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REOC San Antonio healthy industrial market 4Q 2013REOC San Antonio healthy industrial market 4Q 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=48412014-02-24T15:48:00Z2014-02-24T13:00:00Z

SAN ANTONIO - The San Antonio industrial market closed out 2013 with a citywide vacancy rate of 6.8 percent — the lowest on record and down compared to 7.3 percent last quarter and 9.9 percent recorded in the same quarter last year.

The healthy fourth quarter gain pushed the year-end total absorption figure to nearly 2.5 million sf — another record set and besting the 1.5 million sf recorded in 2007, according to Kim Gatley of REOC San Antonio.

The citywide average cost of renting industrial space rose $0.04 over 4Q 2013 to reach $7.58 per sf on a triple net basis — up an impressive $0.52 or 7.4 percent compared to 4Q 2012.

San Antonio 4Q 2013 Industrial Report
Submarket* Total
Inventory
Total
Vacant SF
Vacant Avg. Quoted
Rent Rate
CBD 233,395 28,548 12.2% $3.60
NC 5,389,176 642,536 11.9% $8.67
Far NC 26,586 6,549 24.6% $11.00
NW 4,128,118 512,180 12.4% $8.75
NE 18,023,774 1,001,706 5.6% $5.56
South 5,626,830 102,886 1.8% $7.00
Far West 120,200 0 0.0% $6.10
Totals 33,548,079 2,294,405 6.8% $7.58

*Submarket maps are available in the report.

For more industrial stats, check out San Antonio Market Data Sources.

REOC San Antonio
San Antonio-New Braunfels
Industrial
http://www.reocsanantonio.com/qr.htmRead more at {Source}

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