REOC San Antonio healthy industrial market 4Q 2013 | REOC San Antonio healthy industrial market 4Q 2013 | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=4841 | 2014-02-24T15:48:00Z | 2014-02-24T13:00:00Z |
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
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