Aug 24, 2015
REOC: San Antonio 2Q 2015 industrial market
SAN ANTONIO - The San Antonio industrial market closed the second quarter with a citywide vacancy rate of 8.4 percent, which is up compared to 5.9 percent recorded a year...
SAN ANTONIO – The San Antonio industrial market closed the second quarter with a citywide vacancy rate of 8.4 percent, which is up compared to 5.9 percent recorded a year ago.
Two new industrial projects were delivered to the San Antonio market in second quarter:
- In the North Central sector, Thousand Oaks Business Park 4 (66,405 sf) came online anchored by Interceramic Tile (53,061 sf).
- In the South, a 60,000-sf build-to-suit for Custom Fab was delivered at South Park Business Park located at 7030 Old Pearsall Rd.
Over the past four quarters, the market experienced nearly 639,000 sf of positive net absorption offset by more than 863,000 of new inventory.
| Submarket* | Total Inventory | Direct Vacant SF | % Vacant | Avg. Rent Rate |
| CBD | 233,395 | 0 | 0% | $3.60 |
| NC | 5,401,214 | 388,100 | 7.2% | $9.05 |
| Far NC | 26,586 | 0 | 0% | $12.00 |
| NW | 3,982,905 | 458,641 | 11.5% | $8.72 |
| NE | 18,887,659 | 1,539,098 | 8.1% | $5.81 |
| South | 5,746,829 | 481,801 | 8.4% | $6.17 |
| Far West | 151,474 | 31,274 | 20.6% | $3.84 |
| Totals | 34,430,062 | 2,898,914 | 8.4% | $7.74 |
*See a map of the San Antonio submarkets in the full report.
Source: REOC San Antonio
Don’t forget! Visit San Antonio-New Braunfels Market Research for more stats.
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