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Kim_Gatley
Kim Gatley
Sr. Vice President
& Director of Research
NAI REOC San Antonio
(bio)

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NAR Market Summary

Commercial real estate sectors, hurt by weak job growth, are offering incentives in many areas that are conducive to business expansion, according to the National Association of Realtors®.  Read the full article (NAR, August 26, 2010)

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Manufacturing jobs on the rise in Texas

Following a 12.4% decline in manufacturing jobs from June 2006 to December 2009, Texas demonstrated the positive trend of adding manufacturing jobs in each of the first six months of 2010.  According to the U.S. Congress Joint Economic Committee’s report, “Promising Signs of Recovery in Manufacturing,” Texas added 22,800 jobs in the January-to-June period – a 2.8% increase from the beginning of the year.  …Read Entire Post

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NAI REOC San Antonio releases 2Q 2010 industrial stats

Source: NAI REOC San Antonio

Propped up by healthy leasing activity reported in the first three months of the year, the local industrial real estate market exhibited signs of forward momentum heading into the second quarter but economic uncertainty slowed the demand for space over the past three months. …Read Entire Post

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NAI REOC San Antonio releases 1Q 2010 Industrial stats

Source: NAI REOC San Antonio

Healthy leasing activity in the first quarter substantiated the notion that the general economy is starting to turnaround but significant challenges still lay ahead for the local industrial market.  …Read Entire Post

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Sysco distribution complex lands in Schertz

Houston-based Sysco Corporation, distributor of foodservice products, announced plans to build a 635,000 square-foot distribution complex on 50 acres recently purchased in the northeast satellite community of Schertz at Interstate 35 and Schwab Road. …Read Entire Post

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More freight coming down the track

Union Pacific is expecting a 20 percent increase in freight volume at its main San Antonio-area terminal this year over last. A portion of the local freight increase the company expects is parts shipments related to the production of Tacoma pickups at the Toyota assembly plant which is scheduled to begin this summer. Read 20% more freight seen coming down the track (MySanAntonio.com, 2-18-10).

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NAI REOC San Antonio releases 4Q industrial stats

Source: NAI REOC San Antonio

The economy persists in playing a major role in the overall slowdown of the San Antonio commercial real estate environment but the industrial market ended the year on a positive note, according to the fourth quarter survey of more than 30 million square feet of competitive, multi-tenant industrial space conducted by the research department of local commercial real estate company NAI REOC San Antonio. …Read Entire Post

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Port San Antonio Aerospace Impact

The aerospace industry dominates operations at Port San Antonio (formerly Kelly AFB).  According to a recent study conducted by SABER Research Institute, the thirteen aerospace-related companies located at Port San Antonio directly employ about 4,300 workers and account for $1.46 billion in annual economic activity.   

For more information about the report and growth at Port San Antonio, read Port’s aerospace industry boasts $1.5 billion impact (MySA.com, 1-19-10) and Port San Antonio’s economic impact tops $1 billion (San Antonio Business Journal, 1-19-10).

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Impact of Toyota’s suspended production

It is too early to know the full impact of Toyota’s recent announcement to suspend production at five North American plants.  Toyota, the world’s largest automaker, needs time to assess and coordinate activities related to the recall of eight vehicle models due to accelerator pedals that stick.  …Read Entire Post

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Commercial foreclosures rise

Foreclosures_croppedAccording to Foreclosure Listing Service, Inc., foreclosure postings for commercial properties in the San Antonio area jumped from 557 in 2008 to 863 in 2009 – an increase of 55%.  …Read Entire Post

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