Leasing activity in the third quarter generated 54,291 square feet of positive net absorption which boosted the year-to-date total net gain to 107,888 square feet. At the close of the quarter, the citywide vacancy rate improved to 18.4% compared to 19.3% last quarter but new supply added over the past twelve months pushed vacancy up [...]
Retail market activity has slowly increased throughout the year. In earlier months, leases were slow to materialize from inception to completion but the pace of recent activity has picked up.
As anticipated, the San Antonio distribution warehouse market was hit with American Standard’s departure in the third quarter. After deciding to relocate to Dallas, the kitchen and bath manufacturer vacated two Northeast properties leaving behind more than 408,000 square feet of vacant space. Healthy leasing activity, however, quickly re-tenanted the space vacated at the Tri-County [...]
Healthy leasing activity was reported around the city in the third quarter, keeping the San Antonio office market moving along the road to recovery.
Caterpillar will build a 260,000 square-foot manufacturing plant in the Tri-County Business Park at Doerr Road and Lookout Road in the northeast satellite community of Schertz. Read Caterpillar selects Schertz for facility (City of Schertz News, 10-22-10); Caterpillar selects Schertz for manufacturing plant (MySA.com, 10-27-10)
The first two buildings in the Schertz Parkway Professional Plaza located at 5000 Schertz Parkway have been completed. Northeast OB/GYN Associates occupies Building 1 (10,000 sf) and Northeast Endocrinology Associates, P.A. occupies Building 2 (8,000 sf).
According to the San Antonio Board of Realtors, the average price of homes in San Antonio at the end of August 2010 increased for the second consecutive quarter and now stands at $200,268 – up 10% compared to August 2009. The median price increased to $159,600 marking a 7% increase compared to the same time [...]