SAN ANTONIO-While the city’s other commercial real estate sectors are showing marked signs of improvement, the industrial market here continues to struggle after losing several large users.
That struggle is obvious when one reviews market data, according to Rick Stagers, a vice president with Grubb & Ellis Co.’s local office who specializes in industrial real estate. “In the short-term, we have a grim outlook from a statistical standpoint,” he admits to GlobeSt.com.
San Antonio’s industrial vacancy rate increased to 9.5% during the third quarter, up 10 basis points from the second quarter, according to Grubb & Ellis’ local market report.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
