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Industrial: Tight Vacancies, Little Construction

SAN ANTONIO-A recent Q3 2013 report issued by REOC San Antonio points to a vacancy rate of 7.3% -- and little meaningful space coming online.

By Amy Wolff Sorter | Updated on November 14, 2013

SAN ANTONIO-Thanks to the rebounding economy and increasing business from the Eagle Ford Shale play, the industrial sector continues experiencing positive net absorption and tightening vacancies. According to REOC San Antonio’s Q3 report, leases and expansions generated 316,485 square feet of net absorption, while vacancy in the market – with an inventory of 32 million square feet – was 7.3%, down from 8.1% the previous quarter.

“If current leasing velocity continues through next quarter, the year-end absorption figure may surpass the 1.4 and 1.5 million square feet recorded in peak performance years of 2006 and 2007,” says Kim Gatley, senior vice president and director of research for REOC San Antonio.

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