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Industrial Market Expanding, Maturing

SAN ANTONIO–The local industrial market is seeing a shift in tenant types while vacancy falls below 7% and asking rates increase to more than $6 for the first time since 2011.

By Katie Hinderer | Updated on July 18, 2014

SAN ANTONIO–The industrial market in San Antonio is seeing a significant lack of space. In the second quarter, vacancy fell to 6.6%. The second quarter saw positive net absorption of 205,961 square feet, according to the second quarter market report by CBRE.

“San Antonio has always been tagged as the slow and steady market, but we are now seeing a high volume of users in the market with little new construction. I never expected to see vacancy in San Antonio as low as it currently is,” Rob Burlingame, CBRE senior associate, tells GlobeSt.com.

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