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Asking Rents Rise, Vacancy Falls in Q2

SAN ANTONIO–According to the latest second quarter figures, the local office market is strengthening, which in turn is attracting institutional investors to the area.

By Katie Hinderer | Updated on August 11, 2014

SAN ANTONIO–If the second quarter is any indication, the local office market is set to outpace 2013. Net absorption for the second quarter was 276,155 square feet, bringing the total for the first half of 2014 to 629,382 square feet, according to CBRE‘s MarketView report.

“The steady increase in demand has spurred cautious development and landlords are willing and continuing to reinvest in their properties,” Steve Thomas, first vice president of CBRE, tells GlobeSt.com. “Across the board we see steady growth and I think we will see continued improvement in San Antonio.”

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