- SAN ANTONIO ECONOMY REMAINS RESILIENT
Employment increased by 46,000 year-over-year.
- STRONG ABSORPTION THROUGH THE FIRST HALF OF 2023
Robust demand persisted in the second quarter as 1.2 million square feet of positive absorption reported.
- VACANCY RATES INCREASING
The overall vacancy rate finished the quarter at 7.3%, which was up 110 basis points quarter-over-quarter (QOQ).
- CONTINUED DEMAND ESCALATES RENTAL RATES
Overall asking rates increased to $8.15 per square foot (psf) for all product which was up just under 3.0% QOQ.
- CONSTRUCTION CONTINUES
There is 6.7 msf of industrial product under construction with approximately 9% pre-leased.
Five Fast Facts: San Antonio Industrial Real Estate Q2 2023
Jeff Graves • 8/10/2023
Read our Five Fast Facts to learn about key trends that impact the San Antonio industrial market in the second quarter.
Article • Technology
Austin has a strong history of being a tech hub dating back to the 1980s when companies including IBM, Texas Instruments and Dell established early roots in the city. Over the past two years, a steady stream of tech companies fleeing other large metro areas have relocated to the area to capitalize on Austin’s business-friendly climate, including both Tesla and Oracle, which have both relocated their headquarters to the Texas capital.Jeff Graves • 9/9/2022