Transwestern San Antonio is pleased to bring you our real estate office market outlook report for Q1 2018.

Net positive absorption kicks off San Antonio's Tricentennial year
Average asking rates reach all-time high, up 5.3% year-over-year
The Alamo City’s office market kicked off the Tricentennial year with a net positive in absorption figures. Despite new construction deliveries, vacancy remains steady at 14.1%, just below the five-year average of 14.4%. The San Antonio MSA’s unemployment rate remained near a 13-year low of 3.4%, compared to a national rate of 4.1%. New construction totals reached an all-time high of 1.6 million square feet (49.4% pre-leased).

Demand & Absorption - Gains in first quarter
Net absorption in the first quarter was positive with a total of 24,871 square feet. This compares to 113,556 SF in Q4 2017, negative 119,011 SF in Q3, and 120,251 SF at mid-year, totaling 139,667 SF for the previous 12 months. This quarter’s largest leases and historic net absorption figures are outlined below: 

For more information:

Yesenia M. Dominguez
Director of Marketing & Research
Transwestern San Antonio
210.563.7070
yesenia.dominguez@transwestern.com