We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » CBRE San Antonio Industrial MarketView Q4 2018
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

CBRE San Antonio Industrial MarketView Q4 2018

January 16, 2019
No Comments

Vacancy dwindles as tenants move to the Alamo City

TWO SUBMARKETS HEAT UP
Significant activity in the Northwest and South submarkets pushed market-wide absorption to over 1.1 million sq. ft. at the close of 2018. Southern Warehousing & Distribution expanded their market presence by 111,800 sq. ft. in the Northwest submarket. San Antonio-based Comet Signs moved into 166,000 sq. ft. of space at 5003 Stout Drive in the South submarket. In addition to the strong quarterly absorption, multiple leases were signed in Q4 2018 and are set to occupy in 2019. Calendar Club and Dealer Tire inked two deals totaling 324,000 sq. ft. at the I-35 Logistics Center in the Northeast submarket. The two companies are expected to take occupancy in early 2019.

LARGE MOVE INS SHRINK VACANCY
Several large tenants took occupancy in Q4 2018, decreasing the market-wide vacancy rate by 90 basis points (bps) from 9.7% in Q3 2018 to 8.8% in Q4 2018. With over 300,000 sq. ft. of net absorption, the Northeast submarket registered a vacancy decrease of 230 basis points quarter-over-quarter. Class B space in the North Central submarket experienced a slight uptick in vacancy, stemming from a combination of smaller move outs in flex R&D space.

ASKING RENTS INCREASE
San Antonio's flourishing industrial market sparked increases in weighted average asking NNN rents for both warehouse and flex R&D space. Rates in the South submarket trended upward into the $5.00 NNN range for both Class A and B properties. This is largely due to increased demand in the area. Flex R&D space in the Northeast submarket saw rents increase to over $10.00 NNN per sq. ft. in the fourth quarter. With an influx of manufacturers coming to the market, demand for versatile space has increased, which has pushed flex R&D prices up in recent years.

CONSTRUCTION TO DELIVER IN 2019
Deliveries cooled off in the fourth quarter with two speculative developments totaling 122,707 sq. ft. completing in Q4 2018. Additions to the development pipeline included Phase II of Gateway 10 Business Park, which added 175,055 sq. ft. of space underway to the Northeast submarket. Several projects are slated to deliver in the first quarter of 2019, including the 400,400 sq. ft. Logistics Commerce Center park and the 350,000 sq. ft. building at Brooks City Base.

More Info: https://www.cbre.us/research-and-reports/San-Antonio-Industrial-MarketView-Q4-2018

Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
  • Related Articles

    CBRE Austin Q4 2018 Industrial MarketView

    CBRE Ciudad Juárez Industrial MarketView Q4 2018

    CBRE El Paso Industrial MarketView Q4 2018

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Cold chain giant Lineage Logistics buys its own rail operator

  • The Home Depot opens automated DC in greater Atlanta

  • For container lines and ports, what a difference a year makes

  • Outlook 2021: What’s in store for logistics supply chain?

  • A guide to Brexit for ecommerce businesses

Now Playing on DCV-TV

Jlt procure rugged devices thumb

What it takes to procure the right rugged devices for your warehouse

DCV-TV 4: Viewer Contributed
Procuring new rugged devices for your warehouse is often a big decision and a significant investment. It needs careful planning and consideration. It involves more than ticking boxes on a spec sheet. It includes testing and getting employee buy in. And it's about finding a partner that can work with you to deploy...

FEATURED WHITE PAPERS

  • Proven Benefits: A Compendium of Slotting Optimization Success Snapshots

  • Bridging Information Gaps in Dock and Yard Operations

  • How Intelligent Sensor Solutions Turn Data Into Action

  • Order picking Solutions: Understanding Your Options

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing