With Q1 2018 coming to an end, industrial market indicators in San Antonio remain very positive. During March 2018, vacancy stood at 6%, 203,663 square feet of warehouse/flex space were delivered, and year-to-date net absorption is 55,666, according to data from NAI Partners. Currently, 620,592 square feet is under construction, with 80% of that space available for lease.

Meanwhile, industrial property sales grew 59.7% year over year through February 2018, totaling $17.1 million, based on Real Capital Analytics data. Investors were private buyers. On the overall economic side, the San Antonio unemployment rate was 3.4% in January 2018, with the revised jobless rate at a 17-year low of 3.1% as of October 2017. Construction hiring picked up, while strong growth took place in the goods-producing industries.

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