Industrial Posts Record-High First-Half Sales Volume

Sales on all major industrial properties in San Antonio increased by 293% year over year during the first half of 2017, according to data from NAI Partners. Total volume stood hit a record at $316.3 million, with properties trading for an average of $66 per square feet.

NAI Partners’ data noted that more than 1 million square feet has been delivered year to date, with net absorption standing at 395,228 square feet. Vacancy so far is 6.3%.

Overall supply and demand have been flip-flopping since 2014, when deliveries outpaced demand. The current amount of space under construction is 1 million square feet, with 25% of that space preleased, NAI Partners said.

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