Industrial Projects of 8M SF Are Rolling Along in San Antonio
The San Antonio industrial market’s overall vacancy rate decreased 40 basis points quarter-over-quarter at 6.4 percent and was down by 20 basis points year-over-year, according to the latest report by NAI Partners. Class-A space ended the first quarter at 18.3 percent vacancy, down from 18.6 percent this time last year, based on a total inventory of 17 million square feet in 103 existing industrial properties.
In addition, overall net absorption registered 1.2 million square feet, up from 760,000 square feet this time last quarter, although down from 1.7 million square feet this time last year. There is 8 million square feet under construction including Project Star at 3.8 million square feet, Amazon at 1 million square feet and Navistar at 900,000 square feet.
Triple net average monthly asking rents recorded $0.57 per square feet in the first quarter, up slightly from this time last quarter at $0.56 and higher than last year at $0.50 per square feet, according to the NAI Partners report.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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