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Texas  + Industrial  |  July 22, 2020
Paul Bubny
By: Paul Bubny

San Antonio Industrial Hangs Tough in Q2

The San Antonio industrial market proved a stalwart performer during the second quarter, according to reports from NAI Partners and CBRE. NAI Partners says the market’s overall vacancy rate was up only 10 basis points quarter-over-quarter at 6.8% and increased by 80 bps points year-over-year.

CBRE says more than 197,000 square feet of warehouse and distribution space was absorbed market-wide in Q2, with the bulk of net absorption stemming from the Northeast submarket. NAI Partners puts the quarterly total at 591,000 square feet, down from 1.7 million square feet in Q1.

Market-wide asking rates are up $0.13 per square foot quarter-over-quarter to $5.93 per square foot in Q2, says CBRE. Additionally, Class A warehouse/distribution asking rates grew $0.38 per square foot quarter-over-quarter, but remain down $0.59 per square foot Y-O-Y.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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