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San Antonio Medical: Vacancy Up, Absorption Down

Medical space absorption in San Antonio continued on a negative trek in Q1 2019. According to metrics released by NAI Partners, absorption for the quarter clocked in at -94,000 square feet. The previous run of positive net absorption lasted five consecutive quarters, from Q3 2017-Q3 2018. Absorption was at 175,429 square feet in the first quarter of 2018; by the end of the year, in the fourth quarter, absorption was -99,026 square feet.

Meanwhile, NAI Partners’ research noted that the vacancy rate for Class A and Class B medical office and properties stood at 16.8%, a 90-basis-point quarter-over-quarter increase, and a 220-bps increase year over year. Occupancy in Q1 2018 was at 14.2%, and in Q4 2018 was 15.9%.

Pictured: University of Texas Health Sciences, San Antonio

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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