According to a recent CBRE report, industrial tenants in the San Antonio area are finding value in build-to-suit class-A distribution warehouses, with 1.8 million square foot of product expected to deliver in early to mid-2021. The market is teed up for strong absorption as the economy continues to rebound from the initial impact of the pandemic and tenant demand soars. Gulf Coast port proximity is a major selling point for the area, which has found increased interest from Asian manufacturers and a steady supply of imports from Mexico.
A recent lease in Schertz near San Antonio marks the latest in a string of multi-state transactions from Robinson Weeks, with six individual deals representing more than 3.5 million square feet in markets including Baltimore, Southern California and Dallas.
“The strength and growing velocity we’re now seeing in the northeast San Antonio industrial market aligns with the forecast Robinson Weeks made when we identified land sites and began planning this project back in 2010,” said Forrest Robinson, chairman of the board and co-founder at Robinson Weeks. "As e-commerce activity continues to surge, we are seeing an uptick in demand from retail-based companies seeking to enhance the distribution process by expanding operations near key logistics networks like the I-35 corridor.”
Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
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