Industrial Market Snapshot San Antonio Fourth Quarter 2011
| | | | | Asking Rent $/SF |
|---|
| By Submarket | Total Inventory SF | Vacant SF | Vacant % | WH/Dist. | R&D/Flex |
|---|
| CBD |
6,193,111 |
972,826 |
15.7% |
$5.81 |
$4.80 |
| Far Northwest |
3,161,028 |
629,180 |
19.9% |
$4.60 |
$6.13 |
| Far West |
490,131 |
352,453 |
71.9% |
$7.83 |
- |
| North Central |
9,709,754 |
868,741 |
8.9% |
$4.35 |
$8.28 |
| Northeast |
28,003,122 |
2,805,778 |
9.7% |
$3.72 |
$6.70 |
| Northwest |
8,237,785 |
599,168 |
7.3% |
$4.78 |
$8.26 |
| Port San Antonio |
3,752,054 |
513,243 |
13.7% |
$5.13 |
$8.38 |
| South |
7,868,344 |
457,755 |
5.8% |
$2.82 |
- |
| Total |
68,415,329 |
7,199,144 |
10.5% |
$4.18 |
$7.54 |
|
Note:
Inventory includes all multi-tenant, single tenant, and owner-occupied buildings with at least 10,000 sq. ft. Vacant space includes physically vacant sublease space. Asking Rates are per square foot per year, triple net. Rates for each building are weighted by the amount of available space in the building.
Vacancy and Availability: The vacancy rate is the amount of physically vacant space divided by the inventory and includes direct and sublease vacant. The availability rate is the amount of space available for lease divided by the inventory.
|
San Antonio Industrial Market Fourth Quarter 2011
| By Property Type | Total SF | Vacant SF | Vacant % | Asking Rent $/SF |
|---|
| General Industrial |
19,059,405 |
2,396,331 |
12.6% |
$4.25 |
| R&D/Flex |
10,288,419 |
1,066,593 |
10.4% |
$7.54 |
| Warehouse/Distribution |
39,067,505 |
3,736,220 |
9.6% |
$4.18 |
| Total |
68,415,329 |
7,199,144 |
10.5% |
$4.73 |
Office Market Snapshot San Antonio Fourth Quarter 2011
| | | | | Asking Rent $/SF |
|---|
| By Submarket | Total Inventory SF | Vacant SF | Vacant % | Class A | Class B |
|---|
| CBD |
4,467,228 |
973,094 |
21.8% |
$22.20 |
$18.54 |
| Far North Central |
2,066,238 |
246,591 |
11.9% |
$28.89 |
$21.10 |
| Far Northwest |
456,154 |
237,009 |
52.0% |
$31.27 |
- |
| Far West |
296,986 |
95,000 |
32.0% |
$26.00 |
- |
| North Central |
8,205,099 |
1,186,857 |
14.5% |
$22.54 |
$19.64 |
| Northeast |
2,019,550 |
381,630 |
18.9% |
$28.55 |
$17.64 |
| Northwest |
7,954,321 |
1,244,670 |
15.6% |
$24.54 |
$18.61 |
| South |
347,999 |
89,951 |
25.8% |
- |
$19.98 |
| Total |
25,813,575 |
4,454,802 |
17.3% |
$25.33 |
$18.86 |
|
|
| By Class | Total SF | Vacant SF | Vacant % |
|---|
| A |
10,448,786 |
1,656,345 |
15.9% |
| B |
12,076,192 |
2,368,536 |
19.6% |
| C |
3,288,597 |
429,921 |
13.1% |
| Total |
25,813,575 |
4,454,802 |
17.3% |
Note:
Inventory includes multi-tenant and single tenant buildings with at least 20,000 sq. ft. Owner-occupied, government and medical buildings are not included. Asking Rates are per square foot per year, full service. Rental rates are weighted by the available space in each building.
Vacancy and Availability: The vacancy rate is the amount of physically vacant space divided by the inventory and includes direct and sublease vacant.
Source: Grubb & Ellis, San Antonio Market Trends, Fourth Quarter 2011. Complete survey is available from Grubb & Ellis at www.grubb-ellis.com
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