High-Visibility Centers are Completely Occupied

Parman of Weitzman says the market is tight with a lot of projects on the drawing boards.

SAN ANTONIO, TX—With so much tenant interest, the market for class-A space remains tighter than the overall market, and centers at the best-performing intersections and retail districts throughout San Antonio are often completely occupied. San Antonio’s retail market posted a healthy occupancy rate of 94% as of mid-year 2016, even as key vacancies from Sports Authority came onto the market. The Alamo City is able to maintain the balance due to the fact that vacancy added by the sporting goods retailer was offset by fully leased construction and the backfilling of major retail box spaces.

Indeed, San Antonio’s retail market continues to benefit from the continued soundness of the metro area’s economy, which ranks as one of the better-performing major markets in Texas and the country.