SAN ANTONIO-While the city’s other commercial real estatesectors are showing marked signs of improvement, the industrialmarket here continues to struggle after losing several largeusers.
That struggle is obvious when one reviews market data, accordingto Rick Stagers, a vice president with Grubb & Ellis Co.’slocal office who specializes in industrial real estate. “In theshort-term, we have a grim outlook from a statistical standpoint,”he admits to GlobeSt.com.
San Antonio’s industrial vacancy rate increased to 9.5% duringthe third quarter, up 10 basis points from the second quarter,according to Grubb & Ellis’ local market report.
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