SAN ANTONIO–The industrial market in SanAntonio is seeing a significant lack of space. In the secondquarter, vacancy fell to 6.6%. The second quarter sawpositive net absorption of 205,961 square feet,according to the second quarter market report by CBRE.
“San Antonio has always been tagged as the slow and steadymarket, but we are now seeing a high volume of users in the marketwith little new construction. I never expected to see vacancy inSan Antonio as low as it currently is,” RobBurlingame, CBRE senior associate, tells GlobeSt.com.
To meet demand, construction has begun to pick up across thecity, with 468,199 square feet of new projects underway. Thelargest project to get underway is Alamo Ridge BusinessCenter, the master-planned, all-spec project is beingdeveloped by EastGroup Properties and will eventually host 400,000square feet of industrial space.
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