The San Antonio industrial market continues to move slowly, but mostly due to a lack of space. Several projects were delivered and more industrial developments are set to be delivered this year. San Antonio ended 2013 with a vacancy rate of 6.8% In 2014, the vacancy rate edged up slightly to 7.2%, which isn’t bad considering the addition of over 377,000 square feet. The limits on space in the San Antonio industrial market are making it hard for companies to relocate their businesses here, but there are nearly 550,000 square feet of industrial space in the pipeline, much of them set to be complete within the first quarter. Rents have remained relatively stable during this time.
image courtesy of peterlfrench