August 4, 2017
Results from CBRE’s 2017 Investor Intentions Survey show that appetites for good secondary (non-core) assets are significantly increasing. And, it seems that San Antonio is attracting some of that attention, both through investments and development.
A recent CBRE “MarketFlash” showed that San Antonio’s industrial market experienced its seventh consecutive year of positive net absorption, and the market isn’t showing signs of slowing down. A five-year trailing average net absorption was above 1.6 million square feet, with average vacancy at 8.8%.
Cap rates have been higher for industrial product here as well, especially compared to Dallas, Houston and Austin. Finally, the regional market expanded by more than 25% in size and occupied square footage.
Thanks to demographics and employment growth, “San Antonio is among the strongest non-primarily markets in Texas, and recent data show its maturity and stability could continue attracting investment,” according to CBRE.
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