H-E-B Super Regional Grocery Warehouse, San Antonio

December 15, 2018 Comments Off on Industrial Closes Out Year at Steady Vacancy Rate Views: 2380 San Antonio, Texas News

Industrial Closes Out Year at Steady Vacancy Rate

An increase in demand for quality construction projects, combined with increasing absorption, is leading the San Antonio industrial sector to enjoy a steady vacancy rate at the end of 2018. According to NAI Partners, the vacancy rate in December is at 5.8%, meaning the 2018 average ended up at 6%.

Year-to-date net absorption was one million square feet, a 200% increase from November 2018. Move-ins included Southern Warehousing and Distribution, which leased 111,800 square feet, and Comet Signs, which secured 166,000 square feet.

On the construction side, H-E-B held a groundbreaking ceremony in November  for its 1.6-million-square-foot San Antonio Super Regional Grocery warehouse on Foster Road. The warehouse, the largest in San Antonio, is expected to open in late 2019 or 2020.

Pictured: H-E-B- Super Regional Grocery Warehouse Rendering

Read More at NAI Partners

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