According to this research report from Grubb & Ellis, San Antonio’s office leasing market experienced positive absorption of 113,583 square feet in the first quarter. This is the third quarter in a row of positive absorption, and the fourth quarter in a row that the vacancy rate fell. However, there is still 4.5 million square feet of vacant office space spread around the city, and the overall vacancy rate is at 18.1%. There is a lot more detail in the report.
I got the link to the report from the Real Estate Center at the Mays Business School at Texas A&M University at College Station. If you are interested, you can sign up for a twice weekly briefing from them on Texas real estate news. The sign up is on the upper left hand corner of the website.
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