Sublease space stabilizing

The increasing amount of sublease space available in the marketplace reflects how a difficult economy has taken its toll on local businesses.  More than 1.8 million square feet of office, retail and industrial sublease space is currently being marketed throughout the San Antonio area.  Although the total is up from 1.7 million square feet measured in June, the pace has slowed.  Office properties, including Medical buildings, currently offer nearly 780,000 square feet of sublease space which is dangerously close to the previous peak of approximately 800,000 square feet recorded in the second quarter of 2002.  Industrial facilities present more than 868,000 square feet of sublease space while the retail market measures nearly 175,000 square feet. To receive a free listing of office, retail and industrial sublease availabilities, please contact Kim Gatley at kgatley@reocpartners.com.