REOC San Antonio
Commercial Real Estate Since 1974   
Kim Gatley
enior Vice President & Director of Research at REOC San Antonio

Got a Commercial Real Estate Need or Question?

Ask One of Our Trusted Advisors

REOC releases 2Q 2011 office market update

Source: REOC San Antonio

After six consecutive quarters of small but steady gains toward recovery, the San Antonio office market took a huge hit in the second quarter.  The spike in vacancy may be disheartening but not surprising.  Looming shadow space – leased but vacant – created a formidable challenge for a market that has averaged less than a half million square feet of annual positive absorption over the past five years. 

One quarter’s poor performance cannot be interpreted as a reversal of the market’s positive trend, but it does hint to a protracted recovery period, especially in light of the large blocks of space anticipated to return to vacancy in 2012 upon completion of a handful of high-profile build-to-suit projects.

Download our 2Q 2011 Office market snapshot report.  For more information, read Alamo City’s office market in the doldrums, report shows and Blog: Despite the challenges, San Antonio office market garnering much investor interest(San Antonio Business Journal, 7-22-11)


Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>