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The first quarter Economic Trends report released by the Greater San Antonio Chamber of Commerce revealed that “San Antonio and the State of Texas continue to outpace the country as we recover from the recession.” San Antonio recorded the highest score of the Big 5 Texas Metros on the business cycle index trend that tracks […] Source: REOC San Antonio While new construction of most commercial projects has sharply declined over the past two years, San Antonio continues to see a flurry of medical-related activity dominated by hospital expansions and renovations. In addition to the massive public projects, one speculative medical office building opened its doors in the first […] Source: REOC San Antonio After announcing bankruptcy late last year, the closure of five San Antonio-area Lack’s Furniture stores disrupted the local retail market recovery effort in the first quarter. Net absorption was negative 11,670 square feet in the first quarter, leaving 6.1 million square feet empty in the total tracked inventory of […] Source: REOC San Antonio The San Antonio industrial market took some hits in the first three months of the year making it clear that the road to recovery is going to be a little bumpy. The first quarter survey of nearly 30.7 million square feet of multi-tenant industrial space revealed that the citywide […] Source: REOC San Antonio The San Antonio office market is stable and improving. The citywide vacancy rate remained relatively stable at 18.8% compared to 18.5% recorded last year at this time while the average quoted rental rate saw a modest annual increase of 1.1% to reach $20.67 per square foot per year on […] Local grocer H-E-B continues to rapidly expand its presence in the San Antonio area. Smaller stores are being replaced with larger ones. H-E-B announced plans to open twenty new stores in Texas and Mexico this year building on the 18 new stores added in 2010 and the six new stores completed in 2009. […] Medical Plaza II Medical Plaza II, a 70,000 square-foot medical office building situated on the CHRISTUS Santa Rosa Hospital – Westover Hills campus located at 11212 Hwy. 151, officially opened in February. Medical Plaza II sits across from Medical Plaza I, a three-story, 60,000 square-foot medical building which opened in December 2007 . […] |
