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Technically, the recession may be nearly over even though the economy still feels weak. As the economy begins to improve some cities will likely see faster expansion than we typically experience here in San Antonio but the local economy deserves kudos for the stability demonstrated during the recent downturn. The Second Quarter MetroMonitor report released […] San Antonio offers more than 5.7 million square feet of multi-tenant, medical office space. Second quarter activity among medical buildings generated 18,371 square feet of positive net absorption led by the 20-year lease signed by Acuity Healthcare to fill recently completed Lexington Plaza (33,431 sf). Acuity plans to turn the speculative building into a long-term […] After being hit earlier this year with the closures of national retailers such as Circuit City, Mervyn’s and Linens n’ Things, the faltering economy continued to impact the local retail market in the second quarter with the additional closure of Sportsman’s Warehouse at The Legacy. As a result, San Antonio’s retail market vacancy rate climbed […] Tough economic times seem to be keeping San Antonio’s industrial sector in low gear. At the close of the second quarter, the citywide average quoted triple net rental rate retreated to $5.56 per square foot per year – down one cent from last quarter and six cents or 1.1% compared to a year ago. The […] |
