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The San Antonio medical market has shown remarkable resilience through the recent economic downturn but it is not without vulnerabilities. The University of Texas School of Medicine recently completed the construction of the Medical Arts & Research Center, also known as the MARC (286,000 sf), located in the South Texas Medical Center. This growth is […] The national recession may technically be nearing its end but the local retail market continues to reflect a slow economy. San Antonio retail properties recorded only 45,228 square feet of positive net absorption in the third quarter which raised the year-to-date total to 314,849 square feet. The third quarter gain improved the citywide vacancy rate […] Park North New construction through the first nine months of the year delivered roughly 885,000 square feet of speculative retail space to the San Antonio market. With less than 250,000 square feet expected to reach completion by the end of the year, total retail construction for 2009 will likely register less than a […] The Village at Forum Parkway Over the past twelve months, the San Antonio retail market has suffered some setbacks caused by the prolonged recesssion. Regardless of how well our local economy has performed, national retailers like Linens ‘N Things, Circuit City and Mervyn’s were forced to close up shop across the country which […] The competitive industrial market, which recorded negative absorption through the first half of the year in response to the economic slowdown, experienced an unexpected bounce in the third quarter. Gross leasing activity generated 240,068 square feet of positive net absorption, primarily within Northeast distribution warehouse facilities. […] 4350 Lockhill Selma After sitting vacant since completion late last year, 4350 Lockhill Selma landed its first two tenants in the third quarter. San Antonio-based Vidacare Corporation, developer of medical devices, recently leased 16,932 square feet. The University of Texas San Antonio leased 11,168 square feet and plans to move in before the […] Even though South Texas has been less affected than other areas by the recent economic downturn, national recessionary pressures have pushed into the San Antonio market. Less than 300,000 square feet of speculative office space is currently under construction – a mere fraction of the 1.4 million square feet that was under construction a year […] 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 […] |
