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

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Commercial foreclosures rise

Foreclosures_croppedAccording to Foreclosure Listing Service, Inc., foreclosure postings for commercial properties in the San Antonio area jumped from 557 in 2008 to 863 in 2009 – an increase of 55%. 

The breakdown by property type is as follows.  Industrial – 47; Apartments – 87; Retail – 66; Office – 24; Vacant Land – 158; Miscellaneous – 481.  The majority of 2009 postings were characterized as older, smaller properties but unfortunately the coming year may see an increase in nicer, newer buildings.  Read more in S.A. postings jumped 55% in 2009, MySA.com, 12-31-09.

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