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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Downtown office market struggling

San Antonio’s downtown office market is a work in progress, and it’s struggling.  The center city’s dated buildings, limited parking and the short line-up of major employers have softened the market to a point it hasn’t seen since the early 1990s, just before Southwestern Bell moved from St. Louis, to downtown San Antonio.

Currently, about one-third of downtown office space is vacant — despite cheaper average rental rates compared to the rest of the city.  Of course, the Alamo City isn’t alone. Across the nation, cities are struggling to fill downtown offices as companies flee for the suburbs.

Click to read entire article: Downtown office market struggling (San Antonio Express-News, 4-7-13)

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