13
San Antonio Office San Antonio Office MarketView MarketView MarketView MarketView
2013 | MarketView San Antonio Office | MarketView San AntonioQ4 Office
to 5.8%, from unemploymen and 10 basis p 8% reported for O is below the na 7% MARKETVIEW flat. C Q4 2013 CBRE and Global Research relatively and Con CBRE Research Global Research Consulting Q4 2013Q4 2013 CBRE6% Market Global and Consulting Statistics Q4 2013 CBRE Global Research and Consulting of the nation, 5% over the month Total Net Rentable Vacant Total Vacancy The national u Market Absorption 4% Area Sq. Ft. Rate Ft. theSq.month, bu 3% CBD 5,137,693 1,321,825 25.7% (4,519) national unem North Central 10,606,503 1,594,891 15.0% 26,780 2% the November 2007 2008 2009 2010 2011 2012 Directional arrows based on change from the previous quarter. arrows based on change from thequarter. previous quarter. Data reflects market Data totals.reflects market totals. Northeast 1,986,652 264,051 13.3%2013 (5,829) sho Directional Directional arrows based on change from the previous Data reflects market totals. expansion US Texas San Antonio Northwest 8,947,182 1,963,716 21.9% 86,381 gains Directional arrows based on change from the previous quarter. Data reflects market totals. housing Source: Bureau of Labor Statistics, October 2013. South 473,871 29,919 6.3% Shale.671 In the lo Totals 27,151,901 5,174,402 19.1% 103,484 employment in Source: CBRE Research, Q4 2013. medical, along Gross Annual Average Asking Rates, Per Sq. Ft. VACANCY it is likely theAN A Vacancy and Absorption $25 Net absorption The San Antonio office market was steady economically. Quick Stats Quick Stats Quick Stats Asking Rent & Vacancy
San Antonio Office | Marketview OCCUPANCY OCCUPANCY OCCUPANCY 80.9% 80.9% 80.9%
OCCUPANCY AVAILABILITY AVAILABILITY AVAILABILITY 80.9% 22.1% 22.1% 22.1%
10% 9%
OFFICE FOURTH QUARTER
AVAILABILITY ASKING RATE ASKING RATE ASKING 22.1% $19.82RATE PSF $19.82 PSF $19.82 PSF
ASKING RATE UNEMPLOYMENT UNEMPLOYMENT $19.82 PSF 5.8% UNEMPLOYMENT 5.8% 5.8%
UNEMPLOYME 5.8%
ANDDEFINES STEADY” DEFINES OFFICE MARKET “STRONG AND STEADY” OFFICE MARKET FOR 2013. FOR 2013. “STRONG AND“STRONG STEADY” DEFINES OFFICE MARKET FOR 2013. “STRONG AND STEADY” DEFINES OFFICE MARKET FOR 2013. Quick Stats
Asking Rent & VacancyAsking Rent & Vacancy
Q4Asking 2013. Rent & Vacancy Q4 2013YoY QoQ over YoY Q4 2013 QoQ YoY QoQ $21 $21 $21net absorption Q4 2013 QoQ YoY Total for the quarter was positive Vacancy 19.1% $21 Vacancy 19.1% Vacancy 19.1% 103,484 sq. ft., bringing the total net absorption for Vacancy 19.1% $19.82 Asking Rates Asking Rates Asking Rates $19.82 $19.82 2013 to 622,269 sq. ft. and rendering this year the Asking Rates $19.82 $20 $20 103,484 103,484 since Net AbsorptionNet Absorption 103,484 Net Absorption for San$20Antonio. Much of the healthiest 2007 $20 Net Absorption 103,484 Under Construction 0 Construction Under Construction 0 1 1 office market’s as well as the commercial Under 0 1 success, Under Construction 0 1 real estate market as a whole, can be attributed to Delivered Construction Delivered Construction43,500 43,500 43,500 DeliveredConstruction $19 $19 $19 Delivered 43,500 an above average performing economy. Source: CBRE Research, Q4Construction 2013. Source: CBRE Research, Q4 2013. $19
Dollars Per Sq. Ft.
Dollars Per Sq. Ft. Dollars Per Sq. Ft.
Source: CBRE Research, Q4 2013. Source: CBRE Research, Q4 2013.
Dollars Per Sq. Ft.
Q4 2013
$24 1,100,000
with a vacancy for 2013 to 62 OFFICEover REN activity th Full Servicesub Gr Northwest ft. of net absor space decreas the are recession highest in tt absorption all and Northwest
19%
$23
900,000
18%
$22
20%
20%
700,000
$21
17%
20%
500,000 $20
16%
$19
300,000
15%
$18
18%
18%
100,000
$17
and $18.97 pe
14%
Notable transa slipped slightlyw • WellMed sq. ft. Overall, Oaks. • Konica Mi range over the 18,581 sq market remain • Christus S continue into 2 Internation • Office Ally OFFICE spacePRO at H
18%
(100,000) $16
13%
$15 (300,000)
2007
2008
(500,000)
2007 Sq. Ft. Source: CBRE Research, Q4 2013.2008 Q1
Q2
2009 Class A
2010 Class B
2009
Q3
Q4
2010
2011 Average 2011
12%
2012
2013
16% 2012
16%
11%
2013
Total Annual Absorption
16%
Vacancy Rate
Construction, Sq. Ft.
Source: CBRE Research, Q4 2013.
14%
14%
At the end of Q of office space occupancy at $18 12% 1,200,000 12% Capital Title, a 400,000 $18 quarter with 103,484 sq. ft. of net absorption. quarter with 103,484 sq. ft.with ofended net absorption. construction h 1,000,000 quarter 103,484 sq. ft. of net absorption. The San Antonio office market the fourth 12% 200,000 The office market remained steady and cautious potential proje The office remained and cautioussteady and cautious 800,000 The market remained quarter with market 103,484 sq.office ft. ofsteady net absorption. of these projec throughoutthroughout most of themost year,ofbringing the total the total $17 the year, bringing 10% 600,000 0 throughout most ofcautious the year, bringing the The office market remained steady and $17 total 10% $17 will be located net absorption for 2013 tofor 622,269 sq. ft. net absorption 2013 to 622,269 sq. ft. 400,000 (200,000) netyear, absorption forthe 2013 ft. throughout most of the bringing totalto 622,269 sq. $17 10% Crossing. The 2 MARKET STATISTICS The positiveThe gains the year has brought to the positive gains the has brought the has brought to the 200,000 hopes to brea Theyear positive gains net absorption for 2013 to 622,269 sq.the ft.toyear (400,000) commercialcommercial real estate real market canmarket be attributed Northwest sub estate can attributed UNEMPLO 0 realbe estate market can be attributed The positive gains thecommercial year has brought to the Unemployment MARKETVIEW Sq. Ft. 2009 2010 2011 2012 2013 Average Gross Asking Rent per Sq. Ft. Average Vacancy Sq. Ft.2008 to job and to population growth throughout the Source: CBRE Research, Q4 2013. ground Average Gross Asking Rent per Sq. Ft.Gross Asking Average Vacancy The early San An job and real population growth throughout the Source: CBRE Research, Q4 2013. 10% Average Rent Sq. Ft. Average Vacancy Under per Construction Pre-leased to job and population growth throughout the commercial estate market can be attributed Source: CBRE Research, Q4 2013. office complex Source: CBRE Research, Q4 2013. Alamo City.Alamo City. Class A Class B Class C Total Abs 5.8%, from Market Average Gross Asking9% Rent per Ft. Source:Sq. CBREStatistics Research, Q4 2013.Average Vacancy City. to job and populationAlamo growth throughout the Source: CBRE Research, Q4 2013. ft. As the San Antonio economy strengthens and The San Antonio office market was steady over rate is the 3 As the San Antonio economy strengthens and The San Antonio office market was steady over Alamo City. As the San Antonio economy strengthens an The San Antonio office market was steady over (bps) leasing8% activity picks up, developers becoming Netbelow Totalandare Total Q4 2013. Q4 2013. Q4 2013Q4 2013 Global Research Consulting Rentable Available Availability leasing activity picks up,Research developers are becoming Q4 2013 CBRE Global Research a As the San Antonio economy strengthens and The San Antonio office market was steady over CBRE CBRE Global and Consulting leasing activity picks up, developers are bec Q4 2013. Market Vacant Vacancy Absorption • The San Antonio market has been identified as Though th more confident in the market. This new confidence Total net absorption for the quarter was positive Area Sq. Ft. Rate • The San Antonio•market has been identified as 7% more confident in the Sq. Ft.developers Rate Sq.year Ft. it The San Antonio market has been identified as market. Thisand new confidence Total net absorption for the quarter was positive Q4 2013City” by the U.S. CBRE Global Research Consulting the leasing activity picks up, are becoming Q4 2013. more confident in the market. This new con Total net absorption for the quarter was positive an “Enterprising Chamber of has spurred the potential for a new round of office 103,484 sq. ft., bringing the total net absorption anSan “Enterprising City” by thebeen U.S.identified Chamber of • The Antonio market has has spurred theinpotential for aThis new round of office Braun sq.offt., bringing totalft.,net absorption 6% more an “Enterprising City” byas the U.S.103,484 Chamber confident thehas market. confidence net absorption forrendering thethe quarter was positive spurred thenew potential for a new New round 103,484 sq. bringing the total net CBD absorption 432,907 18,700 4.3% 48,330 11.2% 0 o Commerce. development. Recently, Stream Realty Partners for 2013Total to 622,269 sq. ft. and this Logging w Commerce. development. Recently, Stream Realty Partners for 2013sq. to 622,269 sq. ft. and rendering this an “Enterprising City”Commerce. by the U.S. Chamber of has spurred the potential for a new round of office 103,484 ft., bringing the total net absorption 5% development. Partn 622,269 sq. ft. and rendering this5,899,853 of Norththe Centralconstruction 675,079 11.4% Recently, 799,132 Stream 13.5% Realty (13,162) announced a new office project year the healthiest since 2007forfor2013 San to Antonio. driven emp announced theRecently, construction of6.8% athe new office project year the to healthiest since 2007 for San since Antonio. Commerce. Stream Realty Partners for 2013 622,269 sq. ft. and rendering this2007 announced construction of a new office Northeast 19,561,968 1,324,493 2,358,470 12.1% 1,328,717 year the healthiest for San Antonio. Antonio to 4% known asdevelopment. Lockhill Crossing. The mid-rise, Class Much ofon the officemarket markets success, as well as thereflects • Bexar County took the spot from on the Texas Directional arrows based ontop change the previous quarter. Data reflects totals. Directional arrows based change from the previous quarter. Data market totals. known as Lockhill Crossing. The mid-rise, Class Much of the office markets success, as well as the Directional arrows basedthe ontop change from the previous quarter. Data reflects market totals. • Bexar County took spot on the Texas announced the construction of a new office project year the healthiest since 2007 for San Antonio. for61,079 TexasC d Northwest 5,400,086 551,734 10.2% 575,332 10.7% known as Lockhill Crossing. The mid-rise, Much of the office markets success, as well as the • Bexar County took the top spot on the Texas A office building will sit between Lockhill Selma commercial real estate market as a whole, can Association of Realtors’ 2013 Texas Relocation 3% Directional arrows based on change from Relocation the previous quarter. Data reflects marketmarket totals. Awhole, office building will sitoffice between Lockhill Selma commercial real estate as a as whole, canthe as aknown year, toSe 6.2 2007 as 2008 2009 2010 The 2011 2012 2013 Association Realtors’ Lockhill Crossing. mid-rise, Class Much of the office markets success, well as South 2,687,504 249,897 9.3% 249,897 9.3% Lockhill (100,000) • Bexar County of took the top2013 spot Texas on the Texas A building will sit between commercial real estate market can Road and NW Military Highway along Loop 1604 be attributed to an above average performing Association of Realtors’ 2013 Texas Relocation Report. Texas US San Antonio the month Road and NW Military along LoopHighway 1604 be attributed to an be above average Report. of Realtors’ Totals 33,982,318 4,031,161 11.9% along 1,276,634 A office building will2,819,903 sit Highway between Lockhill market as to a performing whole, caninaverage Road and8.3% NW Military Loop attributed an above performing Association 2013 Texas Relocation theSource: Northwest 126,626 sq. ft. Selma economy.commercial real estate Texas Workforce submarket. Commission, June 2013.This Report. unemploym in the Northwest submarket. This 126,626 sq. ft. economy. Source: CBRE Research, Q4 2013. Military Road and NW Highway Loop 1604This 126,626 be attributed to an above average performingdevelopment the Northwest submarket. s economy. comes at a timeinwhen primealong Class Report. report from • San Antonio was named one of the top 25 NET ABSO development comes at a timeThis when primeatClass Net Absorption and Vacancy in the Northwest submarket. 126,626 sq. ft. economy. development comes a time when prime C A office space is in high demand in one of the The outlook for the San Antonio area looks carry over • San Antonio was named one of the top 25 NNN Annual Average Asking Rates, Per Sq. Ft. Quick Stats Net Absorp Quick Stats NNN Rates San Antonio was named one ofAsking the top 25 Quick NNN Asking Ratesdevelopment The San Antonio industrial market expeBest Cities for Stats Global Trade• by Global Trade A desirable office is in high inisone of Class the The outlook for the The San Antonio area NNN Rates vacancy comes when prime $11area city’s most locations. Itademand istime believed that to be a positive one.Asking According tooutlook the Sanfor Aatoffice space in high demand inasuccess one offrort thelooks San Antonio looksspace Best Cities for Global Trade bythe Global Trade 18% Stats •Quick San Antonio one of top 25 Q4named 2013 QoQ YoY NNN Asking Rates Best Cities for Global Trade by Global Trade sq. ft. facility 2,500,000 Magazine, which also was named Texas as the top city’s most desirable locations. It is believed that to be a positive one. According to the San Q4 2013 QoQ YoY rienced nearly 1.3 million sq. ft. of positive net in the city’s Q4 2013 QoQ YoY A office space is in high demand in one of the The outlook for the San Antonio area looks projects like this are just the beginning of more Antonio Business Journal, The Perryman Group $10 city’s most desirable locations. It is believed to be a positive$11 one. According to 2,300,000 the San Magazine, alsoTrade named Texas asTrade the top $11 quarter, whi $11 Cities forwhich Global by Global along with projects like this areAlamo just theCity. beginning of more Business Journal, Perryman Magazine, which alsoabsorption named Texas the top one. State for Best Global Trade in the U.S. 2,100,000 Q4 2013 YoY foras Q4 2013, bringing the total 16% Northeast Vacancy 8.3% theVacancy QoQ most desirable locations. is believed thatbeginning toAntonio be a$11 positive toyear-end the Journal, SanGroup development come to the recently forecasted many citiesThe as being $9 city’s to projects likeItthis are just the of Cit ms Antonio Business The Perryman Group 8.3% Texas According 1,900,000 Vacancy 8.3% State for Global Trade in U.S. Alamo $10 Magazine, which also named Texas as the top with a total $10 as being development to come to the Alamo City. recently forecasted many Texas cities 14%
Absorption By Class
ASKING RATE AVAILABILITY ASKING RATE $5.85 Per ASKING Sq. Ft. Per RATESq. Ft. 11.9% $5.85 $5.85 Per Sq. Ft.
Q4 2012 Q2 2010
Q3 2012 Q1 2010
Q42012 2013 Q4 2013 Q2 Q4 2009
Q3 2013 Q32012 2013 Q1 Q3 2009
Q3 2007 Q1 2007 Q1 Q42007 2007 Q2 2007 Q2 Q12007 2008 Q3 2007 Q3 Q22007 2008 Q4 2007 Q4 Q32007 2008 Q1 2008 Q1 Q42008 2008 Q2 2008 Q2 Q12008 2009 Q3 2008 Q1 2007 Q3 Q22008 2009 Q4 2008 Q2 2007 Q4 Q32008 2009 Q1 2009 Q3 2007 Q1 Q42009 2009 Q2 2009 Q4 2007 Q2 Q12009 2010 Q3 2009 Q1 2008 Q3 Q22009 2010 Q4 2009 Q2 2008 Q4 Q32009 2010 Q1 2010 Q3 2008 Q1 Q42010 2010 Q2 2010 Q4 2008 Q2 Q12010 2011 Q3 2010 Q1 Q32009 2010 Q2 2011 Q4 2010 Q2 Q42009 2010 Q3 2011 Q1 2011 Q3 Q12009 2011 Q4 2011 Q2 2011 Q4 2009 Q2 Q2 2007Q12011 2012 Q3 2011 Q1 Q32010 2011 Q3 2007 Q2 2012 Q4 2011 Q42010 2011 Q2 Q4 2007 Q3 2012 Q1 2012 Q12010 2012 Q3 Q1 2008 Q4 2012 Q2 2012 Q22010 2012 Q4 Q2 2008 Q1 2013 Q3 2012 Q32011 2012 Q1 Q3 2008 Q2 2013 Q4 2012 Q4 Q2 2011 Q4 2008Q32012 2013 Q1 2013 Q12011 2013 Q3 Q1 2009 Q4 2013 Q2 2013 Q22011 2013 Q4 Q2 2009
Q2 2007
AVAILABILITY OCCUPANCY AVAILABILITY 11.9% AVAILABILITY 91.7% 11.9% 11.9%
San Antonio Industrial | MarketView
OCCUPANCYOCCUPANCY 91.7% OCCUPANCY 91.7% 91.7%
San Antonio Industrial | MarketView
San Antonio Industrial | Marketview
Q4 2013
Q4 2013
Q1 2007
SanSan Antonio Industrial San Antonio Industrial INDUSTRIAL FOURTH QUARTER Antonio Industrial San Antonio Industrial MarketView MarketView MarketView EXCERPTS FROM FOURTH QUARTER MARKETVIEW MarketView
Q3 2013 Q1 2011
INDUSTRIAL FOURTH QUARTER
Q2 2013 Q4 2010
1,400,000 600,000
Q1 2013 Q3 2010
Hot Topics Hot Topics Hot Topics $18 $18 The San Antonio office market ended the fourthoffice The San Antonio office market ended the fourth The San Antonio market ended the fourth Hot Topics
1,600,000
UNEMPLOYMENT ASKING RATE UNEMPLOYMENT $5.855.8% Per Sq. Ft.UNEMPLOYMENT 5.8% 5.8%
UNE 5.8
INDUSTRIAL SECTOR CLOSES ITS SECTOR BEST TO DATE. INDUSTRIAL CLOSES ITS DATE. BEST YEAR TO DATE. INDUSTRIAL SECTOR CLOSES ITS YEAR BEST YEAR TO INDUSTRIAL SECTOR CLOSES ITS BEST YEAR TO DATE.
$10 State for8.3% Global Trade the U.S. positioned forBusiness long-term economic growth. like this are development just the beginning of more Antonio Journal, The Perryman Group $8 projects to come to the Alamoa City. recently forecasted as being million sq. ft. 2013 has proven to be many one ofTexas cities towell in2.5 vacancy r Asking Rates,Vacancy NNN $5.85 San Antonio Asking $5.85 for Texas $10 well positioned long-term economic growth. State for Global Trade in the U.S. Asking Rates, NNN $5.85Rates, NNNThe article $9 recently • The Milken Institute has named INDUSTR The economic San Antonio officetomarket had a City. 61,000 sq. states thatfor San Antonio, being one $9 come has to the Alamo forecasted many cities assince being $7 development well positioned for long-term growth. $9 the strongest years the industrial market • The Milken Institute has named San Antonio Asking Rates, NNN $5.85 The San Antonio office market has had a The article states that San Antonio, being one The overal of theNettop 25 Best-Performing Cities in the Netone Absorption 1,276,634 successful and steady year in 2013. The of these cities, has benefitted greatly from the $9 • The Milken Institute has named San Antonio well positioned for long-term economic growth. $6 Net Absorption 1,276,634 The San Antonio office market has had a The article states Antonio, being one Absorption 1,276,634 Cities 2007. the $8While Notable dea $8 that a $8 healthy market should ease theSan minds increased one of theInstitute top 25 Best-Performing in successful andmarket steady year in 2013. Thea of these cities, has benefitted greatly from the commercial real not only saw gains military medical industries as well as its • Net The Milken has San25 Antonio Conn’s U.S. for 2013. Sanestate Antonio office market has had The article states that Antonio, being one $5 The onenamed ofthe top Cities Absorption 1,276,634 successful and steady year in 2013.•from Thethe ato Best-Performing $7 and ofSan these cities, has benefitted greatly from the $8 in the Under Construction 315,362 Under Construction 315,362 • Goodwill $7 commercial real estate market not only saw gains military and medical industries as well as its of developers, many are still hesitant to turn dirt on Under Construction 315,362 U.S. for 2013. $7 in its office sector, but in other commercial product educated population. The article went on to say one of the top 25 Best-Performing successful and steady year in 2013. The of these cities, has benefitted greatly fromindustries the $4 well commercial real estate market not only saw military and medical as as its U.S. for 2013.Cities in the ft. Asking Business Par 2009 2010 2011 2012product 2013 Under Construction 1,260,000 315,362 speculative “Expansion in 2007 its In office2008 sector, but inmarket other commercial educated The article went onitsto say $7in output aswent well. 2013 Texas Relocation Report, gross product) Delivered Construction projects prior toeducated getting leasing commit•ft.Southern $6 is 1,260,000 (real industries citywidep commercial real estate only sawin gains andpopulation. medical as well as •Delivered Texas Construction ranked third for the Best Business U.S. for Construction 2013. $6 in its officenot sector, but other commercial population. Thetypes article on the toWarehouse/Distribution say Flex/R&D Market Average Delivered 1,260,000 that, $6 military Currency D types asTexas well.Association In the 2013ofTexas Relocation Report, that, “Expansion in output (real gross product)released is by forecast to occur atpopulation. a 3.35% annual rate, with out at $4.2 ranked third for the Best Business Delivered 1,260,000 forments. Best in itsthe office sector, but in other commercial product educated The“Expansion article went on toopensay(realSource: CBRE Research, Q4 2013. this $6setback didthat, not stop users $5Yet, types asRealtors, well. In the 2013 Texas Relocation inthe output gross product) is Climate • in Texas 2013Construction by Site Selection magazine. • Aviation T $5from • Texas ranked third the Business $5to occur at a 3.35% annual released by the Texas Association of Realtors, forecast rate, with the Central an Bexar County took the top spot. The report highest gains on the services; finance, insurance Woodlake Climate in 2013 Site magazine. types aswith well.the In the 2013 Texas Report, of that, “Expansion in output (real gross product) is annual released by Relocation the Texas Association RealtoraC forecast toCity occur atyear. a 3.35% rate, ingSelection and into this Texas ranked third by forClimate the Selection Best $5 Hot Topics• Hot $4 expanding inBusiness 2013 by Site magazine. Hot Topics •buildings Total Med Bexar County tooka the top spot. report Source: CBRE Research, Q4 2013. highest onthe the Alamo services;The finance, $4 insurance Topics shows that the county had net inflow of The 5,601 and real estate; and trade segments.” majority $4gains released by the Texas Association of Realtors, forecast to occur at a 3.35% annual rate, with the Bexar County took the top spot. The report highest gains on the services; finance, insurance Construction, Sq. Ft. Expressway. Climate in 2013market by Siteended Selection magazine. The San Antonio industrial 2013 Hot Topics The San Antonio market endedare 2013 shows that the hadlargest a net inflow of 5,601 and real estate; and tradeoffice segments.” $4sectors households in 2012, forcounty the fourth net gain ofindustrial these leading direct drivers.The majority The San Antonio industrial market ended 2013 1,700,000 1,500,000
14%
Annual Per Sq. Ft.
Annual Per Sq. Ft. Annual Per Sq. Ft.
Annual Per Sq. Ft.
1,300,000
$3
1,100,000 900,000
12%
700,000 500,000 300,000
10%
100,000
(100,000) (300,000) Sq. Ft.
2007
2008
2009
2010
Q1 Q4
2011
2012
Q2 Net Absorption
2013
8%
Q3 Vacancy Rate
•It CED $3 Bexar County took the top spot. Thecounty reporthad a net inflow highest $3 gains on theand services; finance, insurance is import shows that the ofwill5,e real estate; and trade segments.” The majority Q4 2012
Q3 2013
Q2 2012
45%
Q1 2012
Q1 2007 Q4 2007 Q1 2007 Q2 2007 Q1 2008 Q2 2007 Q3 2007 Q2 2008 Q3 2007 Q4 2007 Q3 2008 Q4 2007 Q1 2008 Q4 2008 Q1 2008 Q2 2008 Q1 2009 Q2 2008 Q3 2008 Q2 2009 Q3 2008 Q4 2008 Q3 2009 Q4 2008 Q1 2009 Q4 2009 Q1 2009 Q1 2007 Q2 2009 Q1 2010 Q2 2009 Q2 2007 Q3 2009 Q2 2010 Q3 2009 Q3 2007 Q4 2009 Q3 2010 Q4 2009 Q4 2007 Q1 2010 Q4 2010 Q1 2010 Q1 2008 Q2 2010 Q1 2011 Q2 2010 Q2 2008 Q3 2010 Q2 2011 Q3 2010 Q3 2008 Q4 2010 Q3 2011 Q4 2010 Q4 2008 Q1 2011 Q4 2011 Q1 2011 Q1 2009 Q2 2011 Q1 2012 Q2 2011 Q2 2009 Q3 2011 Q2 2012 Q3 2011 Q3 2009 Q4 2011 Q3 2013 Q4 2011 Q4 2009 Q1 2012 Q4 2012 Q1 2012 Q1 2010 Q2 2012 Q1 2013 Q2 2012 Q2 2010 Q3 2013 Q2 2013 Q3 2013 Q3 2010 Q4 2012 Q3 2013 Q4 2012 Q4 2010 Q1 2013 Q4 2013 Q1 2013 Q1 2011 Q2 2013 Q2 2013 Q2 2011 Q3 2013 Q3 2013 Q3 2011 Q4 2013 Q4 2013 Q4 2011
Q3 2007
Q2 2007
Q1 2007
1,800,000 with a totalThe of 2.5 million sq. ft. of positive households in 2012,and for the fourth largest net gain of sectors are direct drivers. San Antonio industrial market 2013 nationwide. With population growth onofits5,601 with total of 2.5 sq.these ft.also ofleading positive netto benefit Sanmillion Antonio isreal expected fromoffice with a total of 2.5 million sq. ft. net ofaended positive net negotiable 1,600,000 $3 estate; and of shows that the countyhouseholds hadjob a net inflow and trade segments.” The majority in 2012, for the fourth largest n these leading sectors are direct office drivers. Historical Vacancy nationwide. With population and job growth on its San Antonio is also expected to benefit from absorption. Although space has remained tight, side, San Antonio is likely to see much of the same energy driven jobs directly related to the Eagle 1,400,000 with a total of 2.5 million sq. ft. of positive net user. These absorption. Although space has remained tight, absorption. Although space has remained tight, households for the fourth largest net gainand job of these leading sectors directisoffice drivers. to1,200,000 With population growth San are Antonio also expected benefit from in 2012,nationwide. side,into San2014. Antonio is likely to see much of the same energy driven jobs directly related to the Eagle improvement Ford Shale. market ave with little speculative development having broke absorption. Although space has remained tight, with little speculative development having broke with little speculative development having broke nationwide. population and job growth San Antonio is also expected to benefit from side, San Antonio is likelyon to its see much of the energy driven jobs directly related to the EagleWith Source: CBRE Research, Q4 2013. FlexSource: / R&D Warehouse / 1,000,000 Distribution CBRE Research, Q4 2013. Source: CBRE Research, Q4 2013. Flex R&D Warehouse / Distribution improvement into/ 2014. Ford Shale. Flex / R&D Warehouse / Distribution ground, the market has continued to attract users with little speculative development having broke 800,000 ground, the market has continued to attract users side, San Antonio is improvement likely to see much of the same driven jobs directly related to the Eagle ground, the market has continued to attract users energy INDUSTR into 2014. Ford Shale. Source: CBRE Research, Q4 2013. Flex / R&D / Distribution 600,000 Source: and CBRE Research, Q4 2013. Source: CBRE Research, Q4 2013.Warehouse of all kindsground, to all open and throughout the In Q4 201 the market continued to attract users Source: CBRE Research, Q4the 2013. of allthroughout kinds to open expand throughout improvement into 2014. © 2013, CBRE, Inc. Ford Shale. of kinds toexpand openhas and expand the 400,000 delivered i Source: CBRE Research, Q4 2013. Alamo City. ofAlamo all kinds to open and expand throughout the Alamo City. 200,000 © 2013, CBRE, Inc. City. other commercial projects in projects the area.in The San Antonio industrial experienced other commercial projectscenter in2013, the The San Antonio industrial market experienced is oa other commercial the area. The San Antonio market industrial market experienced © 0 Sq. Ft. Alamo City. 2008 2009 2010 2011 2012 2013 orders for nearly 1.3 million sq. ft. of positive net absorp40% 35% 30% 25% 20% 15%
commercial projectsPre-leased in the area. The San1.3 Antonio market1.3 experienced nearly million sq. ft. ofother positive net absorp© 2013, CBRE, Inc. 2 nearly millionindustrial sq. ft. of positive net absorpUnder Construction Delivered 3 ground thi On the other side of the city, in the Northwest tion for Q4 2013, bringing the year-end total to nearly 1.3 million sq. ft. of positive net absorpOn the other side of the city, in th tion for Q4 2013, bringing the year-end total to Source: CBRE Research, Q4 2013. On the other side of the city, in Northwest tion for Q4 2013, bringing the year-end total to new Class 2 0 •RThe E DSan N eAntonio w s . cmarket o m has been identified as • The San Antonio market has been identified as EXCERPTS FROM FOURTH QUARTER MARKETVIEW • The San Antonio market has been identified submarket, construction was completed on Glaz2.5 as milliontion sq. ft. 2013 has proven to be one of On the other side of the city, in the Northwest for Q4 2013, bringing the year-end total to submarket, construction was com 2.5 million sq. ft. 2013 has proven to be one of I-35 and L submarket, construction was completed on Glaz2.5 million sq. ft. 2013 has proven to be one of an “Enterprising City” by themarket U.S. by Chamber of • The San Antonio has identified an “Enterprising City” 2.5 by the U.S.forChamber of hasmarket expected t an “Enterprising City” thebeen U.S. Chamber of er’s Inc. distribution center. The new $30 million theas strongest years the industrial since submarket, construction was completed on Glazmillion sq. ft. 2013 proven to be one of er’s Inc. distribution center. The ne the strongest years for the industrial market since center. The new $30 million CBRE Inc. Research,distribution Q4 2013. the strongest years for the industrial market since Source:er’s Commerce. an “Enterprising City” by the U.S. Chamber of While a healthy market should ease the Commerce. Commerce. facility, located at 102 S. Callaghan near Loop 2007. er’s Inc. distribution center. The new $30 million the strongest years for the industrial market since facility, located at 102 S. Callagh 2007. While a healthy market should ease the facility, located at 102 S. Callaghan near Loop 2007. While a healthy market should ease the 10%
CBD
North Central
Northeast
Q4 2010
Q3 2010
Q2 2010
Q1 2010
Q4 2009
Q3 2009
Q2 2009
Q1 2009
Q4 2008
Q3 2008
Q2 2008
Q1 2008
Q4 2007
Q3 2007
Q2 2007
0%
Q1 2007
5%
Northwest