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San Antonio, TX

Apartment
Rent gains slowed sharply in the 178,311-unit San Antonio apartment market as the first quarter 2019 vacancy rate fell 20 basis points to 5.7%, still up 10 from a year earlier. Both the average asking rent and the average effective rent edged up just 0.1% during the first quarter, to $944 and $894 per month. The year-over-year gains slowed to 2.9% asking and 2.3% effective. VIEW APARTMENT LISTINGS >
Industrial
San AntonioÂ’s 43.4-million-square-foot warehouse/distribution space market first quarter 2019 vacancy rate is 11.7%, up 80 basis points over the quarter and up 210 from a year earlier. Rents froze, with the average asking rent up just a penny to $5.41 psf and the average effective rent unchanged at $5.04 psf. Rents had risen by 2.3% and 2.0%, respectively, in 2018. The 9.1-million-square-foot San Antonio Flex/R&D market vacancy rate decreased 110 basis points over the first quarter of 2019, but it is still up 160 year-over-year. The average asking rent increased just a penny during the quarter to $8.87 psf, but the average effective rent rose 0.4% to $8.18 psf. The year-over-year gains are 1.7% and 1.9%, respectively. VIEW INDUSTRIAL LISTINGS >
Office
San AntonioÂ’s 30.3-million-square-foot general purpose, multi-tenant office market got a little weaker in the first quarter of 2019. The vacancy rate increased 30 basis points over the quarter, but it remains down 90 year-over-year. Rent gains also stalled in the first quarter, with the average asking rent up just 0.1% to $22.24 psf and the average effective rent up just 0.2% to $17.93 psf. The year-over-year gains were 1.2% and 1.4%, respectively. VIEW OFFICE LISTINGS >
Retail
The 30-million-square-foot San Antonio community-neighborhood shopping center market had a first quarter 2019 vacancy rate of 8.9%, up 20 basis points over the quarter. The rate is down 10 basis points year-over-year. Average rents increased 0.9% by both measures in the first quarter of 2019, to $16.73 psf asking and $14.92 psf effective. The year-over-year gains are 1.8% and 1.7%, respectively. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, inc.

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