San Antonio Industrial Figures Q4 2023

January 16, 2024 5 Minute Read

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  • Vacancy rose to 7.5% at the close of Q4 but remained below pre-pandemic averages, following a record low of 3.6% one year prior.
  • Deliveries were the second highest on record for the market in 2023, with nearly 8.1 million sq. ft. completed market-wide in the calendar year and 2.7 million sq. ft. delivered in Q4.
  • San Antonio’s construction pipeline comprises 3.0 million sq. ft., all of which is slated for delivery in 2024.
  • 24.6% of product underway was pre-leased at the close of Q4 2023.