San Antonio Office Figures Q1 2023
April 11, 2023 5 Minute Read
- Vacancy increased 140 basis points (bps) from 17.1% in Q4 2022 to 18.5%.
- Despite an uptick in vacancy, overall asking rents remained competitive, growing $0.52 quarter-over-quarter.
- New construction flattened with only five buildings totaling 286,265 sq. ft. underway.
Deliveries ramped up, with two buildings totaling more than 546,000 sq. ft., completing this quarter.