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San Antonio Office Figures Q2 2023
July 11, 2023 5 Minute Read
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- Vacancy decreased slightly by 10 basis points (bps) from 18.5% in Q1 2023 to 18.4%.
- New construction slowed down with zero deliveries and only one 22,000-sq.-ft. building added to the development pipeline this quarter.
- Market wide sublease availability increased slightly by roughly 36,000 sq. ft. quarter-over-quarter to 917,000 sq. ft.
- With limited new supply additions and a lack of available top-tier space across the market, average gross asking rents dipped $0.52 quarter-over-quarter.