San Antonio Office Figures Q4 2023

January 16, 2024 5 Minute Read

Looking for a PDF of this content?

  • The end of the second half of 2023 experienced a slowdown, as over 41,000 sq. ft. of negative net absorption was recorded.

  • Though negative net absorption was recorded market-wide, activity in the Midtown and North Central submarkets remained robust with nearly 100,000 sq. ft. of combined positive net demand in Q4 2023.

  • One 74,265-sq.-ft. construction project was delivered in Q4 2023, with no new groundbreakings.

  • Overall asking rents dipped slightly by $0.08 per sq. ft. compared to the previous quarter.