• The San Antonio retail market net absorption was just shy of negative 195,000 sq. ft. in Q1 2020.

  • Prior to the COVID-19 outbreak, local employment showed robust growth in January, with a staggering 6.4% year-over-year increase in the leisure and hospitality sector, according to the Bureau of Labor Statistics (BLS).

  • The Dallas Fed reported a February unemployment rate of 3.0%. This is 50 basis points below both the state and national rate.

  • Five projects, totaling over 117,000 sq. ft., reached completion in Q1 2020. Another 38 developments, amounting to nearly 1.0 million sq. ft., remain underway.