• 2018 closed on a positive note for the retail market with over 178,000 sq. ft. absorbed in the fourth quarter, pushing year-end absorption to 688,280 sq. ft. total.

 

  • Despite a number of big-box retailers announcing nationwide store closures in 2018, the San Antonio market stood strong with occupancy rates remaining above 95% at the close of the year.

 

  • The construction pipeline tightened at the close of the 2018 with ten projects totaling over 323,000 sq. ft. delivering in the fourth quarter, leaving 1.6 million sq. ft. currently underway.

 

  • With new construction underway and occupancy rates reaching near the one-hundred percent mark, rents are expected to increment at a healthy pace into 2019.