San Antonio office occupancy up, absorption positive in 2018

​​SAN ANTONIO – Strong office market movement ended the fourth quarter on a healthy note, ending the year with a positive net absorption of 322,500 sf, despite a negative first quarter, according to ​CBRE's 4Q 2018 San Antonio Office MarketView report.

Market-wide vacancy rates fell 90 basis points quarter over quarter to 14 percent. 

In just 12 months, the local office market vacancy rate has seen a decrease of 180 bps from 15.8 percent in first quarter 2018.

The construction pipeline slowed down last quarter, but over 1.36 million sf remain underway with nearly 700,000 sf already preleased.