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Map Statistics
Class A Class B&C Overall
Inventory (sf) 14,870,976 35,645,044 50,516,020
Available Space (sf) 3,215,054 5,052,363 8,267,417
Availability % 20.5% 14.1% 16.0%
Total Rental Rate $25.64 $19.61 $21.91
San Antonio Market
Space Analysis
Availability & Rent Trends
About Us
Recent Notable Transactions
Tenant SF Address Market58,876 4511 Horizon Hill Blvd Northwest
30,511 15727 W IH-10 Northwest
23,728 8023 Vantage Dr Northwest
22,317 4500 Lockhill-Selma Rd Northwest
21,737 12672 Silicon Dr Northwest savills-studley.com/research
2.7MSFtotal square footage leased in the Market over the last four
quarters
4.34MSFsquare footage added to the
Market's office inventory since 2010
Becton Dickinson
Hulu
Methodist Health Care
Seno Medical Instruments
Mercury Insurance
Statistics compiled with the support of The CoStar Group and Real Capital Analytics. Copyright © 2017 Savills Studley
ContactsKeith DeCoster
Director of U.S. Real Estate Analytics
212.326.1023
Gerry Prager
Senior Vice President
212.588.3433
399 Park Avenue, 11th Floor, New York, NY 10022 212.326.1000
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real
real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 31 offices in the U.S. and Canada, and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service. The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 30,000 professionals and over 700 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).
The San Antonio office market ended Q3 2017 with an availability rate of
and is unchanged from the rate one year ago (16.0%). Class A properties reported an availability rate of 20.5% for the quarter, which decreased from the previous quarter (20.9%), but is unchanged from the rate of 20.5% twelve months ago. Combined leasing for the four most recent quarters (2.70 msf) was down relative to the prior four quarters of leasing (3.88 msf) and down compared to the long term annual average (3.38 msf).
Overall rental rates for the San Antonio office market ended the quarter
$21.50/sf and increased from last year's rate of $20.88/sf. Average
$25.06/sf ending the quarter at $25.64/sf. Class A rents for the market posted an increase relative to the same time last year ($24.17/sf).
$21.91
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($/sf/year) msfTotal Available SF Total Average Rate
3,017,627 37%
197,427 2%
4,897,174 59%
155,189 2%
A - Direct A - Sublet B&C - Direct B&C - Sublet
Market Snapshot2017 Q3San Antonio,Texas Office Market
San Antonio - Map
Class A Class B&C Overall
Inventory (sf) 12,677,221 36,844,429 49,521,650
Available Space (sf) 2,299,698 5,834,850 8,134,548
Availability % 18.1% 15.8% 16.4%
Total Rental Rate* $22.84 $18.58 $20.02
San Antonio - Space Analysis
San Antonio - Trends
Tenant Sq Feet Address Submarket401,516 1010 N Saint Marys St CBD
42,262 12449 Silicon Dr Northwest
41,143 84 NE Loop 410 North Central
38,237 5800 Northwest Pky Northwest
35,364 613 NW Loop 410 North Central savills-studley.com/research
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm's comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 25 offices in the U.S. and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service. The firm is part of London-headquarted Savills plc, the premier global real estate service provider with over 27,000 professionals and over 600 locations around the world.
Contacts
Mitchell S. SteirChairman & [email protected]
Steve Coutts, SVP National [email protected] Mike Roessle, Mgr National Analytics [email protected]
399 Park Avenue, 11th Floor, New York, NY 10022 212.326.1000
Overall rental rates for the San Antonio office market ended the quarter averaging $20.02/sf, which increased from the previous quarter’s rate of $19.91/sf and increased from last year's rate of $19.52/sf. Average class A rents posted an increase from the previous quarter’s rate of $22.68/sf ending the quarter at $22.84/sf. Class A rents for the submarket posted an increase relative to the same time last year ($22.79/sf).
About Us
San Antonio - Statistics
San Antonio Market
*NOTE - Significant statistical fluctuations in rent may occur in submarkets with limited inventory and low vacancy
The San Antonio office market ended 2Q 2015 with an availability rate of 16.4%. The rate increased from the previous quarter’s rate of 15.8% and increased from the rate one year ago (16.0%). Class A properties reported an availability rate of 18.1% for the quarter, which increased from the previous quarter (17.7%), and increased from the rate of 17.3% twelve months ago. Leasing activity for the quarter (0.31 msf) was down from the previous quarter (0.42 msf) and down relative to leasing activity for the same period last year (1.27 msf).
Oracle America, Inc.
Recent Notable Transactions
AT&T
IBEX Global
Molina Healthcare of Texas, Inc.
WellMed Medical Management
$17.50
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7,200,000
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Available SF/Rent Trend (All Classes)Total Available SF Total Average Rate
2,154,711 26%
144,987 2%5,746,662
71%
88,188 1%
A - Direct A - Sublet B&C - Direct B&C - Sublet
San Antonio Snapshot
San Antonio - Map
Class A Class B&C Overall
Inventory (sf) 11,908,348 37,375,151 49,283,499
Available Space (sf) 2,079,786 5,727,340 7,807,126
Availability % 17.5% 15.3% 15.8%
Total Rental Rate* $23.38 $18.40 $19.80
San Antonio - Space Analysis
San Antonio - Trends
Tenant Sq Feet Address Submarket129,015 15827 La Cantera Pky Northwest
97,200 610 Lanark Dr Northeast
60,000 5303-5305 Distribution Dr Northeast
52,800 4990 Eisenhauer Rd Northeast
50,000 7625 N Loop 1604 E Northeast savills-studley.com/research
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm's comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 25 offices in the U.S. and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service. The firm is part of London-headquarted Savills plc, the premier global real estate service provider with over 27,000 professionals and over 600 locations around the world.
Contacts
Mitchell S. SteirChairman & [email protected]
Steve Coutts, SVP National [email protected] Mike Roessle, Mgr National Analytics [email protected]
399 Park Avenue, 11th Floor, New York, NY 10022 212.326.1000
Overall rental rates for the San Antonio office market ended the quarter averaging $19.80/sf, which increased from the previous quarter’s rate of $19.58/sf and increased from last year's rate of $19.48/sf. Average class A rents posted an increase from the previous quarter’s rate of $23.30/sf ending the quarter at $23.38/sf. Class A rents for the submarket posted an increase relative to the same time last year ($23.36/sf).
About Us
San Antonio - Statistics
San Antonio Market
*NOTE - Significant statistical fluctuations in rent may occur in submarkets with limited inventory and low vacancy
The San Antonio office market ended 1Q 2015 with an availability rate of 15.8%. The rate decreased from the previous quarter’s rate of 16.3% and decreased from the rate one year ago (16.7%). Class A properties reported an availability rate of 17.5% for the quarter, which increased from the previous quarter (17.3%), but decreased from the rate of 17.7% twelve months ago. Leasing activity for the quarter (0.36 msf) was down from the previous quarter (0.74 msf) and down relative to leasing activity for the same period last year (0.86 msf).
Cavender Cadillac
Recent Notable Transactions
Harland Clarke Corp
Chalk Mountain Services of Texas
DPT Laboratories, Ltd.
Millenium Distribution LLC
$17.50
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Available SF/Rent Trend (All Classes)Total Available SF Total Average Rate
1,945,763 25%
134,023 2%5,588,395
71%
138,945 2%
A - Direct A - Sublet B&C - Direct B&C - Sublet
San Antonio Snapshot
savills-studley.com
