San Antonio Commercial Real Estate
San Antonio commercial real estate is in the midst of one of the longest sustained growth cycles in the city’s history. This cycle is a well-balanced one since new construction – for the most part - has been well-planned to equalize with demand. Construction costs, however, are steadily on the rise, and as a result upward pressure on overall commercial space rental costs continue.
Mixed-use projects, combining retail and residential and/or office space, recognized by developers as the most cost effective use of construction dollars, continue unabated in San Antonio, and have proven hugely popular with developers, renters and investors.
A prime example of developments of this type is the current ongoing expansion of The Shops at La Cantera. The expansion will include additional retail space for shops and restaurants, and approximately 40,000 square feet of new office space.
Although analysts claim that continued new retail space development in San Antonio – unanchored strip centers, in particular - may possibly overtake demand, the city’s office space market remains vibrant and healthy.
New construction, as well as renovation and expansion of existing properties such as shopping centers, hotel/motel, office, senior, residential and multifamily housing communities, health care property, warehouse and industrial complexes continue to accelerate.
VIP Realty is the agency best suited to help you attain your San Antonio commercial real estate goals. We can be your most valuable asset in purchase or long-term lease negotiation, property location and assessment, and much more. Contact VIP Realty today for a no-obligation consultation.
San Antonio Office Space
A vigorous economy has directly propelled an increase in the demand for San Antonio office space, both by new arrivals and by companies undergoing expansion. Interestingly enough, a niche market catering to the rapidly growing need for medical office space is apparently developing in direct response to the baby boomer population. The primary demand for this space is in the area of major hospitals such as Stone Oak, the South Texas Medical Center, etc.
Rental costs for San Antonio office space vary widely, dependent on many factors. Office suites, where everything from secretarial service to furniture is part of the rental package, or large vacant spaces in which the lease may include build-out and/or sub-lease allowances obviously would differ widely in monthly expenses. A knowledgeable commercial real estate agency such as VIP Realty offers the expertise you need to find the San Antonio office space that best suits your needs. Call VIP Realty today to learn more.
San Antonio Industrial and Warehouse Space
The continuously fast-growing San Antonio industrial space and warehouse marketplace, propelled by favorable economic conditions, continues a vigorous growth in 2008, a growth which year after year, since 2005, has reached highs in terms of new construction.
Currently, San Antonio industrial and warehouse space inventory is at a new high of some 25 million square feet, boosted considerably by the construction of the Toyota Manufacturing plant in 2005. More than 968,000 square feet of industrial space was added in 2007 alone, with expansions and continued interest in San Antonio’s location by outside business sources more than likely to set new highs in 2008.