The San Antonio retail market took a slight hit this quarter with (16,043) sq. ft. of net absorption.
While absorption was negative, the market-wide occupancy rate remained unchanged quarter-over-quarter at 93.8%.
Construction starts and completions ramped up in Q1 2021 with seven projects delivering and 21 projects currently underway.
At the close of the first quarter over a quarter of Americans have received at least one dose of the vaccine. The rate of daily vaccinations has accelerated to 2.5 million, making societal and economic normalization possible by mid-year.