• The San Antonio industrial market closed the year on a new high, with over 1.1 million sq. ft. of quarterly net absorption and over 4.1 million sq. ft of net absorption in 2021.
  • An influx of new activity from third-party logistics companies and last mile distributors caused market-wide vacancy to dwindle substantially by two percentage points quarter-over-quarter and five percentage points year-over-year.
  • Market-wide availabilities also shrunk 6 percentage points year-over-year from 16.2% in Q4 2020 to 10.2% in Q4 2021.
  • Construction remained robust with 24 projects totaling over 8.1 million sq. ft. currently underway. Of the construction underway, approximately 61.7% is pre-leased.