• The San Antonio medical office building (MOB) market remained strong, with over 60,500 sq. ft. of positive net absorption in Q4 2020.

  • The bulk of positive absorption occurred in the Guadalupe County, Far West/Westover Hills, and the Northeast submarkets.

  • Five projects totaling over 105,000 sq. ft. delivered in Q4 2020. The San Antonio MOB market is seeing a flight to quality with new construction triple net (NNN) rental rates ranging from $22.00 per sq. ft. to $27.00 per sq. ft.

  • New construction, along with robust market movement, caused average asking rates to grow $0.74 per sq. ft. quarter-over-quarter.