The San Antonio-New Braunfels retail market experienced another healthy quarter with vacancy rates remaining low and over 336,000 sq. ft. of positive gross absorption across the market.
Construction remained strong with nearly 1 million sq. ft. of retail product underway.
Four buildings totaling over 113,000 sq. ft. delivered in Q3 2021.
The unemployment rate fell from 6.6% in January 2021 to 5.4% in July 2021. While the unemployment rate is nearly double what it was in mid-2019, it has already dwindled 3.9 percentage points from Q3 2020, showing signs that the market is bouncing back to pre-pandemic levels.