RENTS/LEASES

↑ Office:

• Asking: $17.89 per square foot
• Effective: $15.14 per square foot

↑ Retail:

• Asking: $14.32 per square foot
• Effective: $12.79 per square foot

↑ Apartment:

• Asking: $660 per unit
• Effective: $620 per unit

↑ Industrial: $5.43 per square foot

VACANCY

↓ Office: 14.8 percent

↓ Retail: 9.7 percent

↓ Apartment: 7.4 percent

↓ Industrial: 13.3 percent

ABSORPTION

↑ Net office: 692,882 square feet

↑ Net retail: 384,419 square feet

↑ Net industrial: 1.1 million square feet

UNDER CONSTRUCTION

↓ Office: 27,000 square feet

↓ Retail: 202,000 square feet

↓ Apartment: 2,818 units

↓ Industrial: 501,000 square feet

RÉSUMÉ

• Largest private employers: United Services Automobile Association (USAA), H.E. Butt (H-E-B) Grocery Co., Methodist Healthcare System, AT&T and Baptist Health System
• Health-care and bioscience industry is city's top economic generator, accounting for nearly 15 percent of total employment
• Most visited city in Texas
• 4th-largest "emerging hub for creative talent" (Fast Company)

Sources: Reis Inc., REOC Partners Limited, U.S. Census Bureau, U.S. Department of Labor

Melinda Young is an associate editor at Scotsman Guide. Reach her at (800) 297-6061 or melinda@scotsmanguide.com.

Page: 1 2 Previous