Construction numbers are going down and demand is going up — two factors that should make for a stronger apartment market over the second half of 2010, according to the latest analysis by Marcus & Millichap Real Estate Services. Of the 2,680 apartment units slated to be added to the local multifamily real estate sector […]
Commercial Real Estate Sectors, hurt by weak job growth, are offering incentives in many areas that are conducive to business expansion, according to The National Association Of Realtors. Lawrence Yun, NAR Chief Economist, said fallout from the Recession continues to impact Commercial Real Estate. “Vacancy rates are beginning to level off in some sectors, but […]
Loop Net reports that in Q2, overall sales above $2.5-million in San Antonio decreased 62% compared to the prior year. Over the last 12 months, the price per square foot for office property is down 4%, multifamily is up 25%, and retail is down 84%.
San Antonio raced past the norm in the U.S. Bureau of Economic Analysis’ 2009 report on personal income, increasing by 0.8 percent, a small but important amount. “San Antonio is less cyclical than most cities,” said Keith Phillips, senior economist with the Federal Reserve Bank of Dallas in San Antonio. “It’s not hit as hard […]
As one might expect with uncertainty, especially the uncertainty surrounding Health Care, Medical Office overall vacancy rate increased and the leasing activity slowed in the 2nd quarter of 2010, as people are sidelined, waiting for what exactly will happen in this industry. In spite of this, Healthcare and Bioscience, is a true bright spot in […]
Texans are “lucky puppies” thanks to the relative strength of the state’s economy, but regulatory uncertainty is threatening the national recovery, Federal Reserve Bank of Dallas President Richard Fisher said Thursday. In Texas, weak spots such as commercial real estate remain, and recent Dallas Fed surveys of manufacturers have yielded disappointing results. But job creation […]
Today’s San Antonio Express News reports that “after a slow start, San Antonio employers this year should hire for all the jobs lost in 2009.” Growth in the first half of the year was slower than expected but should pickup in the second half. For the year, S.A. should see a 2% increase in job […]
According to a survey of more than 30.6 million sf of industrial space conducted by NAI REOC San Antonio, Second quarter activity softened the citywide vacancy rate to 13.1 percent versus 12.7 percent last quarter, while the average quoted triple net rental rate for all property types combined remained flat at $5.57 per sf per […]
“Uncertainty” is our word for the day. It applies to predictions of future events and the unknown. Uncertainty is distinctly different from the familiar term “risk” which is a measurable uncertainty. Uncertainty is immeasurable. Risk, in the financial arena, is quantifiable. It is incorporated into interest rates, discount rates, insurance premiums, capitalization rates and the […]
More positive results for our clients- Investment Realty Company, L.C.’s Broker, Joanne V. Mirelez assisted in the negotiation and successful placement of Dr. W. White in Stone Oak Physician’s Plaza One.