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The Raub Blog

San Antonio’s Commercial Real Estate Market Churns Despite Downturn

by admin on December 11, 2010

excerpt   by Stephen A. Raub, CCIM, President, Investment Realty Company, L.C.

• We have seen a dramatic increase in the inquiries and the demand for restaurant space and restaurant/bar venues. Additionally bakeries, especially cupcake and specialty bakeries, are on the upswing. Much of this is the result of an influx of Mexican Nationals seeking to open businesses in the United States, as well as, professionals that have been laid off and are now seeking to try an entrepreneurial route.

• Most are seeking to lease and truly prefer to lease space that has restaurant finish out and equipment in place. If they can not find this scenario in the area of their choice, they are willing to invest their own dollars to build out a space.

• High quality retail space is now at a premium, while the space that is more appealing to local tenants has relatively high vacancy rates. Large blocks of Class A office space are becoming scarce, but Class B and Class C space tends to have higher vacancy rates. In apartments, Class C communities are struggling while the Class A has occupancy levels as high as 95 percent and rent increases are possible. All in all – good quality sells the best.
Read more: San Antonio’s commercial real estate market churns despite downturn | San Antonio Business Journal

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