San Antonio commercial 
real estate

The Raub Blog


The retail sector is improving…

by admin on July 6, 2012

While San Antonio’s retail real estate industry is still feeling the pinch from the country’s larger economic downturn, there are some signs that the market is on the road to recovery.

After several years of little activity on the development front, larger retailers are starting to turn dirt once again, according to the second quarter analysis by Marcus & Millichap Real Estate Investment Services .

The most active projects are those involving necessity-based tenants — namely grocery stores, states Marcus & Millichap. Case in point is the new H-E-B Plus! that recently opened for business at Bandera Road and Loop 1604 on the city’s Northwest Side. At 182,000 square feet, it is the largest store for the locally based chain.

Over the past couple of years, many would-be investors opted to err on the side of caution. But money is starting to come back into the market, Marcus & Millichap reports. The multitenant market, in particular, is seeing investor interest. Right now, it is the smaller centers with one or two national credit tenants that are garnering a lot of attention. But as the year progresses, the larger, older centers that also have some credit tenants will start seeing investor interest as well, Marcus & Millichap reports.

Read More

Leave a Comment

Previous post:

Next post: