Commercial re presentation susie wallis

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Commercial Forecast for 2014

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WHERE ARE WE HEADED?????

•Multi-Family

•Office

•Retail

•Industrial

MULTI-FAMILY 7.3% Vacancy Rate

$0.97 psf Rents

Demand

Absorption (4168 units)

Occupancy (-0.46%)

Rental Rates (3%)

Fairdale

Apartments-

202 units

Oakdell Way

Townhomes-

100 units

Carrington

Place-172

units

Portfino

Apartments-

272 units

17 properties

1135 units

• Peanut Factory Lofts S. Frio 90 units

• Elan Riverwalk Cesar Chavez 350 units

• Big Tex Blue Star 320 units

• Urban Crest Harry Wurzbach 208 units

• Park at West Ave West Ave 360 units

• Brackenridge @ Midtown 282 units

• Legacy Brooks Pickwell 412 units

Office 18.8% Vacancy Rate

$19.59 psf Rents

Demand

Absorption (334,080 sft)

Occupancy (2.1%)

Rental Rates (1.8%)

Spectrum

Building

(173,818 sq ft)

Buyer: Pace

Properties

One Riverwalk

(261,431 sq ft)

Buyer: US Real

Estate LP

Northwest

Center

(241,405 sq ft)

Buyer:

Westdale

Capital

Eilan

(205,251 sq

ft)

Buyer: Lone

Star Funds

816 Cameron

109,606 sf 8122 Datapoint

190,819 sf

Fourwinds Dr

80,536 sf Tesoro Dr

234,288 sf

• 87,000 sft Scooter Store

• 42,293 sft IBC Centre I

• 35,644 sft Brooks City Base

• 35,603 sft Bakery on Broadway

• 38,385 sft Fountainhead Tower

Lockhill Crossing

25,325 sf

Westridge One at La Cantera

128,700 sf

RETAIL 10.7 % Vacancy

$16.23 psf NNN Rent

Demand

Absorption (263,583 sft)

Occupancy (1.1%)

Rental Rates (2.8%)

San Pedro

Crossing

(207,120 ft)

Buyer: ARC

SP San TX

Stone

Ridge

Market

(218,436sf)

Buyer:

Inland

American

Camelot Plaza

(91,267 sf)

Buyer: LG

Acquisitions

LLC

Culebra

Market

(38812 sf)

Buyer:

USAA

9200 Broadway

60,000 sft

Dezavala Oaks

21,908 sft

54,318 sft Former Target

48,633 sft Westover Mktplc

38,597 sft Former Mervyns

32,000 sft DeZavala Crossing

27,356 sft Westlakes Village

Industrial 7.3% Vacancy Rate

$7.54 psf Rents

Demand

Absorption (1.15 mil sft)

Occupancy (3.3%)

Rental Rates (4.7%)

Rittiman

Industrial Park

(1.2 mil sq ft)

Buyers: Atlas

9707 Broadway

(107,133 sq ft)

Buyer: Elliott

Partners

Park Central Corp Center

(98,560 sq ft)

Buyers: CA Real Property Inc.

AT&T Pkwy 135,600 sft

Coca Cola Place 110,000 sft

Levi Strauss Plant

200,000 sft

Stout Dr, 171,856 sft

• 128,354 sf UPTC III & IV

• 120,041 sf 19500 Bulverde

64,800 sf Lanark DC

50,372 sf Alamo Downs DC

• 120,760 sf 655 Richlands Hills

• 89,600 sf Port San Antonio

• 55,025 sf Tri-County DC 3

Glazer’s

518,000 sft

Holt Cat

40,000 sft

JoAnne Skyonic

$126 mil.

chemical

facility

Mission Rail Park

1000+ acres

So, where are we headed???

Heading towards a BOOM!!!!!

Recession

2007

Boom Market

Over-Building Saturated

Market

Occupancy

Decreases

Rent

Reductions

Occupancy

Increases

Rising Rent

& Values

Boom Market Extensive

Construction

Replacement Cost

Active Construction Multi-Family

Industrial

Office

Retail

San Antonio CRE Market