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The San Antonio industrial market continued its strong performance, with a current citywide vacancy rate of 6.5%.

Year-to-date, San Antonio’s industrial market leasing volume has posted 109 deals totaling more than 1.1 million sq. ft., with the average deal size 9,800 sq. ft.

Close to 555,000 sq. ft. has come online in 2017, with 20% preleased.

The construction pipeline is at 800,000 sq. ft., all scheduled to deliver in 2017, with 30% preleased.

A large project currently underway is Building 3 of Cornerstone Industrial Park located in the Northeast submarket at the intersection of IH-10 East and Loop 410 South. The distribution building is 144,137 sq. ft. and scheduled to deliver in June 2017. Upon completion, the industrial park will contain up to a total of 25 buildings containing more than 4 million sq. ft.

The San Antonio Business Journal recently announced the finalists in the development and transaction categories of this year’s Best in Commercial Real Estate Awards. In the industrial transaction category, Coastal Life Technologies and Conn’s were both selected. The winners will be named during an awards presentation in June.

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