Quarterly Report Overview
Every quarter, the Schertz Economic Development Corporation produces a Quarterly Report, highlighting the Schertz real estate market and ongoing Projects. Be sure to follow us on Twitter to stay up-to-date on Schertz economic development.
Our latest Quarterly Report includes an analysis of the Schertz and San Antonio real estate landscape (focusing on the industrial, retail, and office sectors), details on notable Projects, a development update that maps out current development across the city, and a breakdown of available Class A industrial properties and development ready sites.
Executive Summary
Highlights from the previous quarter include: Weiderstein Ranch 1’s anchor tenant, EVO Entertainment, completed their 73,000 square foot facility and held their grand opening on March 7. For the Schertz 125 & Lookout Road Intersection Project, the contractor Yantis, has started construction on the intersection and bridge structure. This Project will connect Schertz Parkway to the Enterprise Industrial Park and improve traffic throughout the area.
Schertz’ Industrial Average Asking Price for the quarter is approximately 2% higher than last quarter and is growing after a 9% dip from the end of FY2018 to Q1 2019. Overall, the Average Asking Price for the previous four quarters is 6.2% lower when viewed year over year. Schertz’ office inventory has a 0% vacancy rate. The currently under construction Schertz Business Park at 1996 Schertz Parkway will introduce new office space to the market, although much of the available square footage has already been leased. The number of new residential building permits issued during the quarter was down 32.7% from the same period last year.
