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, continued construction on their 73,000 square foot facility and is planning to open February 2019. For the Schertz 125 & Lookout Road Intersection Project, the contractor has been awarded and construction is expected to start in February and take approximately 6 months to complete depending on weather.
Schertz’ Industrial Average Asking Price for the quarter is approximately 9% lower than last quarter and is the lowest it has been since Q1 2017. The Average Asking Price has been growing since Q2 2016, but began to decrease in Q4 2018. Industrial Quarterly Absorption is largely due to two lease renewals at 6601 Guada Coma. Schertz’ office inventory has remained flat with the last delivery greater than 5,000 sf occurring Q1 2018. Download the SEDC Quarterly Report for additional information.
