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’s economic development.
Our latest Quarterly Report includes an analysis of the Schertz and San Antonio real estate landscape (focusing on the industrial sector), notable market activity and projects, current developments, and a breakdown of available Class A industrial properties and development-ready sites.
Executive Summary
Enterprise Industrial Park’s completed Building 4 and Building 6. Together these buildings bring approximately 437,688 newly added square feet. Across from the Enterprise Industrial Park on Lookout Rd. is Tri-County Crossing Park, where Tri-County Crossing Building 3 and 4 were completed at the end of the quarter, bringing an additional 203,402 square feet online..
Schertz’s Industrial Average Asking Price for the quarter is approximately 5.8% lower than last quarter ($5.46 versus $5.78 per square foot per year). Overall, the Average Asking Price is 2.3% lower when compared to the same period last year ($5.46 versus $5.59). This quarter’s Net Absorption of 473K square feet is due to (a) 87,637 square feet of space being occupied in Tri-County Crossing Building 3 on 17750 Lookout Road, (b) approximately 385,986 square feet taken offline at the former GE Oil and Gas Building (1150 Schwab Rd.)
