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 sector), 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 report include: Nexus Enterprises is working on the interior finish out of their facility. When complete, the company will occupy 36,450 square feet of new office space at 5600 Schertz Parkway. Project Schertz 312’s infrastructure has reached substantial completion, with all paving in place. The first phase of this Project opens 171 acres for future development.
Schertz’ Industrial Average Asking Price for the quarter is approximately 1.9% lower than last quarter ($5.49 versus $5.59 per square foot per year). The Average Asking Price for the current quarter matches that of the same period last year ($5.49 versus $5.49). This quarter’s Net Absorption of 35,200 sf is due to Frank Supply, an existing Schertz company, occupying 1012 Assembly Circle.
Multiple commercial industrial projects remain in process, including Tri County Crossing Buildings 3 and 4 as well as Enterprise Buildings 4 and 6. All four of these buildings are under construction and will add an additional 641,690 square feet of industrial commercial space to the Schertz market when completed.
The number of new residential building permits issued during the quarter is up 32.7% from the same period last year.
