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
Highlights in Q2 include the completion of Enterprise Industrial Park’s Building 4 and Building 6 lease to RH (Restoration Hardware) and Farmers Coffee Co. Together these companies absorbed approximately 83,000 square feet. Building 3 leased to an undisclosed company totaling 95,931 square feet of space absorbed. Multiple commercial industrial projects remain in process, including Four Oaks Industrial Park on Four Oaks Ln. next to the Walmart, and Tri County Crossing Park, where Tri County Crossing Building 5 and 6 along Lookout Rd. Both projects bring an additional 398,344 square feet of industrial commercial space to the Schertz market when completed.
Schertz’ Industrial Average Asking Price for the quarter remains the same as Q1 at $5.46. Overall, the Average Asking Price is .01% lower when compared to the same period last year ($5.46 versus $5.49).
This quarter’s Net Absorption of 178K square feet is due to (a) 178,000 square feet of space being occupied in Enterprise Building 5 & 6 on 17745 Lookout Road.
The number of new residential building permits issued by the City of Schertz/ Building Inspections Division is 32% higher than those issued during the same period last year.
