Lone Star State's CRE Sales Shot Up in 2010

Things are looking up for San Antonio’s commercial real estate market, as sales in the area increased from $371 million in 2009 to $732 million in 2010, according to a recent report from commercial real estate listing service LoopNet Inc. The last quarter of 2010 shows the most significant change compared to the earlier quarters last year.

Retail property sales last year in that city went from $17 per square foot in 2009 to $99 per square foot in 2010--an increase of 500 percent. Sales for office space also increased to $256 million last year from $53 million in 2009. But, Northern San Antonio is still struggling with the economic crisis, which could stifle the continuous growth in sales. Migration in the area hurt the market, according to commercial real estate management and brokerage company DH Realty Partners Commercial Properties.