San Antonio Commercial Real Estate Market Report
San Antonio shows a mixed commercial real estate picture. Office vacancy remains below many peer markets, retail fundamentals are supported by resilient demand and population growth, while industrial and multifamily continue to work through recent supply additions.
Q2 2026 | Report source date: May 11, 2026
San Antonio Commercial Real Estate Decision Snapshot
San Antonio shows a mixed commercial real estate picture. Office vacancy remains below many peer markets, retail fundamentals are supported by resilient demand and population growth, while industrial and multifamily continue to work through recent supply additions.
This Elementor-first report is structured as an advisory brief: market facts first, then practical implications for owners, tenants, retailers, and investors.
San Antonio Commercial Real Estate Sector Conditions
Office
562K SF delivered, 1M SF absorbed, 10.7% vacancy, 0.4% rent growth.
Steadier than many peers because construction is limited and demand is moderate.
Industrial
3.8M SF delivered, 2.3M SF absorbed, 10.4% vacancy, 1.2% rent growth.
Large deliveries have pushed vacancy near record highs, especially in bigger warehouse product.
Retail
1.4M SF delivered, 825K SF absorbed, 4.0% vacancy, 1.2% rent growth.
Low vacancy and positive absorption keep the retail conversation competitive.
Multifamily
6,769 units delivered, 3,311 units absorbed, 16.0% vacancy, -3.4% rent growth.
A record delivery wave is weighing on fundamentals, with relief likely tied to lower starts.
What This Means For San Antonio Commercial Real Estate Decisions
Turn The San Antonio Report Into A Property-Level Strategy.
Data is sourced from CoStar market reports and other market sources provided to Bisono Realty Advisors Group. Information should be independently verified before making leasing, acquisition, disposition, financing, or investment decisions. For broader Texas context, review the full BRAG market reports hub.