San antonio multifamily market report 2021. e market rent figures.

San antonio multifamily market report 2021. San Antonio’s multifamily market remains under pressure in the near term due to elevated supply levels and muted rent growth, but signs of stabilization are beginning to emerge Jul 27, 2025 · Get the latest on San Antonio’s real estate market for June 2025. Construction increased slightly from 18,253 units in Q2 2023 and increased 7% from 17,031 units in Q3 2022. This trend has amplified growth in San Antonio’s northern suburbs. While rent growth rebounded on a trailing three-month basis, up 0. 4 percent, the highest annual growth rate on record. 5% since 2022, while its rival markets DEMAND: SAN ANTONIO OFF TO A STRONG START IN 2025 San Antonio started 2025 in a very positive way, as decreases in vacancy coupled with increases in absorption position the market for its best year since 2021. Absorption reached nearly 140,000 units in the second quarter, marking the fourth-highest figure since 2000, surpassed only by the first three quarters of 2021. e market rent figures. San Antonio’s 5% year-over-year rent growth is a function of strong market fundamentals. 1% to $1,254 in March, it was still down on a yearly basis. DELIVERIES & ABSORPTION San Antonio multifamily builders added nearly 9,020 units annually through the second quarter of 2024. Counties With Highest Population Growth in the Nation – Texas is home to six of the top ten highest-growth counties in the country, with three in the Houston area, two in Dallas-Fort Worth and one in San Antonio. Multifamily real estate investing. Rents remained flat on a trailing three-month basis through March at $1,056, but demand stemming from strong inmigration pushed up the occupancy rate in stabilized properties by 40 basis points during Jan 27, 2025 · San Antonio Multifamily Market Report Key Highlights San Antonio is still experiencing population growth, with an uptick of 22,000 new residents in 2024. . multifamily market, the first time the market has experienced sequential declines in the vacancy rate since 2021. 1 percent on a Dec 28, 2023 · Explore San Antonio's 3Q23 Multifamily Market Insights highlighting Class A sales surge and market trends. Nov 8, 2024 · Texas is home to eight of the nation’s 10 highest-growth counties, including three in the Houston MSA, three in Dallas-Fort Worth, one in San Antonio, and one in greater Austin. Produced by Jim Richards, Jim Kirkpatrick, Jesse Lillard and Bond Morris of CBRE, this report has been assembled to provide an overview of the Texas markets allowing multifamily professionals to better direct their efforts toward markets of interest. e. SAN ANTONIO; QUARTERLY San Antonio’s 14% year-over-year rent growth is a function of strong economic fundamentals, as the San Antonio market reached pre-pandemic rental rates prior to the end of 2020. multifamily vacancy rate declined, dropping by 10 basis points (bps) in the second quarter. The Central Texas Multifamily Real Estate Market Update is curated by Newmark to inform corporate real estate owners, occupiers and investors on the current state of the multifamily sector for Austin, San Antonio and surrounding cities. Jun 22, 2025 · San Antonio Multifamily Key Findings Rent growth and occupancy both increased quarter-over-quarter for the first time since 2022 in San Antonio’s multifamily market. In 2020, roughly 42,000 roles were cut and almost half were recovered in the first six months of this year. Will Multifamily Prices be Coming Down Soon? It seems evident that multifamily sales prices have reached their peak. The city’s multifamily market is poised for a positive Dec 30, 2021 · Uncover the San Antonio Q3 Multifamily Market. San Antonio Real Estate Market Update for March 2021. Undertaking this assessment was a key recommendation of the Mayor’s Housing Policy Task Force According to RentCafe’s Most Competitive Rental Markets in 2022 Report, apartments in San Antonio fill up within 33 days of becoming available, while the overall apartment market finds itself at about 95% occupancy. Feb 12, 2025 · The San Antonio market has been among the weakest performing MSAs in the nation over the past year, as a once hot apartment market has turned negative quickly. The San Antonio Board of REALTORS® releases monthly housing market statistics to include total sales, average sales price, and median sales price for all listings in the MLS. Renter demand outpaced new supply, driving the area vacancy rate lower and fueling rapid rent growth. Richard Matricaria Executive Vice $1,200 President Tel: (818) 212-2250 | rmatricaria@ipausa. Jan 29, 2024 · — The multifamily market in San Antonio, TX is expected to see a 270% increase in absorption growth in 2024, according to data from CoStar, highlighting the potential for strong market performance and presenting attractive opportunities for investors in the multifamily sector. San Antonio is on pace to have its best year of absorption since Overall, however, the San Antonio apartment market performed admirably. National San Antonio absorbed 1,967 units in Q2 2025, which measured above the 10-year average for Q2 of 1,790 units, marking the tenth straight quarter of positive demand, though gains were concentrated in a handful of key submarkets. 3% rent growth during the year. San Antonio continues to post steady increases in both population and employment. Key trends, sales data, & advice for buyers, sellers, and renters. Aug 23, 2021 · HOUSTON | DALLAS | AUSTIN | SAN ANTONIO D: 281. foxbusiness. Fully Affordable properties are not included in our rental surveys and are not reported in rental rate averages. 64% for a HUD loan, 5. Fortunately, demand has been exceptional but rent growth over the past year has been modest while vacancy rates have held relatively constant. Developers put the finishing touches Nov 25, 2022 · Robust Supply Outpaces Demand San Antonio’s economy recovered all jobs lost during the pandemic and entered expansion mode, but progression has slightly moderated, as some of the market’s main economic drivers tend to be slow-moving. The job market remains relatively strong, supported by growing life sciences and cybersecurity sectors, along with hiring in government and hospitality. All key indicators lag the national average and are also negative on both short and long-term bases. Rent growth saw meager gains, while occupancy rates continued their downward trend — albeit at a much slower pace than the prior year. In 2024, multifamily construction starts saw a steep decline, dropping from 9,500 units in 2023 to just under 1,900 units—the lowest level in a decade. , rent growth and higher occupancy). San Antonio proved resilient following the onset of the pandemic and the city’s multifamily market benefited from an influx of work-from-home employees. 6% in 2020, boosting rents further. Once you are logged in refresh this page. RENT & OCCUPANCY San Antonio is amid a period of recovery for both annual effective rent increases and occupancy after a market-record rent increase in the second quarter of 2022 shattered demand in the second part of the year. Vacancies drop to a four-year low, rents rise, and investment activity accelerates. This is positive news for owners, creating a competitive renter market with an estimated 12 prospective renters vying for every available unit. Multifamily Q4 2021 MARKET STATISTICS Source: ApartmentTrends. Sep 6, 2025 · 09/06/2025 in san-antonio, texas Apartment and multifamily loan rates from 5. 1% annual increase, compared to 1. 3 percent in 2022, the smallest annual expansion in more than a decade. This report for the San Antonio metro area covers Counties: Bexar, Comal and Guadalupe Rental rate coverage is for Market Rate properties only. The market recorded a YTD net absorption of 7,497 units, significantly surpassing the totals from all of 2023. Sales for multifamily properties started dropping in May 2022 due to increased interest rates according to the National Multifamily Housing Council. Barriers to homeownership continued to drive rental demand, as vacancy rates reached all-time lows. While property managers are struggling to lease up… San Antonio Multifamily Market Report – September 2023 The San Antonio market has been among the weakest performing MSAs in the nation over the past year, as a once hot apartment market has turned negative quickly. 3% from 2023 to 20241 Texas | Multifamily QUARTERLY REPORT | Q2 2023 Note: This report combines all four Texas multi-family locations—Houston, San Antonio, Austin, and Dallas-Fort Worth—into one convenient summary Multifamily segment records positive absorption for Q2 across each of the four major Texas metros. Nearly 14,800 of those units were delivered in the first half of 2024. The number of deals in the first quarter was down roughly 30 percent from the previous period, as elevated interest rates dragged on sales activity. Economic growth holds steady amid shifting affordability trends. 6 percent in the final three months of the year, bringing the total annual rent growth to 11. As one of the fastest growing subway in the United States, San Antonio, according to the US Census Bureau, laid more inhabitants to more inhabitants than any other city in 2023, demanded the demand for housing Apr 30, 2021 · After a period of soft market conditions due to new supply, San Antonio's rent growth and positive occupancy trends in 2020 made it one of the strongest-performing multifamily markets in Texas, says a The biggest wave of new apartment supply in decades will temper rent growth and improve affordability for renters in 2024. 0 percent in the metro. Nov 16, 2021 · The U. COVID-19 changed the world in early 2020 as eforts to curb the spread of the pandemic had a dramatic impact. Market Snapshot San Antonio remains one of the most desirable markets for both renters and investors due to its steady economic growth trajectory. Jun 16, 2025 · Occupancy Drops, Rents Improve San Antonio fundamentals were mixed at the end of 2025’s first quarter, as per the latest Yardi Matrix San Antonio multifamily market report. San Antonio Multifamily Market Overview San Antonio is one of the nation’s fastest-growing cities, with an annual growth rate of 1. Developers heavily targeted the New Braunfels The pandemic’s disruptions paired with substantial inventory expansion pressured San Antonio’s multifamily fundamentals at the start of 2021. Q4 2020 and 2021 Texas Multifamily Market Research for Dallas, Ft. Jul 19, 2023 · From Civic Park to Floodgate and The Rock, an update on the progress being made on major developments across San Antonio this year. OVERVIEW: San Antonio’s Job Growth Remains Strong expected slowdown in deliveries promises to bolster occupancy rates and stabilize market rent figures. Dec 2, 2021 · San Antonio Multifamily Report – Fall 2021 The city rebounded swiftly, with both transactions and occupancy improving significantly. Jun 10, 2024 · Fundamentals Oscillating In San Antonio San Antonio’s multifamily market was a mixed bag at the start of the second quarter, according to the latest Yardi Matrix San Antonio multifamily market report. The vacancy rate has inched higher, but the minimal increase in the second quarter was identical to modest rises recorded at the end of last year and at the beginning of 2020. 0% increase, to $1,755. This is more than double 2019, the previous record-holder, and a figure that would have seemed astronomical in years past. With delivery of 440,000 new units expected in 2024 and more than 900,000 currently under construction, the overall vacancy rate is expected to rise and rent growth to decelerate. In Q4 2024, the entire market had one 300-unit project break ground in a market with over 220,000 units. Jun 28, 2023 · Rents, Occupancy Follow Market Slowdown San Antonio multifamily market fundamentals began softening, especially in transaction and new construction volume. COVERAGE Yardi® Matrix reports on multi-family properties of 50+ units in size. Rent growth consistently declined throughout 2024, and noted -2. Meanwhile, the metro’s multifamily sector fared well overall, with rents up 0. The multifamily property market in San Antonio and Houston is navigating a dynamic shift in 2025. San Antonio’s apartment in-ventory is scheduled to grow by just 1. In the fourth quarter of 2024, San Antonio’s multifamily market continued its resilient run, as its large supply pipeline continued to deliver units. New multifamily properties in San Antonio are striving to attract tenants by emphasizing community, access to amenities, and proximity to mixed-use areas. rate posted a 1. DEMAND: SAN ANTONIO OFF TO A STRONG START IN 2025 San Antonio started 2025 in a very positive way, as decreases in vacancy coupled with increases in absorption position the market for its best year since 2021. Stay informed for strategic investments. The metro’s population increased by 1. Technological strengths across the energy Houston is well-positioned to become a national leader in tech innovation. Its population expanded by 1. Apr 14, 2021 · By Sean Sorrell, senior managing director, JLL Last year, San Antonio’s multifamily sector was one of the only markets nationally in which the 2020 absorption exceeded that of previous years Strong net in-migra-tion to Austin has benefited outer cities connecting the market to San Antonio as the metros become increasingly intertwined. Jun 29, 2021 · San Antonio Multifamily Report – Spring 2021 Pandemic-induced turbulence took its toll on the market, but occupancy and rent growth are showing promising signs. Looking for something more local? Get MarketBeat reports for over 70 locations across the U. An acceleration in the rate of hiring contributed to this decline. 2%, to $1,721. Despite rents dipping slightly to $1. San Antonio’s steady rental market will have ample opportunity to improve over the coming months thanks to the city’s expanding economy, the record 52% cost diference between buying and renting, and the thinning development pipeline that’s continuing to deliver units without more product filling the void behind it. Absorption numbers remain strong amidst job growth as San Antonio continues to lead the nation in domestic migration. The job market remains relatively strong The San Antonio multifamily market has recorded steady performance through the fi rst half of this year, despite economic volatility at the national level. San Antonio is the 23rd largest multifamily market with 213,098 completed units and 50,592 units in development, 11,472 of which have already broken ground, as of December 2021. Nearby Montgomery and Fort Bend counties grew 4. 9% inventory increase year over year was the third largest percentage of inventory change of all Texas multifamily markets. The market recorded a positive quarterly absorption figure of 2,868 units, outperforming all of 2022 and 2023 combined. Apartment vacancy in San Antonio dropped in all four quarters of 2021. Apr 5, 2023 · A global recession may come to define 2023, but in San Antonio, investors are still bullish — provided they’re ready to play the long game. Institutional Property Advisors (IPA), a division of Marcus & Millichap, is a leading commercial real estate services firm. Year-over-year, San Antonio asking rents slid 1. 2025 Multifamily Outlook As we approach the end of 2024, the multifamily market has proved to be resilient in the face of the highest level of new supply since the 1980s. Executive Summary In January 2019, the City of San Antonio engaged NALCAB – National Association for Latino Community Asset Builders to undertake an assessment of the San Antonio Housing Trust (SAHT) and to provide strategic recommendations for strengthening the Trust and associated entities. 2Q 2025 Download Full Report Favorable Demographics and Tighter Pipeline Boost San Antonio’s Multifamily Prospects Economic growth holds steady amid shifting affordability trends. Multifamily Report. 9% annual growth in the prior 12-month period the past year. 3% and 3. com For information $1,100 on national Multifamily trends, contact: Sep 3, 2025 · RealPage Analytics (formerly MPF Research & Axiometrics) delivers apartment data and trends, news and commentary from multifamily industry leading experts. Net absorption of 6,991 apartments outpaced the 5,613 deliveries during the last four quarters and spurred a 100-basis-point annual increase in occupancy to 90. Though San Antonio is the most affordable multifamily market in the Texas Triangle, the 17. Vacancy Improvement Continues Into Q2 2025 For the second straight quarter, net absorption outpaced new deliveries across the U. 0% from July 2021 to July 2022. from Atlanta to Washington DC, via the map on desktop, or for mobile scroll by market, A-Z. PRICING: Transaction Volume Will Return as Investors Adjust to Market Conditions San Antonio could not replicate the surprisingly active quarters it experienced during early 2023, as only five properties totaling 964 units traded hands in Q4. Additional economic expansion is likely in 2022. com/real-estate/apartment-rents-rise-perks-discounts-fade The long-term outlook for San Antonio’s multifamily market remains positive, driven by employment growth, rising wages, and the continued strength of key economic sectors such as healthcare, government, and aerospace. Health Crisis Upends Commercial Real Estate; Uncertainty Will Carry Well Into 2021 Pandemic transforms commercial real estate. Greater construction is on the horizon. The San Antonio labor market neared full employment as the monthly unemployment rate fell 30 basis points since July 2018 to 2. Jul 17, 2025 · Q2 2025 San Antonio Multifamily Report The San Antonio multifamily market demonstrated continued momentum in Q2 2025, with fundamentals reflecting a more sustainable pace of growth and steady renter demand. The market recorded an impressive 2024 net absorption of 7,583 units, significantly surpassing the totals from 2023. 2 billion in the first 10 months of 2021, already 48. Welcome to the San Antonio Board of REALTORS® The San Antonio Board of REALTORS® is your primary resource when it comes to finding a REALTOR® and buying and selling in San Antonio and the surrounding area. Investors targeted both Lifestyle and RBN assets, and sales prices averaged $182,241 per unit, very close to the U. Preface We are pleased to release our Q1 2023 Texas Multifamily Market Report. city. 5 percent in 2021, a pace that allows the metro to surpass the 2019 total by the end of the year. Austin led Texas in annual inventory growth at 7. 94 for FHA. We are the largest professional trade organization in San Antonio and represent over 13,000 members. Mar 17, 2025 · As the rental market regains momentum, multifamily investment is poised to be one of the key opportunities in 2025. See where home prices, inventory, and rents are heading—plus a candid update on Bill’s business and what’s next for multifamily investors. 1% higher than annual averages seen between 2015 and 2019. Approximately 60%, or 5,423, of those units came online during the first six months of 2024. Worth, Houston, Austin, San Antonio ______________________________________ Apartment rents rise; perks, discounts fade https://www. 8% year-to-date. Jan 10, 2023 · Effective rental rates throughout San Antonio continue to reach new heights, increasing 3. Businesses and institutions added 22,400 net workers to local payrolls through July 2019, a 2. Census Bureau. Jan 2, 2024 · Reeves Craig, vice president of multifamily development for downtown developer Weston Urban, said that a combination of factors is putting San Antonio on the map — including “the size of our market combined with its geographic location and all the positive demographic, population and economic growth that our market has seen in recent years. In March 2023, San Marcos had a vacancy rate lower than the overall metro and the lowest mean efective rent, exhibiting the draw of well-connect-ed, cost-eficient locations. The outlook calls for continued improvement, although the development pipeline remains full, and deliveries will be near all-time highs for the third time in four years. Jul 11, 2024 · Here's a look at construction progress on projects across the city, including the airport, with some just starting and others all wrapped up. The emerging Texas Innovation Corridor, the area along I-35 between San Antonio and Austin, made waves for recent announcements made by Tesla and Amazon, as well as for skilled labor provided by leading universities nearby. 6 percent in Oct 17, 2023 · San Antonio is experiencing a record-breaking construction pipeline, with 18,161 units currently underway. In 2024, household formation and population each rose about 2. 5920 DISCLAIMER - The information presented in this chart represents estimates of current building costs for the time period identified based on various public data sources from each respective market as of the published date. Keep abreast of the latest trends in the real estate market with comprehensive reports, detailed studies, and insightful analysis provided by Yardi Matrix. Demand is the primary driver, fueled by the migration of renters from higher- priced metro areas to more affordable Sunbelt cities. Rising job growth, stabilizing rent trends, and evolving supply dynamics are shaping opportunities for proactive property management strategies. Volume was markedly lower in 2023 compared to 2022, but we anticipate this figure increasing in 2024 due to less volatility in the capital markets Mar 24, 2025 · San Antonio's 2025 multifamily market sees lower vacancy, an easing pipeline and rising sales in northern submarkets. Renter demand up, vacancy down, rents rise, sales velocity increases, and cap rates compress. 2024 absorption levels were 67. Sep 12, 2025 · All he has to do is raise the rents 60% to market rate and he will hit a home run. This mild pace has helped keep vacancy extremely tight, contributing to robust rent escalations as prospective tenants compete for a limited amount of available rentals. Asking rents rose 3. Jul 14, 2025 · Quarterly commercial real estate market activity data Get supply, demand and pricing trends. Rents rose 0. 5 percent in 2024. The city’s multifamily market is poised for a positive trajectory in 2024, marked by the gradual restoration of equilibrium and a resurgenc 2024 Multifamily Outlook The multifamily market saw performance slow in 2023, brought on by the uncertainty in the economy along with a high level of new supply entering the market. The city was ranked as the fastest-growing U. Demand is the primary driver, fueled by the in-migration of renters from higher-priced metro areas to more afordable Sunbelt cities. Preface We are pleased to release our Q4 2022 Texas Multifamily Market Report. The multifamily, industrial, and retail property markets will continue to recover more quickly than the office property market where vacancy rates will likely remain elevated in 2021-2022 compared to the pre-pandemic level. San Antonio is on pace to have its best year of absorption since Keep abreast of the latest multifamily market reports and trends with insightful analysis backed by Yardi Matrix data. During the final three months of the year, vacancy dipped Mar 29, 2021 · Discover San Antonio's Q4 2020 Multifamily Market with rising vacancies, stable rents, and steady investment activity despite a construction spike. Technological strengths across the energy Jul 31, 2025 · The versatile market in San Antonio in 2025 reflects the city’s rapid population growth and economic diversification, reflects a dynamic balance between development and challenges. In response to the surge in demand and population growth in the post-pandemic years, San Antonio multifamily developers launched a building spree, spurred by low interest rates in 2021 and 2022, to meet this rising demand. 3% higher than the 2020 total and above any other year on record. Empower your multifamily investments with Berkadia's market reports. Rent growth marked the eighth consecutive month in negative territory, down 0. Q1 2025 absorption as share of 2024 totals Multifamily demand continued to remain strong through Q1 2025, as major U. 9% in July of this year. Even so The San Antonio multifamily investment market continued to cool during the first quarter, as both sales volume and pricing dipped. Its influx of residents is greater than any major U. Explore national MarketBeat reports which cover office, retail, industrial and multifamily sectors. Antonio-New Braunfels, Texas Quick Facts About San Antonio San Antonio, Texas Current sales market conditions: balanced Current apartment market conditions: slightly soft The government sector is the largest employment sector in the metropolitan area, with 178,700 jobs, and accounts for nearly 16 percent of all nonfarm payroll jobs. For the data behind the commentary, download the full Q2 2025 U. Dec 9, 2024 · San Antonio's multifamily market posts record deliveries, steady vacancy rates, rent growth and strong demand driven by population and job expansion. Dec 20, 2024 · As you can see, CBRE reports Austin, Dallas, and Fort Worth are all post-peak supply, and San Antonio is projected to peak in Q1 2025. com by Austin Investor Interests, LLC SAN ANTONIO MULTIFAMILY BROKER CONTACTS Nov 3, 2021 · San Antonio proved resilient following the onset of the pandemic and the city’s multifamily market benefited from an influx of work-from-home employees. city in terms of numeric population growth between 2021 and 2022, according to the U. Increased pricing within the for-sale market is helping retain demand for multifamily assets; in Q1 2024, multifamily absorption reached its highest level since 2021 when demand peaked. Nov 27, 2023 · The apartment market in San Antonio today is a mixed bag. Jun 23, 2021 · With property fundamentals stabilizing and investment activity strengthening, the San Antonio multifamily market got off to a strong start to 2021. Keep abreast of the latest multifamily market reports and trends with insightful analysis backed by Yardi Matrix data. Year-over-year, construction increased 7% from 17,031 units to 18,329 units. 1% on a trailing three-month basis through March, to $1,259, while the national rate rose 0. For the first time since 2021, the U. San Antonio’s 10% year-over-year rent growth is a function of strong market fundamentals, as San Antonio’s absorption over the past year is almost twice the all-time average. IPA’s real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer investors customized solutions for the acquisition, disposition and financing of properties and portfolios across the United States and Canada. Produced by Jim Richards, Jim Kirkpatrick and Jesse Lillard of CBRE, this report has been assembled, not to answer every question concerning multifamily in Texas, but to provide an overview of the Texas markets allowing multifamily professionals to better direct their efforts toward markets of interest. With continued solid fundamentals, multifamily is the most preferred asset class for commercial real estate investors in 2025. Like most Sun Belt metros, supply exceeds demand in Alamo City. Houston’s rental market has seen especially meaningful progress in 2021, with rising oil prices and improving overall economic conditions supporting multifamily fundamentals. Property Investments and rental property. Read the full analysis for more. multifamily market continues to break records, in both long- and short-term performance. San Antonio proved resilient following the onset of the pandemic and the city’s multifamily market benefited from an influx of work- from-home employees. This report explores market supply-demand dynamics, rent trends, interest rate impacts, and investment opportunities. Sales velocity remains lower than post-COVID-19 highs as forced sales and debt maturities motivate sellers Houston is well-positioned to become a national leader in tech innovation. 7% increase created a cost-of-living burden for many renters, as it outpaced Decline in investment volume between H1 2022 and H1 2023 Multifamily investment volumes reached all-time highs in 2021 and 2022, but have since declined by over 70% when comparing H1 2022 and H1 2023 levels. The metro’s rent movement was negative for four consecutive months, down 0. April 5, 2021 Luxury North Central San Antonio Multifamily Sale Brokered by Institutional Property Advisors As a valued member of the San Antonio Board of REALTORS®, you have exclusive access to comprehensive market statistics designed to give you a competitive edge. DELIVERIES & ABSORPTION Austin’s multifamily developers have ramped up the volume of new deliveries each year since 2019. H1 2023 investment levels are now at their lowest point since 2014. The North-west San Antonio suburbs and New Braunfels-Schertz-Universal City ex-pect most of this space as both receive over 2,000 new units this year. ” Apr 27, 2022 · A healthy rebound in hiring, particularly during the fourth quarter, supported the San Antonio multifamily market. 624. S. We offer a complete range of brokerage, appraisal, property management, consulting, project and construction management, and debt equity finan The information in this report was composed by the Kidder Mathews Research Group. Development activity in San Antonio has slowed considerably, with both the number of units under construction and the volume of multifamily starts falling below the 10-year historical average. The San Antonio report will provide you with valuable insights on the latest multifamily and demographic trends to help you better navigate the current economic landscape and set your strategy for the remainder of this year. 2% in the first quarter of 2021. With Austin among the top markets nationally for multifamily construction pipeline, it should be no CONSTRUCTION: Inventory in San Antonio will expand by 3. 3% on a trailing three-month basis through March to an overall average of $1,274. It possesses the Corporate, workforce, and infrastructure requirements, including innovation-minded companies, a vast support system of business professionals and corporate decision- makers, and business and quality of life amenities necessary to support a robust tech ecosystem. For 2025, we predict positive rent growth, but below the long-term average, while Keep abreast of the latest trends in the multifamily market with the comprehensive multifamily metro reports provided by Yardi Matrix. Sep 16, 2024 · The period between August 2023 and August 2024 witnessed the largest number of new apartments completed in the history of the San Antonio multifamily market. figure. Stay informed! The San Antonio multifamily market ended 2021 on a high note, with property fundamentals strengthening in the fourth quarter. 41 per square foot in the first quarter, there’s a prevailing sense of optimism that San Antonio is gradually finding its footing post-pandemic. Aug 19, 2021 · The commercial real estate market is slowly getting back on track although the rise of Delta variant cases is casting a shadow on the path of the recovery. Aug 10, 2022 · In fact, CoStar estimates that roughly $5-billion worth of units changed hands in 2021, the highest year on record for multifamily investment in this market. markets absorbed more than 72,000 units, putting multifamily demand on pace to match 2024’s record-high rates. The region’s economic growth prospects,… Jan 5, 2021 · San Antonio’s multifamily market showed resilience during the second and third quarters, with the metro’s fundamentals outperforming major markets and the nation. Oct 2, 2024 · A recent multifamily residential building spree in San Antonio that drove up competition and suppressed rent prices is subsiding. This all generally aligns with my forecast from the past 12+ months that, around Q2 2025, the market will feel a meaninful shift in multifamily fundamentals (i. Rents remained flat on a trailing three-month Overall, however, the San Antonio apartment market performed admirably. 8% with 23,114 units delivered through mid-2024. Mar 24, 2025 · San Antonio has virtually no new starts. 0%, while the U. 4% respectively. Nov 19, 2022 · Multifamily rent growth remained strong in the San Antonio market during the third quarter of 2022, although began showing deceleration from the most recent record highs measured earlier in the year, according to Moody’s Analytics CRE. 5% on a trailing three-month basis, to an average of $1,295, well below the Jun 6, 2025 · Recent San Antonio Transactions San Antonio fundamentals were mixed at the end of 2025’s first quarter. The 3. San Antonio’s worker count is expect-ed to jump by 4. In the third quarter of 2024, San Antonio’s multifamily market demonstrated notable resilience despite a robust supply pipeline. San Antonio Multifamily Within the past 10 years (Q3 2013), inventory has grown by 43%, totaling 251,700 units by the end of Q3 2023. May 21, 2021 · The pandemic’s disruptions paired with substantial inventory expansion pressured San Antonio’s multifamily fundamentals at the start of 2021. Multifamily absorption and mortgage rates Multifamily demand remained strong through the fourth quarter of 2024, driving absorption rates to levels comparable to the record highs of 2021, as home interest rates remained well above recent lows. Tap into expert analysis and stay at the forefront of industry trends. Occupancy reaches an all-time high. – Harris County grew 1. Marcus & Millichap provides cutting-edge market research reports and insights covering commercial real estate property types across the US and Canada. 2 days ago · Explore the latest real estate trends and JLL research about the future of commercial real estate Houston Team 4 Multifamily Transaction Activity 28 Q1 Transactions and Market Share 6 Cap Rate Estimates 29 Replacement Cost Study 30 Jan 22, 2025 · Our prediction of instability in the multifamily market last year was correct, but we do expect it to start improving in most places in 2025. Sep 1, 2021 · Discover the San Antonio Q2 Multifamily Market Insights. On a The Central, North Central and Far Northwest San Antonio submarkets are slated to receive approximately half of the new builds scheduled to come online in 2023. To access market stats, simply log in to your OneAccess account. The gap between supply and demand in Austin’s multifamily market narrowed to its smallest margin since late 2021, with unit completions exceeding net absorption by only 500 units in the final quarter of 2024. Still, vacancy remains 200 basis points (bps) above the long Jan 6, 2022 · Multifamily investment reached nearly $2. Until rents materially rise and/or construction costs materially decline, there will be exceptionally low new construction for the foreseeable future. Stay-at-home orders, the need to physically distance, and having to abide by health and safety protocols had harsh efects on many real estate sectors Sale Price/Unit Cap Rate , California, Nevada, and Arizona. Rental demand in 2024 differed depending on the metro: Those with a lot of new supply, such as Austin, Phoenix, San Antonio, and Raleigh, have seen negative rent growth over the past year. SABOR’s jurisdiction covers Atascosa, Bee, Bexar, Frio, Karnes, Kendall, La Salle Renter demand is strong, with absorption up nearly 80% year-over-year and Q1 2025 marking the first time since 2021 that demand outpaced new supply, led by both luxury and mid-tier properties. nmvg agbsn jrfkk qpgj lzuvwm jdggox anal zvmbp eqhuzry ylvyrh