Figures

San Antonio Industrial Figures - Q4 2025

January 12, 2026 5 Minute Read

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  • Market fundamentals were mostly flat quarter-over-quarter to close the year. Total net absorption notably increased to approximately 880,000 sq. ft., driven mostly by owner-user activity as Amazon occupied 560,500 sq. ft. at Rosillo Creek and Flooring Services occupied 265,415 sq. ft. at Park 35. Outside of owner-user activity, fourth-quarter move-ins and move-outs were dominated by tenants in the 50,000 – 75,000 sq. ft. range.

 

  • Marketwide vacancy declined 20 basis points (bps) to 10.9% in the fourth quarter. Vacancy was slightly elevated throughout 2025 following a 180 bps jump to 11.1% in Q1, when just over 2.8 million sq. ft. of new construction hit the market.

 

  • Although new supply continues to push vacancy, occupiers are slowly absorbing recently delivered speculative space; as of Q4, Industrial space constructed from 2020 - present is just under 70% occupied.

 

  • Two projects totaling 297,874 sq. ft. delivered in the third quarter: Freeport 35 added 174,374 sq. ft. to the South submarket and Rail Drive added 122,500 sq. ft. to the Northeast submarket. Both projects are fully available as of Q4.