San Antonio Office Figures Q1 2023

April 11, 2023 5 Minute Read

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  • Vacancy increased 140 basis points (bps) from 17.1% in Q4 2022 to 18.5%.
  • Despite an uptick in vacancy, overall asking rents remained competitive, growing $0.52 quarter-over-quarter.
  • New construction flattened with only five buildings totaling 286,265 sq. ft. underway.
  • Deliveries ramped up, with two buildings totaling more than 546,000 sq. ft., completing this quarter.