Figures
San Antonio Office Figures - Q3 2026
October 9, 2026 5 Minute Read
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- San Antonio’s office market showed signs of gradually tightening conditions in Q3, following several years of elevated vacancy and limited new supply. Vacancy is down 20 bps quarter-over-quarter to 17.8%, its lowest following a five-year peak of 19.7% in Q1 2025, and availability decreased from 19.4% to 18.9%.
- Marketwide net absorption rebounded to 28,000 sq. ft. in Q3, a number heavily constrained by one large move as AT&T relocated from its Midtown office location to its new space in Westover Hills, downsizing by nearly 130,000 sq. ft.
- Leasing activity strengthened in Q3, supported by solid demand over the first three quarters of 2026. Tenants signed leases totaling 244,000 sq. ft. in Q3 2026, and leasing over the first three quarters of 2026 amounted to 680,000 sq. ft. Leasing activity was driven by three sizable office commitments across the CBD and Northwest submarkets, including a 26,000 sq. ft. lease by a confidential tenant in Northwest, a 22,000 sq. ft. lease by Visit San Antonio in the CBD, and a 16,000 sq. ft. lease by a confidential tenant in the CBD. While not representative of total quarterly leasing, these top three new leases indicated active engagement from occupiers in core and emerging locations alike.