San Antonio Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, , , Colliers
Quarterly office market indicators for San Antonio, aggregated by CREhunt from Cushman & Wakefield, , , Colliers. As of Q1 2026, average asking rent was $28.50/SF with a 27.4% vacancy rate.
Projected current office pricing — San Antonio
Projected asking rent
$28.80/SF/yr
Estimated sale value
$189–$246/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 7.0%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 | — | — | 0K SF | — | Cushman & Wakefield |
| Q1 2026 | $28.50/SF | 27.4% | 180K SF | — | |
| Q1 2026 | $29.09/SF | 12.2% | 29K SF | — | |
| Q1 2026 | $48.00/SF | 24.5% | 0K SF | 0K SF | Cushman & Wakefield |
| Q4 2025 | $30.18/SF | 11.8% | 235K SF | — | |
| Q4 2025 | — | — | -1K SF | 0K SF | Cushman & Wakefield |
| Q4 2025 | — | 11.5% | 0K SF | — | |
| Q2 2025 | — | — | -1K SF | — | Cushman & Wakefield |
| Q4 2024 | — | — | 0K SF | — | Cushman & Wakefield |
| Q4 2023 | $90.00/SF | — | 397K SF | — | Colliers |
| Q4 2020 | $50.00/SF | 31.8% | -7K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for office space in San Antonio?
- As of Q1 2026, the average asking rent for office space in San Antonio was $28.50/SF.
- What is the office vacancy rate in San Antonio?
- The office vacancy rate in San Antonio was 27.4% as of Q1 2026.
- Where does CREhunt's San Antonio market data come from?
- This report aggregates quarterly office market data for San Antonio from Cushman & Wakefield, Colliers.
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