Answer · San Antonio & Hill Country commercial real estate
What does small-bay flex space cost in San Antonio?
In Q2 2026 San Antonio small-bay flex space asked about $12.49 to $12.85/SF NNN, with vacancy of 8.0% to 8.7% depending on the brokerage.
Q2 2026 data · Reviewed by Zachary A. Stovall, TREC #691174 · Last updated November 5, 2026
The details
- Vacancy: 8.6% (CBRE R&D/Flex), 8.0% (Cushman & Wakefield Office Service/Flex), 8.7% (Partners Flex).
- Asking rent (NNN): $12.59 CBRE, $12.49 Cushman & Wakefield, $12.85 Partners.
- Net absorption: -25,000 SF (CBRE), -45,103 SF (Cushman & Wakefield), +238,700 SF (Partners).
- For comparison, San Antonio warehouse vacancy was 10.3% to 11.3% with average asking rents of $8.52 to $9.22/SF NNN.
Sources
- CBRE, San Antonio Industrial Figures Q2 2026
- Cushman & Wakefield, MarketBeat San Antonio Industrial Q2 2026
- Partners Real Estate, San Antonio Industrial Q2 2026