Answer · San Antonio & Hill Country commercial real estate
What is the office vacancy rate in San Antonio?
In Q2 2026 San Antonio office vacancy was 15.2% (Cushman & Wakefield), 16.9% (Partners) or 17.6% (CBRE). The brokerages measure different sets of buildings, so the rates differ. Average asking rent was $27.97 to $29.76/SF full service.
Q2 2026 data · Reviewed by Zachary A. Stovall, TREC #691174 · Last updated November 5, 2026
The details
- Vacancy: 17.6% CBRE, 15.2% Cushman & Wakefield, 16.9% Partners.
- Average asking rent (full service): $29.76 CBRE, $27.97 Cushman & Wakefield, $29.54 Partners.
- Net absorption disagrees on direction: -43,950 SF (CBRE), +283,787 SF (Cushman & Wakefield), -85,357 SF (Partners).
- The I-10/1604 gateway is far tighter than the metro: Cushman & Wakefield put Far Northwest office vacancy at 9.2%, with $40.41/SF asking and +306,704 SF absorbed in Q2.
- Northwest submarket vacancy: 16.8% (CBRE), 16.7% (Cushman & Wakefield), 15.1% (Partners).
- Under construction: 30,400 SF (CBRE), 0 SF (Cushman & Wakefield), 60,000 SF (Partners), including The Rock Medical and Research Pavilion, 58% pre-leased.
Sources
- CBRE, San Antonio Office Figures Q2 2026 (Jul 9 2026)
- Cushman & Wakefield, MarketBeat San Antonio Office Q2 2026
- Partners Real Estate, San Antonio Office Q2 2026 (Aug 11 2026)