Answer · San Antonio & Hill Country commercial real estate
What is the retail vacancy rate in San Antonio and the Hill Country?
In Q2 2026 San Antonio metro retail vacancy was 4.1% with asking rent of $19.27/SF NNN (Partners). The Hill Country is tighter: 2.4% in Kendall County (Boerne) at $22.85/SF NNN and 2.6% in Comal County (New Braunfels) at $28.16/SF NNN.
Q2 2026 data · Reviewed by Zachary A. Stovall, TREC #691174 · Last updated November 5, 2026
The details
- Metro: 4.1% vacancy; net absorption 94,972 SF, down from 405,772 SF in Q1; asking rent $19.27/SF NNN, down 2.5% year over year.
- Kendall County (Boerne): 2.4% vacancy, +15,068 SF absorbed, 70,271 SF under construction, $22.85/SF NNN.
- Comal County (New Braunfels): 2.6% vacancy, +13,396 SF absorbed, 62,700 SF under construction, $28.16/SF NNN.
- Northwest San Antonio: 4.6% vacancy, 270,034 SF under construction, $15.74/SF NNN.
- 833,294 SF of retail was under construction metro-wide, about 59% pre-leased; 162,514 SF was delivered.
- Partners is the only free Q2 2026 retail source we found, so these figures have no second source to cross-check.