San Antonio Submarket

North Central

Loop 410, San Pedro, Broadway, airport corridor — established Class B office market with mature retail and infill multifamily.

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Submarket Highlights

Class B office valueMature retailInfill development

Market Overview

About North Central

San Antonio North Central runs along Loop 410 from US-281 east through the airport corridor to I-35. It is the historic Class B office submarket of San Antonio, with substantial 1980s and 1990s suburban office inventory, mature retail, and meaningful infill multifamily redevelopment.

For tenants, North Central is the value-oriented office submarket — Class B rents 25-40% below Northwest with similar accessibility and a strong professional services tenant base. For owners, North Central is the repositioning submarket: 1990s buildings that benefit from modernization can move up a tenant tier and capture meaningful rent uplift.

Retail in North Central is mature and stable. Major Loop 410 corridors (San Pedro, Broadway, Northwest Loop) have established centers with steady foot traffic and tenant retention. New retail development is limited; value comes from tenant mix optimization on existing centers.

Industrial activity in North Central is minimal — the submarket's mature Loop 410 inventory is dominated by office and retail. Industrial users typically look to the I-35 corridor (Northeast) or the South/Southwest industrial submarkets.

Market Data

North Central Market Fundamentals

Estimates based on recent CRECO transactions and Texas market analysis. Refresh periodically.

Class A office rent

$24-32/SF FSG

Class B office rent

$18-26/SF FSG

best Class B value in San Antonio

Office vacancy

12-16%

Retail rent (in-line)

$20-32/SF NNN

Cap rate (Class B office)

8.5-10%

Cap rate (stabilized retail)

7.0-8.0%

Tenant Profile

Who Leases in North Central

Professional services (smaller law firms, accounting practices, consulting)
Healthcare and medical (clinics, dental practices, specialty medical)
Financial services regional offices
Education and extension programs
Retail (regional and local restaurants, retail, fitness, services)
Government offices and contractors

Available Properties in North Central

For Lease

Office

1346 Parkridge Dr

Contact for pricing

2,475 SF · Zoning C-2

North Central FAQ

Why is North Central often called a "value" office submarket?+

North Central has substantial 1980s-1990s Class B office inventory at meaningful rent discounts to Northwest — typically 25-40% below comparable space. For cost-conscious tenants who don't need trophy Class A, North Central delivers similar accessibility and parking ratios at a fraction of the rent.

What zip codes does North Central cover?+

Primary zip codes include 78213, 78216, 78217, 78232, 78233, and parts of 78239 (airport area). The submarket is anchored by Loop 410.

Is North Central a good submarket for owners to acquire?+

For value-add buyers with capital and operational capability, yes. North Central Class B office trading at 8.5-10% cap rates with modernization potential offers compelling value-add returns. The risk is that some buildings have substantial deferred capex; underwriting carefully and pricing the capex into the basis is critical.

Looking for space in North Central?

Tell us what you need — size, budget, must-haves — and a CRECO broker will respond within one business day with vetted options across the North Central submarket.

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