San Antonio Submarket

Northeast

I-35 industrial corridor, Schertz/Selma — bulk distribution, warehouse, and last-mile logistics.

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Submarket Highlights

Industrial corridorDistribution & logisticsI-35 access

Market Overview

About Northeast

San Antonio Northeast is the dominant industrial submarket in the city, anchored by the I-35 corridor running from I-410 north to Schertz, Selma, and New Braunfels. It is the primary Texas distribution and logistics submarket between Austin and South Texas, supporting a deep concentration of warehouse, distribution, light manufacturing, and flex-industrial inventory.

The submarket benefits from outstanding logistics geography: direct I-35 access, proximity to I-410, FM 1604, and Loop 1604, and connectivity to both Austin (1 hour north) and the Mexican border via I-35 South. Major distributors, e-commerce fulfillment operations, and last-mile logistics have invested heavily in Northeast over the past decade.

Modern Class A bulk distribution buildings (32+ ft clear, ESFR sprinkler, abundant trailer parking) command premium rents but face supply pipeline pressure as developers race to add inventory. Class B and C industrial in older sections of Northeast trades at meaningful discounts but with operational tradeoffs (lower clear height, fewer dock doors, older construction).

Retail and office activity in Northeast is concentrated near the I-35 / Loop 410 interchange (Northwoods, North Star Mall, Forum at Olympia Parkway) and in the Schertz / Selma residential growth zone. Office is meaningful but secondary to industrial in this submarket.

Market Data

Northeast Market Fundamentals

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

Class A bulk distribution rent
$8.50-11.50/SF NNN
Class B industrial rent
$6.50-8.50/SF NNN
Industrial vacancy
5-8%
tightest segment in San Antonio
Flex space rent
$10-14/SF NNN
Cap rate (stabilized industrial)
6.0-7.0%
Class B office rent
$18-24/SF FSG

Notable Properties

Key Northeast Buildings & Districts

Forum at Olympia Parkway

Major mixed-use lifestyle center with retail, dining, and entertainment — anchor of the Northeast retail node.

North Star Mall area

Established retail, office, and hospitality concentration at the Loop 410/Hwy 281 intersection.

Schertz / Selma industrial corridor

Emerging industrial growth zone along I-35 north — newer Class A bulk distribution and last-mile logistics.

I-35 / Loop 410 interchange

Most-trafficked freeway interchange in San Antonio — premium retail and industrial visibility.

Tenant Profile

Who Leases in Northeast

  • Distribution and logistics (regional, national, e-commerce fulfillment)
  • Light manufacturing and assembly
  • Last-mile logistics for parcel delivery
  • Wholesale and supply businesses
  • Cold storage and food distribution
  • Service businesses with vehicle fleets and yards
  • Construction supply and contractor warehousing

People Also Ask

Northeast FAQ

What makes Northeast San Antonio strong for industrial?+
Logistics geography. Direct I-35 access, proximity to I-410 and Loop 1604, the Austin corridor 60 miles north, and the Mexican border via I-35 South all converge in Northeast. For Texas distribution operations targeting both Austin and South Texas markets, Northeast is the obvious choice.
What zip codes does Northeast cover?+
Primary zip codes include 78219, 78220, 78233, 78239, 78247, 78260, and the Schertz/Selma extension zip codes 78108 and 78154. The submarket extends along I-35 from Loop 410 north to New Braunfels.
Is there modern Class A industrial supply or only older inventory?+
Both. Significant Class A bulk distribution development has happened in the Schertz/Selma corridor since 2018, with 32-40 ft clear, ESFR sprinkler, and abundant trailer parking. Older sections of Northeast (closer to Loop 410) have substantial Class B/C industrial at lower rents but reduced specs.
How does Northeast compare to South Side / Southeast for industrial?+
South Side has emerging industrial along I-37 driven by the Toyota corridor and is more affordable than Northeast — but Northeast has deeper inventory, better logistics geography for distribution covering both Austin and South Texas, and more Class A modern supply. Both submarkets are growing; the choice depends on your specific operations.

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