Matrix Multifamily San Antonio Report-May 2026 May 19, 2026

Supply pressures persist in San Antonio

Elevated deliveries weighed down fundamentals in San Antonio. Advertised asking rents fell 2.8 percent YoY through March to $1,232, while the U.S. rate rose 0.1 percent; the metro’s occupancy dropped 90 bps to 89.8 percent in February.