{"id":2163,"date":"2021-10-27T12:15:00","date_gmt":"2021-10-27T12:15:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=2163"},"modified":"2024-02-06T10:58:11","modified_gmt":"2024-02-06T10:58:11","slug":"san-antonio-multifamily-market-report-fall-2021","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/san-antonio-multifamily-market-report-fall-2021\/","title":{"rendered":"San Antonio Multifamily Market Report \u2013 Fall 2021"},"content":{"rendered":"<h2><strong>Rents, Transactions Shoot Up <\/strong><\/h2>\n<p><a href=\"https:\/\/www.yardimatrix.com\/blog\/tag\/san-antonio-housing-market\/\"><strong>San Antonio<\/strong> <\/a>proved resilient following the onset of the pandemic and the city\u2019s multifamily market benefited from an influx of work-from-home employees. Its population expanded by 1.6% in 2020, boosting rents further. The average rate rose 1.5% on a trailing three-month basis through August, to $1,149. Occupancy in stabilized properties rose 1.0% in the 12 months ending in July, to 93.9%.<\/p>\n<p>The unemployment rate in San Antonio stood at 5.4% in July, on par with the national rate and outpacing the 6.2% Texas average. Employment marked the second-consecutive month of positive year-over-year expansion, rising 2.8% through June for 63,500 jobs across sectors, which placed San Antonio as one of the nation\u2019s best among major metros. Professional and business services led gains, also sustained by work-from-home policies, and added 26,000 jobs during the period. Leisure and hospitality (17,300 jobs) came in second, boosted by the reopening of SeaWorld San Antonio, Six Flags Fiesta Texas and other leisure destinations.<\/p>\n<p>Strong demand encouraged more development, with 3,767 units delivered in 2021 through August and another 11,463 apartments underway. Transaction activity amounted to $1.4 billion through August, already above last year\u2019s total. Increased investor interest in the metro has helped push the price per unit up by 20.0% year-over-year, to almost $130,000.<\/p>\n<p>Read the full <a href=\"https:\/\/www.yardimatrix.com\/Publications\/Download\/File\/1342-MatrixMultifamilySanAntonioReport-Fall2021?utm_source=Matrix-Blog&amp;utm_medium=Social\"><strong>Matrix Multifamily San Antonio Report-Fall 2021<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rents, Transactions Shoot Up San Antonio proved resilient following the onset of the pandemic and the city\u2019s multifamily market benefited from an influx of work-from-home employees. Its population expanded by 1.6% in 2020, boosting rents further. The average rate rose 1.5% on a trailing three-month basis through August, to $1,149. Occupancy in stabilized properties rose [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":2167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[221,125],"class_list":["post-2163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2021","tag-san-antonio"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>San Antonio Multifamily Market Report \u2013 Fall 2021 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"San Antonio proved resilient following the onset of the pandemic and the city\u2019s multifamily market benefited from an influx of work-from-home employees.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/san-antonio-multifamily-market-report-fall-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Antonio Multifamily Market Report \u2013 Fall 2021\" \/>\n<meta property=\"og:description\" content=\"San Antonio proved resilient following the onset of the pandemic and the city\u2019s multifamily market benefited from an influx of work-from-home employees.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/san-antonio-multifamily-market-report-fall-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-27T12:15:00+00:00\" \/>\n<meta property=\"article:modified_time\" 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