{"id":243,"date":"2021-01-06T09:16:04","date_gmt":"2021-01-06T09:16:04","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=243"},"modified":"2023-03-10T08:15:18","modified_gmt":"2023-03-10T08:15:18","slug":"san-antonio-real-estate-market-trends-fall-2020","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/san-antonio-real-estate-market-trends-fall-2020\/","title":{"rendered":"San Antonio Real Estate Market Trends &#8211; Fall 2020"},"content":{"rendered":"<h2>Rent Growth Positive Amid Economic Volatility<\/h2>\n<p><a href=\"https:\/\/www.yardimatrix.com\/blog\/tag\/san-antonio-housing-market\/\"><strong>San Antonio\u2019s multifamily market<\/strong> <\/a>showed resilience during the second and third quarters, with the metro\u2019s fundamentals outperforming major markets and the nation. Rents rose 0.1% on a trailing three-month basis through October to $1,049.<\/p>\n<p>San Antonio was among the metros with the fewest job losses in the wake of the health crisis. The unemployment figure dropped to 6.6% in August, but preliminary data for September signaled<br \/>\na relapse, with the rate rising again to 7.8%. The sectors that lost most jobs were leisure and hospitality\u2014which shrunk by 11.2% in the 12 months ending in September\u2014and professional and business services, down by 5.8%. The largest sector in San Antonio\u2014 trade, transportation and utilities\u2014restabilized and gained 800 jobs during the period. Still, the Alamo\u2019s more pressing issue is not related to unemployment, but rather underemployment, as an increasing number of people resort to a mix of part-time jobs.<\/p>\n<p>Developers brought online 4,613 units in 2020 through October\u2014surpassing last year\u2019s total\u2014and had another 9,468 underway, heavily favoring the Lifestyle segment. Meanwhile, investors traded multifamily assets worth $778 million in the first 10 months of the year, down 37% compared to the same period in 2019. The average price per unit clocked in at $102,723, marking a 3.2% uptick.<\/p>\n<p>Read the full <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/1168-MatrixMultifamilySanAntonioReport-Fall2020?utm_source=Matrix-Blog&amp;utm_medium=Social\"><strong>Matrix Multifamily San Antonio Report-Fall 2020<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rent Growth Positive Amid Economic Volatility San Antonio\u2019s multifamily market showed resilience during the second and third quarters, with the metro\u2019s fundamentals outperforming major markets and the nation. Rents rose 0.1% on a trailing three-month basis through October to $1,049. San Antonio was among the metros with the fewest job losses in the wake of [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[16,125],"class_list":["post-243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook","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 Real Estate Market Trends - Fall 2020 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"San Antonio\u2019s multifamily market showed resilience during the second and third quarters, with the metro\u2019s fundamentals outperforming major markets and the nation.\" \/>\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-real-estate-market-trends-fall-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Antonio Real Estate Market Trends - Fall 2020\" \/>\n<meta property=\"og:description\" content=\"San Antonio\u2019s multifamily market showed resilience during the second and third quarters, with the metro\u2019s fundamentals outperforming major markets and the nation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/san-antonio-real-estate-market-trends-fall-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-06T09:16:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-10T08:15:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/12\/San-Antonio-iStock-1267343318.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anca Gagiuc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"San Antonio Real Estate Market Trends - Fall 2020 - Yardi Matrix Blog","description":"San Antonio\u2019s multifamily market showed resilience during the second and third quarters, with the metro\u2019s fundamentals outperforming major markets and the nation.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/san-antonio-real-estate-market-trends-fall-2020\/","og_locale":"en_US","og_type":"article","og_title":"San Antonio Real Estate Market Trends - Fall 2020","og_description":"San Antonio\u2019s multifamily market showed resilience during the second and third quarters, with the metro\u2019s fundamentals outperforming major markets and the nation.","og_url":"https:\/\/www.yardimatrix.com\/blog\/san-antonio-real-estate-market-trends-fall-2020\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2021-01-06T09:16:04+00:00","article_modified_time":"2023-03-10T08:15:18+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/12\/San-Antonio-iStock-1267343318.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Anca Gagiuc","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/san-antonio-real-estate-market-trends-fall-2020\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/san-antonio-real-estate-market-trends-fall-2020\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"San Antonio Real Estate Market Trends &#8211; 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