{"id":8958,"date":"2024-11-07T08:30:00","date_gmt":"2024-11-07T08:30:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8958"},"modified":"2025-06-24T08:37:03","modified_gmt":"2025-06-24T08:37:03","slug":"san-antonio-multifamily-market-report-october-2024","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/san-antonio-multifamily-market-report-october-2024\/","title":{"rendered":"San Antonio Multifamily Market Report \u2013 October 2024"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <a href=\"\/blog\/san-antonio-multifamily-market-report\/\"><strong>San Antonio Multifamily Market Report<\/strong><\/a>.<\/p>\n\n\n<hr \/>\n<h2>Rents, Occupancy Fall Under Robust Supply<\/h2>\n<p>San Antonio\u2019s strong job and population growth supports its fundamentals, but high supply and economic uncertainty continue to pressure rents and investment activity, as per the latest Yardi Matrix San Antonio multifamily market report. The average advertised asking rent slid 0.1% on a trailing three-month basis through August, to $1,257. The figure was also down 2.4% year-over-year, while the U.S. rate improved 0.8%. Occupancy in stabilized properties decreased 80 basis points year-over-year, to 91.4%, as of July.<\/p>\n<p><iframe id=\"datawrapper-chart-jKa2T\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"San Antonio vs. National Rent Growth \" src=\"https:\/\/datawrapper.dwcdn.net\/jKa2T\/1\/\" height=\"328\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n<p>Job growth decelerated 2.4%, or 23,800 net jobs, in the 12 months ending in June, trailing only Las Vegas (3.5%) among major markets and well above the 1.3% U.S. rate, according to the most recent <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>national multifamily report<\/strong><\/a>. Only the information sector lost jobs, down 800 positions. Meanwhile, San Antonio\u2019s unemployment rate marked a 20-basis-point month-over-month improvement to 4.0% in July, according to preliminary data from the Bureau of Labor Statistics, outperforming the U.S. (4.3%) and Texas (4.1%). Education and health services led job gains, adding 6,200 positions. UT San Antonio and UT Health San Antonio have announced a merger by 2025, which would create the state\u2019s third-largest public research university. In addition, the data center industry is growing rapidly.<\/p>\n<p><iframe id=\"datawrapper-chart-OU6kp\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"San Antonio City Employment Share by Sector \" src=\"https:\/\/datawrapper.dwcdn.net\/OU6kp\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n<p>Deliveries in 2024 through August totaled 5,944 units, with another 17,531 units underway, even as starts slowed. Meanwhile, investors traded just $270 million in multifamily assets, for a price per unit down some 10% year-to-date, to $108,416, as of August.<\/p>\n<p>Read the full Yardi Matrix San Antonio Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/6366-MatrixMultifamilySanAntonioReport-October2024\" rel=\"\"><strong>October 2024<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Rents, Occupancy Fall Under Robust Supply San Antonio\u2019s strong job and population growth supports its fundamentals, but high supply and economic uncertainty continue to pressure rents and investment activity, as per the latest Yardi Matrix San Antonio multifamily market report. The average advertised asking rent slid 0.1% on a trailing three-month basis through August, to [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":8034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[511,125],"class_list":["post-8958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2024","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 October 2024 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Advertised asking rents in San Antonio fell 2.4 percent YoY in August to $1,257, while the U.S. growth rate rose 0.8 percent.\" \/>\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-october-2024\/\" \/>\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 October 2024\" \/>\n<meta property=\"og:description\" content=\"Advertised asking rents in San Antonio fell 2.4 percent YoY in August to $1,257, while the U.S. growth rate rose 0.8 percent.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/san-antonio-multifamily-market-report-october-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-07T08:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-24T08:37:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/06\/Matrix-Multifamily-Metro-October-2024-San-Antonio.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=\"Adina Rogoz\" \/>\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=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"San Antonio Multifamily Market Report \u2013 October 2024 - 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