{"id":9636,"date":"2025-06-16T09:28:00","date_gmt":"2025-06-16T09:28:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9636"},"modified":"2025-11-13T09:36:43","modified_gmt":"2025-11-13T09:36:43","slug":"san-antonio-multifamily-market-report-may-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/san-antonio-multifamily-market-report-may-2025\/","title":{"rendered":"San Antonio Multifamily Market Report \u2013 May 2025"},"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>Occupancy Drops, Rents Improve<\/h2>\n<p>San Antonio fundamentals were mixed at the end of 2025\u2019s first quarter, as per the latest Yardi Matrix San Antonio multifamily market report. While rent growth rebounded on a trailing three-month basis, up 0.1% to $1,254 in March, it was still down on a yearly basis. Year-over-year, San Antonio asking rents slid 1.0%, while the U.S. rate posted a 1.0% increase, to $1,755, according to the most recent <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>national multifamily report<\/strong><\/a>. Occupancy in stabilized properties dropped another 50 basis points year-over-year, to a particularly low 90.8% as of February.<\/p>\n<p><iframe id=\"datawrapper-chart-HrO7c\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"San Antonio vs. National Rent Growth \" src=\"https:\/\/datawrapper.dwcdn.net\/HrO7c\/1\/\" height=\"329\" 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,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();<br \/>\n<\/script><\/p>\n<p>The metro\u2019s job growth was among the strongest in the U.S., at 1.8% as of January, well ahead of the 1.0% national average. The market added 22,000 net jobs in 12 months. Meanwhile, the unemployment rate stood at 3.7% as of March, lower than both the U.S. (4.2%) and Texas (4.1%) figures, according to preliminary Bureau of Labor Statistics data. All employment sectors added jobs in San Antonio, with the highest gains recorded in leisure and hospitality (6,500 jobs), education and health services (5,800 jobs) and government (3,200 jobs). Noteworthy projects in the metro include the Center for Brain Health at UT Health Science Center San Antonio, slated to open in December, and Innovation Tower, a component of the 1,900-acre Tech Port innovation campus.<\/p>\n<p><iframe id=\"datawrapper-chart-zOzit\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"San Antonio Employment Share by Sector \" src=\"https:\/\/datawrapper.dwcdn.net\/zOzit\/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,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();<br \/>\n<\/script><\/p>\n<p>Developers delivered 2,273 units in 2025 through March and had another 15,601 units underway, but new construction is slowing from its historic peak. Investment nearly halted, totaling just $538 million in 2024, with the per-unit average up 4.6% year-over-year.<\/p>\n<p>Read the full Yardi Matrix San Antonio Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/7368-MatrixMultifamilySanAntonioReport-May2025\" rel=\"\"><strong>May 2025<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Occupancy Drops, Rents Improve San Antonio fundamentals were mixed at the end of 2025\u2019s first quarter, as per the latest Yardi Matrix San Antonio multifamily market report. While rent growth rebounded on a trailing three-month basis, up 0.1% to $1,254 in March, it was still down on a yearly basis. Year-over-year, San Antonio asking rents [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":8960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[513,125],"class_list":["post-9636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2025","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 May 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"San Antonio\u2019s advertised asking rents inched up 0.1 percent on a T3 basis through March to $1,254, marking the first uptick in nine months.\" \/>\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-may-2025\/\" \/>\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 May 2025\" \/>\n<meta property=\"og:description\" content=\"San Antonio\u2019s advertised asking rents inched up 0.1 percent on a T3 basis through March to $1,254, marking the first uptick in nine months.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/san-antonio-multifamily-market-report-may-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-16T09:28:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-13T09:36:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/11\/San-Antonio-iStock-2209345776-MHN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\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 May 2025 - 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