Market Report
San Antonio Multifamily Market Report
2025 Investment Forecast
Suburban Developments Underway,
Supporting Large Population of Young Professionals
Swift development bolstered by strong in-migration associated with Sunbelt. San Antonio continues to grow at its borders with a near record number of apartments slated to open, heaviest in New Braunfels, Far Northwest and South San Antonio. The metro continues to be popular with Gen Z and other young professionals, drawn by a lower cost of living compared with the Northeast and West Coast, as well as job opportunities at large companies headquartered here, such as USAA, Valero and H-E-B. Approximately 41 percent of the total male population has never been married, a lifestyle often associated with home ownership, which has helped Class A vacancy to maintain a rate below the metrowide average since 2022. Notably, submarkets in the western half of San Antonio have been highly sought-after by renters, especially in the Northwest where the median age is under 30. This area’s proximity to The University of Texas at San Antonio, combined with a direct travel route to downtown, may allow Class A vacancy here to hold below the metrowide mean throughout 2025.
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