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Market Report

San Antonio Office Market Report

2Q 2022

Northwest San Antonio Retains Reputation as Metro
Focal Point for Office Sector Participants

Talent pool and major employers aid Northwest leasing. A single submarket was responsible for one-third of the metro's net absorption over the past year ended in March, as Northwest San Antonio's occupied stock grew by 315,000 square feet. Home to several of the market's largest employers, the area boasts an environment plentiful with skilled professionals and collaborative opportunities. This submarket houses 10 of the 30 biggest firms by number of local personnel, headlined by USAA, UT Health Science, University Health System, Southwest Research Institute and Valero Energy. These organizations employ a combined 40,000 local workers, serving as a foundation for office demand. During the past two quarters, a collective of organizations from a variety of industries inked new leases here, including the Federal Government, LJA Engineering, the NRP Group and Catamount Constructors.
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