2024 Office Space Rent & Sales
- $26.70 2024 Avg. Asking Rent
- 1.96% Y-o-Y Avg. Asking Rent Change
- 20.96% 2024 Office Vacancy Rate
- $88.4M2024 Total Office Sales
- $167.62Avg. Sale Price/SF
San Antonio office price per square foot in 2024 was $26.70 on average. This marked a +1.96% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 20.96% across all asset classes combined. The 8 transactions that closed here throughout 2024 amounted to a total sale volume of $88.4M. San Antonio office space commanded an average sale price per square foot of $167.62.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- San Antonio Class A & A+ Office Space$29.97
- San Antonio Class B Office Space$25.47
- San Antonio Class C Office Space$21.16
- Texas Class A & A+ Office Space$38.26
- Texas Class B Office Space$24.71
- Texas Class C Office Space$19.84
San Antonio, TX Office Asking Rents by Class
Average office rent in San Antonio rested at $26.70 per square foot in 2024. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in San Antonio averaged $29.97 per square foot. Across all submarkets, class B office space recorded an average asking rent of $25.47 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $21.16 per square foot, on average. Comparably, statewide Texas average office rents by class in 2024 were: $38.26 per square foot for class A office space; $24.71 per square foot for class B office space; $19.84 per square foot for class C office space.
2024 Office Vacancy Rates in San Antonio
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Outlying Bexar County | $32.63 | 13.27% |
| Northwest San Antonio | $30.36 | 22.28% |
| Airport | $29.19 | 20.44% |
| East San Antonio | $28.43 | 15.78% |
| Northeast San Antonio | $27.50 | 22.25% |
| I-10 Corridor | $25.82 | 15.06% |
| San Antonio CBD | $25.00 | 41.36% |
| Far West San Antonio | $24.80 | 36.34% |
| South San Antonio | $22.91 | 23.38% |
| West San Antonio | $22.67 | 23.82% |
Coworking Spaces in Texas
- Houston Coworking Space
- Dallas Coworking Space
- Denver Coworking Space
- Austin Coworking Space
- Nashville Coworking Space
- San Antonio Coworking Space
- Phoenix Coworking Space
- Salt Lake City Coworking Space
- Plano Coworking Space
- Scottsdale Coworking Space
- Fort Worth Coworking Space
- New Orleans Coworking Space
- Kansas City Coworking Space
- St. Louis Coworking Space
- Tulsa Coworking Space
- Boulder Coworking Space
- Colorado Springs Coworking Space
- Memphis Coworking Space
- Omaha Coworking Space
- Tucson Coworking Space
- Chattanooga Coworking Space
2024 Office Construction in San Antonio, TX
- San Antonio, TX Total SF completed in 2024 403,487
- San Antonio, TX Total SF under construction in 2025 354,176
During 2024, 403,487 square feet of new office space were delivered across the market. At the close of 2024, the San Antonio office inventory included 4 buildings equal to or larger than 25,000 square feet, which comprised 403,487 square feet of office space. Looking forward, development activity throughout 2025 is estimated to add 354,176 square feet of office space to the market, before year-end.
| Office building | Address | SF | Completed |
|---|---|---|---|
| WatersEdge - Building 1 | 7515 Inner Circle Road, 78235 | 105,702 | 2024 |
| WatersEdge - Building 2 | 7611 Inner Circle Road, 78235 | 105,702 | 2024 |
| WatersEdge - Building 2 | 7611 Inner Circle Road, 78235 | 105,700 | 2024 |
| 4318 De Zavala Rd | 4318 De Zavala Rd, 78230 | 14,290 | 2024 |
| Jefferson Building | 1900 Broadway Street, 78215 | 232,037 | 2023 |
| Inwood Village II | 2806 West Bitters Road, 78248 | 74,265 | 2023 |
| Farinon Business Park - Building III | 5818 Farinon Drive, 78249 | 84,890 | 2022 |
| Indian Woods Business Park | 4306 De Zavala Rd, 78230 | 68,886 | 2022 |
| Indian Woods Business Park | 4306 De Zavala Rd, 78230 | 68,886 | 2022 |
| Legent Westover Hills Medical Office Building | 10622 State Route 151, 78251 | 58,805 | 2022 |
Worth noting among recent office completions on the San Antonio market is WatersEdge - Building 1, which is currently the largest new office development in the city, at 105,702 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all San Antonio commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.