San Antonio, TX - Office Market Overview
The San Antonio real estate market includes the San Antonio Downtown, Near Northwest, and North Central office space submarkets. With a metropolitan population of nearly 2.4 million, the economy continues to thrive due to an energetic mix of defense, healthcare, and tourism industries, creating powerful demand in the San Antonio office market for white-collar employment.
As of mid-2017, the San Antonio office market encompasses over 41 million square feet of existing office space in properties larger than 50,000 square feet. San Antonio has been one of the top 10 fastest growing large cities in the United States, with a strong demand for Class A office space.
San Antonio, TX - Office Inventory Description
Located midway between South Texas and Central Texas, San Antonio lies in the southwestern corner of the Texas Triangle Urban mega region. With a gross metropolitan product of over $113 billion annually there is consistent demand for white collar office employment. Over 51% of the office space in San Antonio is Class A or A+, while Class B inventory adds another nearly 48% of space to the San Antonio commercial real estate market.
The Thousand Oaks office submarket in San Antonio boasts some of the best demand for Class A office space in the city. Located along State Route 281 just north of Wurzback Parkway, this neighborhood is home to prime office property such as the Comerica Bank Plaza and the One Thousand Oaks office building on San Pedro Avenue.
San Antonio, TX Commercial Inventory Breakdown
Office Spaces
Total: 51,306,281 SF
By square footage range:
- 50k to 100k SF: 13,197,078 SF / 25.72% of total office
- 100k to 500k SF: 29,091,872 SF / 56.7% of total office
- 500k to 1M SF: 2,689,520 SF / 5.24% of total office
- > 1M SF: 6,327,811 SF / 12.33% of total office
By class:
- Class A+: 462,000 SF / 0.9% of total office
- Class A: 23,259,820 SF / 45.34% of total office
- Class B: 26,307,796 SF / 51.28% of total office
- Class C: 700,587 SF / 1.37% of total office
Top 10 Largest Office Buildings
in San Antonio
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| USAA Corporate Headquarters | 9800 Fredericksburg Road, 78288 | 5,127,811 | 1976 |
| Rackspace Global Headquarters | 1 Fanatical Place, 78218 | 1,200,000 | 2007 |
| Well Fargo Wiseman Campus | 4101 Wiseman Blvd, 78251 | 843,668 | 1993 |
| 3500 Wiseman Blvd | 3500 Wiseman Blvd, 78251 | 685,000 | 1998 |
| Ridgewood Park - 19100 Ridgewood Pkwy | 19100 Ridgewood Pkwy, 78259 | 618,017 | 2008 |
| Bank of America Plaza | 300 Convent Street, 78205 | 542,835 | 1983 |
| Weston Centre | 112 East Pecan Street, 78205 | 490,871 | 1989 |
| Frost Tower | 111 West Houston Street, 78205 | 462,000 | 2019 |
| 100 Citibank Drive | 100 Citibank Drive, 78245 | 461,589 | 1992 |
| One Valero Way - Buildings A, B, C, E & F | 1 Valero Way, 78249 | 435,890 | 2004 |
Most Recently-Built Office Buildings
in San Antonio
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Farinon Business Park - Building II | 12707 Silicon Drive, 78249 | 102,699 | 2018 |
| Project Tech | 3203 General Hudnell Drive, 78226 | 86,442 | 2018 |
| Holt Cat Headquarters | 3302 South W.W. White Road, 78222 | 85,000 | 2018 |
| Pinnacle Oaks Tech Center - Phase I | 4885 West Loop, 78249 | 80,532 | 2018 |
| The Oaks at University Business Park - Building 4 | 12447 Network Blvd, 78249 | 65,048 | 2018 |
| Security Service Federal Credit Union Corporate Campus | 15000 Interstate 10 West, 78230 | 270,000 | 2017 |
| Landmark One | 15727 Anthem Pkwy, 78249 | 169,351 | 2017 |
| Vista Corporate Center | 13805 Interstate 10 Frontage Road, 78249 | 150,735 | 2017 |
| Westside Service Center | 3302 North Ellison Drive, 78251 | 102,996 | 2017 |
| One51 Office Centre - Phase 2 | 9810 State Highway 151, 78251 | 101,401 | 2017 |
San Antonio, TX - Green Office Space
The 2017 National Green Building Adoption Index looked at commercial office properties in the top 30 major U.S. markets and found that the share of green certification has increased from less than 5% in 2005 to 38% as of mid-2017.
While not yet ranking in the Top 30 Green Office Markets in the U.S., green office space in San Antonio is on the rise, with over 60 LEED-certified projects scattered throughout the metropolitan area.
The Trane Office Building was at the head of the green office trend in San Antonio, when back in 2009 it become the fourth LEED-certified building in the city. This 32,000-square-foot property set the green benchmark for interior tenant improvements and was awarded the LEED Silver certification in areas including water efficiency, indoor environmental quality and innovation in design.
San Antonio, TX's Top Office-Using Sectors
In addition to San Antonio's strong defense and healthcare industry sectors, the higher education, energy, and tourism segments also play major roles in creating demand for commercial real estate in San Antonio.
- Energy – Valery Energy, Tesoro Corporation, and NuStar Energy are just three examples of Fortune 500 energy companies that are headquartered in San Antonio.
- Tourism – Over 26 million national and international visitors arrive in San Antonio each year, attracted by destinations such as the The Alamo, the Downtown River Walk, and the Sea World and Six Flags Fiesta Texas theme parks.
- Education – San Antonio is home to 31 higher education institutions that consistently add to the demand for office space in San Antonio, including the University of Texas Health Science Center, Texas A&M - San Antonio, and the University of Texas as San Antonio.
- Corporate Offices – The demand for white-collar Class A office space in San Antonio also comes from numerous other company headquarters such as Carenet Healthcare Services, Eye Care Centers of American, Rackspace, NewTek, and Kinetic Concepts.
San Antonio Demographics
Population
- Total Population1,413,881
- Male Population(48.9 %) 691,706
- Female Population(51.1 %) 722,175
- Median Age32.90
Income/Financial
- Average Household Income$62,618
- Median Household Income$46,744
- Median Income Under 25$24,128
- Median Income 25-44$49,180
- Median Income 45-64$54,194
- Median Income Over 65$38,160
- Castle Hills Demographics
- Downtown San Antonio Demographics
- Encino Park Demographics
- Forest Crest Demographics
- Fort Sam Houston Demographics
- Gillette Demographics
- Government Hill Demographics
- Greater Dellview Demographics
- Heritage Demographics
- Kelly - South San Pueblo Demographics
- Live Oak Demographics
- Midtown San Antonio Demographics
- Near Northwest San Antonio Demographics
- North Central San Antonio Demographics
- Northeast Inner Loop Demographics
- Northwest San Antonio Demographics
- Oakland Estates Demographics
- Potranco Demographics
- River Road Demographics
- San Antonio International Airport Demographics
- Shavano Park Demographics
- South Central San Antonio Demographics
- Stone Oak Demographics
- Thousand Oaks Demographics
- Valley Forge Demographics
- Vance Jackson Demographics
- West Commerce Demographics
- Woodridge Demographics
News
2018 Texas Office Survey – 40% of Workers Think Parking Is the Most Attractive Perk
January 30, 2019
Highlights Roughly 37% of Texans work in private offices, only 9% in coworking offices For 47% of workers, privacy is what makes them the happiest at the office High noise levels and little natural light sink workplace morale Free food, drinks and parking are the most craved perks for Texas offi...
2018 Office Check-In: Top US Markets for Development, Largest Projects of the Year
September 20, 2018
We’re almost halfway through H2 2018, and it’s high time to check up on construction activity, as well as the state of the U.S. office pipeline when compared to previous analyses. Last year around the same time, we looked at top U.S. cities for office delivery during the fall-winter season, and ...
Winners and Losers in the Labor Market – US States and Metros with the Highest Income Inequality
August 21, 2018
Ever since Gordon Gekko uttered his now infamous credo, “greed is good,” many economists have been concerned with the long-term effects of the growing income inequality in the U.S. While free-market enthusiasts see things differently, inequality has become a recurring topic within our new...
Cities near San Antonio, TX
San Antonio, TX zip codes
- 78201 Office Space
- 78204 Office Space
- 78205 Office Space
- 78207 Office Space
- 78209 Office Space
- 78212 Office Space
- 78213 Office Space
- 78215 Office Space
- 78216 Office Space
- 78217 Office Space
- 78218 Office Space
- 78222 Office Space
- 78224 Office Space
- 78226 Office Space
- 78228 Office Space
- 78229 Office Space
- 78230 Office Space
- 78231 Office Space
- 78232 Office Space
- 78233 Office Space
- 78234 Office Space
- 78238 Office Space
- 78240 Office Space
- 78245 Office Space
- 78248 Office Space
- 78249 Office Space
- 78251 Office Space
- 78256 Office Space
- 78258 Office Space
- 78259 Office Space
- + More - Less
Neighborhoods
- Arena District Office Space
- Castle Hills Office Space
- Downtown San Antonio Office Space
- Encino Park Office Space
- Forest Crest Office Space
- Fort Sam Houston Office Space
- Gillette Office Space
- Government Hill Office Space
- Greater Dellview Office Space
- Heritage Office Space
- Hill Country Village Office Space
- Kelly - South San Pueblo Office Space
- Live Oak Office Space
- Midtown San Antonio Office Space
- Near Northwest San Antonio Office Space
- North Central San Antonio Office Space
- Northeast Inner Loop Office Space
- Northwest San Antonio Office Space
- Oakland Estates Office Space
- Potranco Office Space
- River Road Office Space
- San Antonio International Airport Office Space
- Shavano Park Office Space
- South Central San Antonio Office Space
- Stone Oak Office Space
- Thousand Oaks Office Space
- Valley Forge Office Space
- Vance Jackson Office Space
- West Commerce Office Space
- Woodridge Office Space
- + More - Less
Cities near San Antonio, TX
- Balcones Heights Commercial Real Estate
- Castle Hills Commercial Real Estate
- Hill Country Village Commercial Real Estate
- Hollywood Park Commercial Real Estate
- Leon Valley Commercial Real Estate
- Live Oak Commercial Real Estate
- Shavano Park Commercial Real Estate
- Von Ormy Commercial Real Estate
- Windcrest Commercial Real Estate