San Antonio, TX Office Overview
The San Antonio market includes the Downtown, Near Northwest, and North Central 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.
As of mid-2017, the market encompasses over 41 million square feet of existing office space in properties larger than 50,000 square feet. San Antonio has also been one of the top 10 fastest growing large cities in the country.
San Antonio, TX Office Inventory Description
San Antonio lies in the southwestern corner of the Texas Triangle Urban mega region. With an annual gross metropolitan product of over $113 billion, there is consistent demand for employment. Over 51% of the office space is Class A or A+, while Class B adds another 48%.
The Thousand Oaks submarket boasts some of the best demand for office space in the city. Located along SR-281 just north of Wurzback Parkway, this neighborhood is home to prime office properties such as Comerica Bank Plaza and One Thousand Oaks.
San Antonio, TX Commercial Inventory Breakdown
Office Spaces
Total: 55,002,989 SF
By square footage range:
- 50k to 100k SF: 13,633,350 SF / 24.79% of total office
- 100k to 500k SF: 31,352,308 SF / 57% of total office
- 500k to 1M SF: 2,689,520 SF / 4.89% of total office
- > 1M SF: 7,327,811 SF / 13.32% of total office
By class:
- Class A+: 462,054 SF / 0.84% of total office
- Class A: 23,807,719 SF / 43.28% of total office
- Class B: 26,096,781 SF / 47.45% of total office
- Class C: 1,387,064 SF / 2.52% 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 |
| Parkline | SEC UTSA Blvd & Bentley Wells, 78249 | 1,000,000 | n/a |
| Wells 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 | 462,054 | 2019 |
| 100 Citibank Drive | 100 Citibank Drive, 78245 | 461,589 | 1992 |
Most Recently-Built Office Buildings
in San Antonio
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Frost Tower | 111 West Houston Street, 78205 | 462,054 | 2019 |
| Paul Elizondo Adult Behavioral Health Clinic | 928 West Commerce Street, 78207 | 152,000 | 2019 |
| Inwood Village Business Park - Building I | 2722 West Bitters Road, 78248 | 77,035 | 2019 |
| Sunset Professional Building | 430 West Sunset Road, 78209 | 58,000 | 2019 |
| 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 |
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. Frost Tower, completed in 2019, is a LEED-Certified Silver trophy property boasting more than 462,000 square feet of office and retail space in Downtown San Antonio.
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.
- Energy – Valery Energy, Tesoro Corporation, and NuStar Energy.
- Tourism – Over 26 million national and international visitors arrive in San Antonio each year, attracted by destinations such as The Alamo, River Walk, and the Sea World and Six Flags Fiesta Texas theme parks.
- Education – San Antonio is home to 31 higher education institutions, including the University of Texas Health Science Center, Texas A&M - San Antonio, and the University of Texas as San Antonio.
- Corporate Offices – USAA, Carenet Healthcare Services, Eye Care Centers of American, Rackspace, NewTek, and Kinetic Concepts.
San Antonio Demographics
Population
- Total Population1,461,623
- Male Population(49.2 %) 719,677
- Female Population(50.8 %) 741,946
- Median Age33.20
Income/Financial
- Average Household Income$66,799
- Median Household Income$49,711
- Median Income Under 25$26,298
- Median Income 25-44$51,245
- Median Income 45-64$57,185
- Median Income Over 65$41,065
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