San Antonio absorbed 1,967 units in Q2 2025, which measured above the 10-year average for Q2 of 1,790 units, marking the tenth straight quarter of positive demand, though gains were concentrated in a handful of key submarkets.
Click Here
Deliveries outpaced demand by over 4,000 units in the trailing 12-month period ending in June, but construction starts have plunged to their lowest since 2015, and the pipeline is finally thinning, pointing to easing supply pressures by later this year.
Click Here
Rents declined 1.7% year-over-year and occupancy fell to 88.5%, but both metrics have begun to stabilize in recent quarters, suggesting the market may be nearing a turning point in 2025.
Click Here
MARKET OUTLOOK
San Antonio’s apartment market continued to show healthy demand in Q2 2025, with net absorption totaling 1,967 units...
