The San Antonio commercial real estate market is demonstrating notable resilience as it adapts to post-pandemic realities.
Recent data from CBRE indicates that the city’s overall commercial property vacancy rate has decreased to 9.1%, down from 11.3% in 2025, signaling a recovery as demand for office and retail spaces rebounds.
One of the most significant drivers of this recovery is the increasing interest in mixed-use developments. The Pearl Brewery complex, a historic revitalization project, has seen new tenants flock to its premises, including a high-end grocery store and several trendy restaurants, attracting both local residents and tourists.
“We are witnessing a shift in how people want to work and live,” remarked Anna Rodriguez, Senior Vice President of CBRE in San Antonio. “Mixed-use developments are the future of commercial real estate in our city.”
Additionally, new construction projects are on the rise, with over 1 million square feet of office space currently under development. This includes the ambitious San Antonio North project, which aims to create a 200,000 square-foot office park designed to attract technology firms and startups.
Furthermore, the retail sector is also adapting, with e-commerce companies looking to establish brick-and-mortar presences in the region. Companies like Target and Walmart are actively seeking retail spaces to cater to local consumers, leading to an uptick in leasing activity.
The San Antonio industrial sector has similarly fared well, with a reported increase in demand for warehouse and distribution centers. The city’s strategic location and transportation infrastructure make it an attractive hub for logistics and distribution companies.
As companies continue to pivot in response to changing consumer behaviors, the San Antonio commercial real estate market is expected to remain vibrant, with opportunities for growth in various sectors.