San antonio multifamily market report 2021 The strengthening economy has Renters have a slight edge when it comes to price in San Antonio’s apartment market today, but it’s an advantage that might not last. com CONTACT San Antonio. Among the markets that stood out was San Antonio. [] Picking Up the Pace. BERKADIA 2 SAN ANTONIO, T Employment Trends San Antonio multifamily builders added nearly 9,020 units annually through the second quarter of 2024. Some 156. 92 per sq. 0% 3Q 2024 QUARTERLY NET DEMAND 6,843 After experiencing some of the highest rent growth in the nation at 15. Salt Lake City Multifamily Market Report – October 2024. Salt Lake City Multifamily Market Report San Antonio Arbor recently published its 2022 Top Opportunities in Large Multifamily Investment Report. fundamentals. Add Comment. The occupancy rate rose 0. the market has demonstrated resilience since The multifamily market may see additional strain from continuing high-levels of new supply and higher interest rates but remains a favorable asset class given the expensive for-sale market and demographic trends. Forecast DEMAND / DELIVERIES OVERALL VACANCY & EFFECTIVE RENT YoY Chg Source: BLS, Moody’s Analytics YoY Chg SAN ANTONIO Multifamily Q4 2021 Source: ApartmentTrends. 9% annually at the end of 2021, San Antonio 3Q 2024 Market Report San Antonio; Salt Lake City; Southeast. S affordable in San Antonio, relative to other major Texas metros, and is often a competitive substitute to the multifamily market for residents. Chris Nebenzahl September 8, 2023; Between June and July, the MSA lost a combined 7,900 jobs, and marked the first time San Antonio had net job losses since early 2021. SubMarkets and Suburbs Dallas metro Ft Worth metro Houston metro Austin metro San Antonio metro OKC metro Tulsa metro. Worth and one in San Antonio. 07 during the first quarter of 2024 and then remained flat in the second quarter of 2024 due to the large number of new A class properties entering the market. Salt Lake City Read the full Matrix Multifamily Denver Report-Summer 2021. 75% SAN ANTONIO, TEXAS (September 30, 2021) - San Antonio’s rebounding economic drivers, growing population, robust renter demand and impressive rent growth are making the market a top pick for multifamily investors. Real Estate Trends. housing market than in any period since the 1970s. 3% on a trailing three-month basis through March to an overall average of $1,274. By Anca Gagiuc. San Antonio's San Antonio proved resilient following the onset of the pandemic and the city’s multifamily market benefited from an influx of work-from-home employees. MARKET REPORT 2Q/2020| San Antonio Multifamily NORTHMARQ. March 29, 2021. Austin (-25,000 YOY), Dallas/Ft. 6 billion in 2021 through July, placing Phoenix in the top spot for investment among major metros. The population in San Francisco has declined by about 2% since 2019, however employment numbers continued to recover in 2021. 4% gain on a trailing three-month (T3) basis and up Cushman & Wakefield's quarterly multifamily report on market activity. San Antonio, TX. 2021) 3. com to read property details & contact the listing broker. These market reports will provide you with valuable insights on the latest multifamily and demographic trends to help you better navigate the current economic landscape and set your strategy for the remainder of Houston Multifamily Market Report: Analysis of vacancy rates, rent growth and San Antonio (-2. Forecast San Antonio Unemployment Rate (Dec. • Texas’ population increased by 470,708 people since July 2021, the largest gain in the nation. pdf; Most Recent National National / Manufactured Housing MHC Market Report 1H 2022. Read the full Matrix Multifamily San Antonio Report-May 2023. San Antonio Multifamily Market Report – October 2024. These two forces combined to push the local vacancy rate higher, but the pace of increases has been gradual and has not shocked MARKET REPORT 1Q/2021| San Antonio Multifamily NORTHMARQ. ft. November 7, 2024. Overall, 2021 was a year of records for the U. Prepared by: Aimée LaMontagne Baumiller. Click here to post a comment. April 29, 2021. – Harris County grew 1. 6% on a trailing three-month basis through August, to $2,343. Click here to post Multifamily Construction News. The market operated close to equilibrium throughout much of 2022, but there could be added supply-side pressures in the coming year. Pittsburgh, PA 15222 . San Antonio’s economy recovered all jobs lost during the pandemic and entered expansion mode, but progression has slightly moderated, as some of the market’s main economic Houston, TX Multifamily Market Report Market Overview. 214-919-0168 info@estateserve. 9%) remained in the leading ranks, while the bottom spots were taken by Kansas City (6. Heading Out Of the Woods. Market 192,122 5,610 3. Read Credit: Scott Ball / San Antonio Report. The Baltimore market is moving forward and registering record gains, on par with nationwide trends. multifamily market, according to Yardi Matrix’s survey: The annual rent growth of 13. 0%, up from Charm City Presses On. By Jeff Hamann. But here's where it gets 3Q 2021 | BAY AREA || MULTIFAMILY KIDDER MATHEWS 2021 MARKET TRENDS | BAY AREA MULTIFAMILY 3RD QUARTER VACANCY | UNEMPLOYMENT | RENTAL RATE | CONSTRUCTION DELIVERIES Market Breakdown 3Q 2021 1Q 2021 3Q 2020 Annual % Change New Construction 4,446 2,883 5,789 -23. Q3 - Austin Multifamily Report. pdf; View Property Listings; Market Research; Home; About . Multifamily sales activity picked up in recent months although year-to-date sales velocity is down from 2022 levels SAN ANTONIO, TX MULTIFAMILY REPORT 2024 | MID-YEAR. Multifamily 2024 Outlook Find out the latest economic and multifamily trends impacting the San Antonio metro. Vacancies drop to a four-year low, rents rise, and investment activity accelerates. Read the full Matrix Multifamily San Antonio is the 23rd largest multifamily market with 213,098 completed units and 50,592 units in development. 4Q23 AUSTIN MULTIFAMILY MARKET UPDATE Market Snapshot NEWMARK MULTIFAMILY CAPITAL MARKETS REPORT 0 2,000 4,000 6,000 8,000 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 Units Absorbed New Units Added Supply and Demand and San Marcos. About the author. Corina Stef. COSTAR San Antonio’s multifamily sales volume during 2021 totaled $712M, representing a 10. View All Posts. Real Capital Analytics data reports the cumulative monthly sales volume as of Q1 2022 for San Antonio office properties was $172 million compared to the same time in Q1 2021 at $59 million, an almost 200% increase. San Antonio rents rose 1. Quarter-over-quarter, the vacancy rate decreased 100 basis points from 15. RangeWater’s first venture into San Antonio was a June 2021 acquisition of an Aspen Heights student housing property that the company converted to a market-rate, single-family Storia rental community. rate, according to the most recent national multifamily report. Atlanta’s economic foundation, focused on infrastructure, workforce expansion and small business development proved to be a successful resiliency strategy. Suburban properties made up 80% of sales volume during this period, driven by strong investor interest Q4 2020 and 2021 Texas Multifamily Market Research for Dallas, Ft. 3% from 2023 to 2024; San Antonio is ranked one of the most moved to cities and one of the best cities in Texas to live in for business; Download San Antonio Multifamily Market Update 3Q24 2Q22 SAN ANTONIO MULTIFAMILY MARKET UPDATE (2019-2021) 1,372 new units added YTD SAN ANTONIO REPORT NEWMARK 5. Since the beginning of the year, rents have jumped 8. National Reports; Metro Reports; Brooklyn Multifamily Market Report – Spring 2021. San Antonio Q3 Multifamily Market Report: Vacancies Dip to Four-Year Low, Rents on the Rise. —while the asking price for Class A space in the Central Business District is averaging $30. PNC Real Estate Market Analytics (REMA) 300 Fifth Avenue . Related Demand Outpaces Robust Supply. Atlanta; Inland Empire Multifamily Report – Fall 2021. CBRE , Facebook , The Charles Schwab Corporation , Uber 1Q 2022 | BAY AREA || MULTIFAMILY KIDDER MATHEWS 2022 MARKET TRENDS | BAY AREA MULTIFAMILY 1ST QUARTER VACANCY | UNEMPLOYMENT | RENTAL RATE | CONSTRUCTION DELIVERIES Market Breakdown 1Q22 4Q21 1Q21 % Change From A Year Ago New Construction 964 2,052 2,564 -62. 9% increase in the annual rate. 40% Under Construction 25,129 24,617 25,900 San Jose Multifamily Market Report – Summer 2021. Are You 1031? YES NO Don't know. Texas regularly holds that top spot on the bureau’s TEXAS MULTIFAMILY MARKET REPORT | Q4 2022 - Page 4 - Houston Dallas Austin Fort Worth San Antonio San Antonio Total Market (Units) 724,477 639,738 287,544 250,775 228,391 Q4 2021 3. Atlanta Housing Market Trends – Winter 2021. 4%) grapple with negative rent growth, Houston has managed to keep its head above water. However, with high in-migration supporting demand, Yardi Matrix expects rents to grow by 14. Demand is strong but falling short of supply; rent growth is flat nationally . Midland-Odessa Multifamily Market Report December 2020: Uvalde Texas Multifamily Market Report December 2020: Rio Grande Valley Multifamily Market Report December 2020: San Angelo Texas Multifamily Market Report December 2020: San Antonio Multifamily Market Report December 2020: Texarkana Texas Multifamily Market Report December 2020: Victoria San Antonio Multifamily Market Report – October 2024. Sacramento Multifamily Market Report (23. National office transaction volume totaled $77. In 2020, roughly 42,000 roles were cut San Antonio remains one of the most desirable markets for both renters and investors due to its steady economic growth trajectory. There are signs of the market cooling slightly, as single-family homes SAN ANTONIO MULTIFAMILY MARKET OVERVIEW While property fundamentals in the San Antonio multifamily market softened in recent months, current conditions are closely aligned with the region’s long-term metrics. Customer Service 3-1-1 or Another Record-Breaking Month for Multifamily Multifamily asking rents increased by an extraordinary 8. Jeff Hamann. Effective rental rates continued to reach new heights The pandemic’s disruptions paired with substantial inventory expansion pressured San Antonio’s multifamily fundamentals at the start of San Antonio proved resilient following the onset of the pandemic and the city’s multifamily market benefited from an influx of work-from-home employees. By Anca Gagiuc CBRE | TEXAS MULTIFAMILY MARKET REPORT | Q1 2023 Preface 20062009 2012 2015 2018 2021 Annual Employment Change Recessions US Texas 0 2 4 2 4 6 8 10 12 14 16 San Antonio Total Market (Units) 731,970 642,582 289,290 231,323 230,645 Net Units Delivered Last 4 Quarters 11,908 16,195 13,180 7,472 8,038 Discover the San Antonio Q2 Multifamily Market Insights. San Antonio vacancy at 14% To close out 2022, the overall vacancy is at 14. given the market’s lower costs compared to the Multifamily sales totaled $5. • Class A assets in areas proximate to downtown, such as in North Central and Northwest San Antonio, were targeted last year as buyers sought assets near the metro’s economic heart. 8% year-over-year, while Market Report. Its population expanded by 1. Unemployment Rate (Dec. Boston Multifamily Market Report – Summer 2021. Its population grew by over 100,000 residents between 2010 and 2020, San Antonio Multifamily Market Report – September 2023 The San Antonio market has been among the weakest performing MSAs in the nation over the past year, as a once hot apartment market has turned negative quickly. Although 7% down from Q1 2023 (1,045 . Worth (-23,000) and Houston (-17,500) recorded the fastest pipeline declines nationally, while San Antonio (-11,000) ranked eighth. The outlook calls for continued improvement, although the development pipeline remains full, and deliveries will Complete your Code of Ethics Requirement by December 31, 2024. The Inland Empire’s rental market continued to exhibit most of the same patterns established during the past decade, with the only major curveball being an oscillation in rent growth on a All DFW Dallas Ft Worth Houston Austin San Antonio OKC Tulsa. 2% on a trailing three-month basis through September to $2,640, with the occupancy rate in stabilized properties especially boosted in the Lifestyle segment, at 94. 3% U. Will 4Q 2020 | BAY AREA || MULTIFAMILY KIDDER MATHEWS 2020 MARKET TRENDS | MULTIFAMILY BAY AREA 4TH QUARTER VACANCY | UNEMPLOYMENT | RENTAL RATE | CONSTRUCTION DELIVERIES Market Breakdown 2020 2019 2018 Annual % Change New Construction 13,671 9,970 10,305 37. com San Antonio Multifamily Market Report – October 2024. National Reports; Metro Reports; Philadelphia Multifamily Market Report (Fall 2021) Lucia Morosanu. The multifamily sector has been showing strength, as year-over-year rent expansion returned to pre-pandemic levels. Nearby Montgomery and Fort Bend counties grew 4. Discover the San Antonio Q1 Multifamily Market. Improving in San Antonio. 2021) 1. The least expensive one-bedroom unit in one of the newest Tobin Hill developments, Tin Top Flats at the Creamery, rents for $1,550, according to the property website. Vacancy rates as of Q3 2023 stood at 9. 9% the San Antonio market. Although the recession impacted the San Antonio apartment market, multifamily effective rent growth in the city still remains stable and nearly 15 percent above the national average. Read the full Yardi Matrix report. Currently Own Multifamily in Texas? YES NO. Skip to content. For the data behind the commentary, download the full Q4 Explore San Antonio's 3Q23 Multifamily Market Insights highlighting Class A sales surge and market trends. 1 (214) 679-9673 Jay@MultifamilyBroker. Overall, average rents grew $26 in July to $1,510. 2M San Antonio Employment 4. December 28, 2021. QUARTERLY REPORT | Q3 2023. Development: San Antonio; Salt Lake City; Southeast. Rents are up, absorption has remained positive, although vacancy has inched higher in recent quarters. 8% U. Read More » Boston. Overall, the San Antonio multifamily market is on a positive trajectory, with expectations for improved occupancy rates and a stabilization of rental prices as the market adjusts to the evolving landscape. Real Capital Analytics data reports the quarterly sales volume for Q3 2022 in the San Antonio area at $95 million, down 8% from Q3 2021 at $103 million. • Positive demand returned for the multifamily market in 2023 but at lower rates than seen historically. June 28, 2021. The vacancy rate trended higher, offsetting a slight improvement in the middle of the year, as supply growth has remained elevated. Find out the latest economic and multifamily trends impacting the San Antonio metro. Includes graphs and forecasts for the employment market and multifamily performance. Atlanta; Housing Market Predictions for 2025. 8% on a trailing three-month (T3) basis through September, to an overall average of $2,260. 5 percent is 30 basis points San Antonio Multifamily Market Report – October 2024. 0%, up significantly from last year at 10. San Diego Multifamily Report – Fall 2021. setting the stage for a healthy close to 2021 and a brightening outlook for 2022. tion to Austin has benefited outer cities connecting the market to San Antonio as the metros become increasingly intertwined. S. San Antonio; Salt Lake City; Southeast. city in terms of numeric population growth between 2021 and 2022, NEWMARK MULTIFAMILY CAPITAL MARKETS REPORT Sales Volume 1 SAN ANTONIO, QUARTERLY $50,000 $65,000 $80,000 $95,000 $110,000 $125,000 $140,000 $155,000 $170,000 $0 Multifamily rent growth slows across Texas metros as more supply hits the market. But before we celebrate this relative victory a far cry from the multi-billion dollar volumes we saw in 2021-2022. Renter demand outpaced new supply, driving the area vacancy rate lower and fueling rapid rent growth. The pace of new development should accelerate in the second half of the year. The health crisis had a significant impact on San Jose’s multifamily market, but some sense of recovery arose in the year’s first quarter. National Reports; Metro Reports; Seattle Multifamily Market Report – Fall 2021. Strong demand for Class B units has emerged for the first time since 2021. Activity in the San Antonio multifamily real estate market slowed down slightly in Q3 2022 after high activity in the past two quarters. 5% household increase and 19,930-person net-in migration are projected to boost apartment . 0% from July 2021 to July 2022. Read the full Matrix Multifamily National Report-October 2021 San Antonio multifamily market fundamentals began softening, especially in transaction and new construction volume. National Office Market Report – September 2021. with an inventory of 213,098 completed units as of December 2021. 5 million and has grown by 1. 63% Summary and analysis of San Antonio's current economic and office real estate market conditions. 5 Min with just a 5. The pace of rent growth accelerated while the local vacancy Discover San Antonio's Q4 2020 Multifamily Market with rising vacancies, stable rents, and steady investment activity despite a construction spike. Official website of the City of San Antonio; English Select this as your preferred language. Gateway metros are recovering quickly with substantial month-over-month rent gains. San Antonio has become an investor favorite as the market combines high-growth prospects with value to create an attractive atmosphere for capital. 7 billion in multifamily assets traded, with the per-unit price reaching $400,077. 6 percent in San Antonio is one of the nation’s fastest-growing cities, with an annual growth rate of 1. Despite the negative supply-side pressures on market multifamily construction starts are expected to be 74% below their 2021 peak and 30% below their pre-pandemic The overall San Antonio average asking full-service rent is at $24. Slight vacancy drop, marginal rent increase, and higher sales activity pushes prices higher. 01 | NEWMARK HOUSTON OVERVIEW NEWMARK 2 1. Job growth decelerated 2. The Multifamily Advisory Group provides brokerage disposition services to owners of multifamily properties and San Antonio Multifamily Report. 412-762-9192 . Flat or negative occupancy growth was recorded in nine metros. San Antonio Multifamily Market Overview The San Antonio multifamily market has been mostly stable despite the economic volatility that has occurred in 2020. Columbus, OH. The primary capital composition for buyers in the first quarter was made up of 74% institutional investors, 13% private, and 10% REIT/listed. The standout submarket of 2021 was the far north-central submarket, which ranked within the top three for deliveries, units under construction, 2021 net absorption, and year-over-year San Antonio’s worker count is expect-ed to jump by 4. 6%) San Antonio Multifamily Market Report – October 2024. Read the San Antonio Multifamily Market Report – October 2024. Market Share 2021 to Present Notable 3Q24 Transactions Newmark 40% Knox at Westchase 1999 YOC 518 Units Class A Sales The apartment market in San Antonio today is a mixed bag. 4%), Seattle (6. While general multifamily sales and rental activity are strong, occupancy rates slightly dropped, and cap Market Highlights. com ECONOMIC OVERVIEW: San San Antonio Multifamily Market Report – October 2024. Atlanta; San Jose Multifamily Report – Summer 2021. Download Full Report. 07% Under Construction 23,271 24,432 30,133 -4. 0% San Jose Multifamily Market Report – December 2024. San Antonio’s metro population is over 2. Job losses appear to be scattered across industries as USAA and WellMed, two major employers in the market recently Philadelphia Multifamily Market Report – Summer 2021. Caliza at the Loop is RangeWater’s second community in San Antonio, but its first groundup development here. The metro’s rent movement was negative for four consecutive months, down 0. Apartment vacancy in San Antonio dropped in all four quarters of 2021. 20% Under Construction 21,355 22,678 24,039 Houston Multifamily In Q2 2023, 969 units were absorbed in San Antonio’s multifamily market, moderately up from -63 units in Q2 2022. Read the full Matrix Multifamily Philadelphia Report-Spring 2021. Read the full Matrix Multifamily Phoenix Report II Through August, only 1,829 units had come online, and multifamily sales were at $207 million. All Eyes on Tech. 5% increase from 2020. 4% respectively. 3%) led the nation. Image by yhelfman/iStockphoto. Despite trailing all metros, Read the full Matrix Multifamily National Report-November 2021 . We expect rent loss to be curbed this year, at -1. San Antonio Multifamily Market Report 4Q 2024 . Facebook. 2 Min Read. TO READ THE FULL ARTICLE Sign In/Up To on the path of the recovery. The 3. 19M San Antonio Employment (Dec. 00% San Antonio Multifamily Market Report – September 2023. Additional economic expansion is likely in 2022. Contact Us. 6%. Pandemic-induced turbulence took its toll on the market, but occupancy and rent growth are showing promising signs. Due to an influx of new supply, the multifamily demand in Houston has rebounded significantly since the start of 2023. 02% $1,209 $1. 2M San Antonio Employment 3. Sales activity in the San Antonio multifamily investment market to this point in 2024 is in line with transaction volume recorded during the first San Antonio’s multifamily market was a mixed bag at the start of the second quarter, according to the latest Yardi Matrix San Antonio multifamily market report. SABOR offers FREE, on-demand COE courses that can be completed anytime before the end of December as well as various in-person options. Although it didn’t stand out in any one particular area, it performed 3Q22 SAN ANTONIO MULTIFAMILY MARKET UPDATE growing U. 2021 (152) 2020 (148) 2019 (96) 2018 (50) 2017 (19) 2016 (13) 2015 (11) 2014 (15) 4Q 2021 | BAY AREA || MULTIFAMILY KIDDER MATHEWS 2021 MARKET TRENDS | BAY AREA MULTIFAMILY 4TH QUARTER VACANCY | UNEMPLOYMENT | RENTAL RATE | CONSTRUCTION DELIVERIES Market Breakdown 2021 2020 2019 Annual % Change New Construction 11,524 13,730 10,265 -16. Unemployment Rate 12-Mo. San Diego’s Strong Demand Boosts Occupancy The pandemic’s impact on San Diego’s multifamily market was less severe than the effect on other coastal cities. Q3 2023 San Antonio Multifamily Report. For the data Robust Supply Outpaces Demand. MULTIFAMILY MARKET REPORT | 1Q2024. Laura Calugar. SAN ANTONIO MULTIFAMILY MARKET OVERVIEW Operating conditions in the San Antonio multifamily market were healthy throughout 2022, despite some modest softening in the fourth quarter. Phoenix, Raleigh, Riverside and San Antonio) will peak in 2025. 9%. Philadelphia Multifamily Market Report – Spring 2021. COM Highlights > With property fundamentals stabilizing and investment activity strengthening, the San Antonio multifamily market got off to a strong start to 2021. The multifamily market exhibited Latest updates on the San Antonio Apartment Property Market with the 2022 report. Vacancies were lower at the end of 2022 than they were at the beginning of the year. January 6, 2022. Berkadia’s 2021 San Antonio, Texas Annual Forecast offers valuable insights into market trends, investment opportunities, and key San Antonio Multifamily Market Overview The San Antonio multifamily market continued to strengthen in the second quarter. 2 Market Report. San Antonio Q4 Multifamily Market Report: Investment Activity The overall vacancy rate in the San Antonio office market rose by 30 basis points from the previous quarter, closing at 16. Rank State County July 2021 July 2022 Numeric Growth Percent Growth 1 Arizona Maricopa County 4,494,693 4,551,524 56,831 1. 4%, or 23,800 net jobs, in the 12 months ending in June, trailing only Las Vegas (3. Multifamily Market. Occupancy rose 1. New supply additions have exceeded demand every quarter since Q4 2021; vacancies could continue The average rent for a one-bedroom apartment in Midtown San Antonio is $1,397, slightly higher than the average rent for all of San Antonio, according to rental listing service RentCafe. September 20, 2021. aimee. I. areas include finance pieces for the CPE Capital Markets and MHN Finance & Investment newsletters and metro-focused multifamily market reports for Yardi Matrix. Forecast YoY Chg Source: BLS, Moody’s Analytics YoY Chg SAN ANTONIO Multifamily Q1 2024 DEMAND / DELIVERIES OVERALL VACANCY & EFFECTIVE RENT Source: ApartmentTrends. Queens Multifamily Market Report – Spring 2021. San Antonio Office Market Dynamics | Q4 2024 | JLL Research Skip to main content San Diego Multifamily Market Report – November 2024. The San Antonio area is home to over 400 headquarters and major operations centers, including H-E-B, USAA and the Methodist Healthcare System, as well as the Joint Base San Antonio military installation, according to the Greater SATX Regional Economic Partnership. While Silicon Valley did not rebound as fast as less expensive inland Apartment rents are relatively even with levels recorded in the second quarter of last year due in large part to strong rent growth in the region’s largest submarket, Far North Central San Antonio. Texas metros Houston (9. 8% year-over-year through September, 40 basis points below the rate recorded in the previous month. Meanwhile, developers delivered 5,453 units and had another 33,985 under construction. A trend toward varied housing types continued in San Antonio in 2023. Read on for a comprehensive analysis of the current trends. September 30, 2021. 1%), San Antonio (7. —up from last year’s $23. 5 percent expansion, 100 basis points above the U. 8%). Rents rose 1. 7% for all of 2021. 12% Under Construction 20,602 30,135 29,036-31. 34 per sq. ALEX BABCOCK . May 21, August 2024 Multifamily Cap Rate Report Multifamily Cap Rates Predicted to Remain Flat. 1% U. units), the city has recorded positive absorption in the multifamily sector for four straight quarters. 8%, reflecting steady absorption despite an influx of new supply. The healthy vacancy conditions occurred during a period when San Antonio’s multifamily market continues to thrive, driven by a growing population and rising demand for rental housing. com. 0%) and Austin (3. Meanwhile, $1. pdf; 2024 / Q3 2024. Razvan Cimpean. Heightened [] San Antonio Unemployment Rate 1. San Diego, California, USA downtown skyline. tention to San Antonio amid a strong pandemic performance as well, a trend that could pick back up in the second half of this year. News Housing Market Index. 5% on a trailing three-month basis through August to Pandemic-induced turbulence took its toll on the market, but occupancy and rent growth are showing promising signs. 63% in 2023 to 5. 43 -4. Despite the improvement in 2021, the current vacancy rate of 6. Southwest San Antonio. but the metro had a very strong recovery in 2021 and 2022. Berkadia is excited to announce the official release of our National Multifamily Market Report Q 3 2024 plus more than 70 individual market reports from across the country!. Asking rents have advanced 1. Property Types. Renter demand up, vacancy down, rents rise, sales velocity increases, and cap rates compress. TH[DV DUNV LOGOLIH ONAN3 EVUL TRPTRP DUPLQ RXUVTXDUH SDIH*UDSK AO METI NASA US*S San Antonio Multifamily Market Overview The San Antonio multifamily market performed reasonably well in 2020, despite having demand restrained by the COVID-19 outbreak and an acceleration in new apartment development. Buy: 55%; Hold: 35%; Sell: 10%; 10. Only San Antonio Multifamily Market Report – October 2024. However, Newmark has not verified any such information, and the same constitutes the statements A healthy rebound in hiring, particularly during the fourth quarter, supported the San Antonio multifamily market. Real Estate Boosted by population growth in 2023, San Antonio has the fourth strongest housing market in the U. Research Multifamily Market Reports Austin 3Q 2024 MARKET SNAPSHOT Austin 3Q 2024 AVERAGE RENT $1,570 3Q 2024 OCCUPANCY RATE 91. 7% 12-Mo. Over the years, San Antonio has emerged as a prime destination for homebuyers and San Antonio Multifamily In Q2 2023, 969 units were absorbed in San Antonio’s multifamily market, moderately up from -63 units in Q2 2022. November 22, 2021. The job market still has a lot of ground to cover, The multifamily segment of the market rebounded in 2021. 3% and 3. Just because a best state to buy multifamily properties market isn’t on this list doesn’t mean it is a bad market. San Jose’s multifamily market made good progress in 2021, sustained by unexpectedly strong demand. 7% on a trailing three-month (T3) basis to $1,325 as of August, on par with the national rate of growth. SAN ANTONIO Rents rose another $2 in December, to $1,594, a new record. Image by ravelview/iStockphoto. San Antonio Multifamily Report – Spring 2021. May 21, 2021. Vacancy Rate at 14. Rents averaged $1,601 in October, a 1. Apartment vacancy improved by 40 basis points in the second quarter; this marked the fifth consecutive quarter where the rate fell. The primary capital composition for buyers in 2022 was made up of 53% Inland Empire Stays Steady. Visit Crexi. San Antonio Multifamily Market Report 4Q 2024. At the same time, affordability has drawn additional demand as the metro’s population expands. The San Antonio Housing Market is a fascinating blend of tradition and modernity, where historic charm meets vibrant economic growth. Meanwhile, more than $358 million in multifamily assets traded, for a price per unit that rose to $174,582. As of May, Tampa was among the leading metros in this regard, with rents up 6. SENIOR RESEARCH ANALYST. San Antonio Multifamily Within the past 10 years (Q3 2013), Q3 2020 Q3 2021 Q3 2022 Q3 2023 Thousands (SF) Source: CoStar, Partners Research Deliveries 0 2 4 6 8 10 12 14 16 18 20 Rental properties across the city are under construction with more than 200,000 units in the San Antonio market. Rent growth marked the eighth consecutive month in negative territory, down 0. All information contained in this publication is derived from sources that are deemed to be reliable. The average apartment rent in San Antonio during 2022 rose to $1,200 as the cost of rent grew by 15. Forecast YoY Chg Source: BLS, Moody’s Analytics YoY Chg SAN ANTONIO Multifamily Q2 2024 DEMAND / DELIVERIES OVERALL VACANCY & EFFECTIVE RENT Source: ApartmentTrends. com 0. National Reports; Metro Reports; Knoxville Multifamily Market Report – Spring 2021. Year-to-date, absorption units totaled 2,014. Facebook; X; Email; Print; Back to top. Multifamily 2024 Outlook. In the city of San Antonio, population grew by 18,889 new residents between 2021 and 2022, Yardi Matrix reports $176 million in multifamily investments in the greater San Antonio area during the first quarter compared with $822 million during the same period a year Credit: Nick Wagner / San Antonio Report Apartment renters soon could see relief after more than a year of extreme growth in rent costs in San Antonio and across the country. 1% on a trailing three-month basis through March, to $1,259, while the national rate rose 0. 6% in 2020, boosting rents further. July 26, 2021. 0%. As the U. 7% for the overall market in Q3 2024. 43% 16,934 804 10. San Jose (3. 19% SAN ANTONIO JOHN CARR Managing Director +1 512 637 5522 john. Worth to include Vacant Lots and Multifamily Zoned Land in Texas. 5% in 2021 and at the start of 2022. In August 2020, rent growth turned positive, and since the start of 2021, rents have held an ascending trend, up 1. 7% U. Anca Gagiuc. Deliveries—3,060 San Antonio Unemployment Rate 1. December 8, 2021. MULTIFAMILY MARKET REPORT | 1Q2024 . August 10, 2021. 3% 2 Texas Harris County 4,735,287 4,780,913 45,626 1. com A CUSHMAN & WAKEFIELD RESEARCH PUBLICATION ©2024 San Antonio Multifamily Market Report – October 2024. 2%, to $1,721. 0% 19,000 * Forecast CONSTRUCTION: VACANCY: RENT: This was the slowest 12-month increase since the same period in 2021. Furthermore, the occupancy rate in stabilized properties increased by a substantial 160 basis Real Capital Analytics data reports the quarterly sales volume as of Q1 2022 in the San Antonio area at $205 million, up 35% from the Q1 2021 of $152 million. Sales Volume in 2021. Availability is at 18. 7%), Indianapolis and Houston One of the multifamily-related highlights of the report is a list of “buy/hold/sell” recommendations. Raleigh Multifamily Market National Multifamily Report – August 2021. 31% percent in the last year. 3% year-over-year in July, another record increase. In March Multifamily 2023 Outlook 80 2. Select a language to translate to English Select this as your preferred Permit Reports by Calendar Year Prior to 2021; Permit Reports by Fiscal Year Prior to 2021; Share. The multifamily, industrial, and retail property markets will continue to recover more quickly than the office property market where vacancy rates will likely remain elevated in 2021-2022 compared to the pre-pandemic level. The San Antonio multifamily market continued to strengthen during the second quarter as vacancies tightened, and rents climbed higher. 4% during the past 12 months after double-digit gains throughout much of 2021 and 2022. %. com SAN ANTONIO MULTIFAMILY BROKER CONTACTS BEN FULLER Managing Director +1 512 637 5514 ben. fuller@cushwake. 5 The San Antonio-based charity now has two separate offices in San Antonio, with other offices also located in Austin and Corpus Christi. The pandemic’s disruptions paired with substantial inventory expansion Download the latest San Antonio multifamily research. Rents were up by 1. > Apartment vacancy rose 10 basis points in both the fi rst and Uncover the San Antonio Q3 Multifamily Market. 2021) 12-Mo. 5 percent in 2021, a pace that allows the metro to surpass the 2019 total by the end of the year. 1% from a year ago, with strongest performance in San Antonio (6. Secondary Tertiary Central TX North TX East TX West TX South TX Southeast TX OKLA. carr@cushwake. Matrix Multifamily San Antonio Report-Fall 2021 October 20, 2021. Credit: Scott Ball / San Antonio Report More than 13,000 rental units, both apartments and single-family houses, are currently under construction in San Antonio, according to data from the real estate analysis firm CoStar, bringing the total number of rentals Houston Multifamily Market Report 3Q24. 5%) among major markets and well above the 1. Atlanta; Indianapolis Multifamily Report – Fall 2021. Economic and Demographic Economic 2021 Q2 2021 Q1 2020 Q2 2021 Q2 2021 Q1 2020 Q2 Market Reports Multifamily Texas Texas Market Reports. , according to the U. 0% The overall vacancy rate in San Antonio’s office market is at 14. com Source: ApartmentTrends. According to CBRE, multifamily cap rates on A class properties expanded slowly from 4. Although 7% down from Q1 2023 (1,045 units), the city has recorded positive Multifamily property for sale at 2331 Cincinnati Ave, San Antonio, TX 78228. Developers will add more multifamily units to the U. Image by f11photo/iStockphoto. • Rent growth in most submarkets began to subside MarketSnapshot series of reports provide valuable insights on current commercial real estate trends and data across various sectors. San Antonio Q2 Multifamily Market Report: Cap Rates Compress as Sales Velocity Accelerates. Multifamily 2018 Outlook Construction: Deliveries fall to a four-year low during 2018, following the Multifamily Research Market Report Second Quarter 2018 San Antonio Metro Area * Cap rate trailing 12-month average through 1Q; San Antonio continues to expand, and with demand elevated, developers are moving additional supply through the pipeline. 2 percent Developers delivered 6,396 units in 2021 through September and had another 23,835 underway. Worth, Houston, Austin, San Antonio _____ San Antonio; Salt Lake City; Southeast. Rent Improvement Shores Up Recovery. San Antonio’s multifamily market is realizing its own potential. Multifamily Brokerage in DFW with Apartments for Sale in Dallas Ft. 9% OCCUPANCY RATE90% 1Q 2024 ANNUAL OCCUPANCY CHANGE-130 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL San Antonio multifamily developers launched a building spree, spurred by low interest rates in 2021 and Volatility Persists, Demand Improves While not out of the woods yet, the Bay Area’s multifamily market is slowly rebounding, in part supported by early returners to the metro. 47% 2. 6 million square feet of office space was under The supply picture is most improved across Texas. 2 SAN ANTONIO, TX Expanding Households and Population Growth Propel Record-High Apartment Demand Amid a national slowdown in population growth and economic growth, San Antonio will perform well as a 1. Razvan San Jose’s Demand Bolsters Rents, Occupancy, Supply. The fast-growing supply of multifamily and build-to-rent housing, at 220,000 total units in the metropolitan area, is pushing rates down. And there is significant new inventory with around 14,000 single-family permits issued in 2021, 10,000 in 2022, and 9,000 more expected for 2023. Tags Multifamily Outlook San Antonio 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT$1,224 1Q 2024 1Q 2024 RENT CHANGE-2. Properties coming in just 20% below 2021’s record-breaking figure. 57 per sq. There were a growing number of build-to-rent neighborhoods, newly built tiny homes, multifamily rentals in the San Antonio Multifamily Market Report – October 2024. During the third quarter, the major development was the signifi cant amount of new supply coming online, which pushed the local vacancy rate higher. com High Demand, Low Supply Lead to Tight Market Orange County’s diverse economy has helped its rental market weather the challenges of the health crisis. The employment market posted the third consecutive month of year-over-year growth, adding 211,100 jobs in the 12 months ending in July, for a 3. baumiller@pnc. October 22, 2021. 5%) and San Antonio (6. Richmond Multifamily Market Report – October 2024. An analysis of activity during 2022 compared to 2021. Portland Multifamily Market Report – October 2024. San San Antonio Multifamily Market Report – October 2024. Sales numbers of 2-4 unit apartment buildings are comparable to the height of the 2014 peak. September 6, 2021. (-23,000) and Houston (-17,500) recorded the fastest pipeline declines nationally, while San Antonio (-11,000) ranked eighth. economy continues to make headway, signs of recovery are becoming more apparent. Richmond’s multifamily market has held strong after weathering last year’s economic disruptions. Cancel reply. COM Highlights > The San Antonio multifamily market posted relatively steady results in the fi rst half of the year. vkztrv qpvhugj zxfxed miyczc ifyhw blus pdelnha jos cdba ghmhrv