Matrix Multifamily San Antonio Report-May 2025

Market Overview

In early 2025, San Antonio’s multifamily fundamentals were mixed as asking rents ticked up 0.1 percent on a trailing three-month basis to $1,254, marking the first increase in nine months. However, occupancy declined 60 basis points year-over-year to 90.8 percent. Though rent’s recent uptick suggests early stabilization, the still-soft occupancy reflects continued challenges in maintaining demand amid supply pressures.

About Yardi Matrix

Yardi Matrix is a leading real estate data and analytics platform that specializes in multifamily, office, industrial, and retail market research. The firm’s metropolitan multifamily reports deliver precise metrics—including rents, occupancy, completions, and development pipeline trends—to support investors, operators, and analysts in tracking evolving market dynamics.