Matrix Multifamily San Antonio Report-October 2024 October 24, 2024

San Antonio Rentals Under Pressure

Advertised asking rents in San Antonio fell 2.4 percent YoY in August to $1,257, while the U.S. growth rate rose 0.8 percent . Robust supply has cut into occupancy, which was down another 70 bps YoY, to 91.4 percent as of July.