Lumicre commercial real estate agency offers various services throughout the greater San Antonio, Texas market. From commercial office leasing to investment sales with our commercial real estate brokers to commercial property management, our team of experts can assist Bexar County with any commercial needs in one of Texas’ most profitable markets.
San Antonio ranks as one of the most stable and diverse markets in the United States, with a continuously growing economy. Many of San Antonio’s established industries, like healthcare, national defense, and tourism, are seeing significant expansion, which means more jobs and a boom in the number of people moving to the Texas city.
Currently, there is a significant amount of transaction activity, particularly in the office and retail spaces occurring in the San Antonio market. It’s best to have professional experts guide these types of projects for success to be reached.

Commercial Office Leasing in San Antonio

It is essential for potential investors and owners entering a new market to partner with an expert commercial agency with resources and knowledge of trends specific to the desired market.
San Antonio is one of Texas’s top thriving metro areas, with an overall vacancy rate steady between 14-15% over the past five years.
Tenants in San Antonio are seeking higher-quality office space and are willing to pay higher rates. Due to the competitive market and quality of tenants throughout the region, owners of San Antonio office assets must put their best foot forward to stay above the competition.

Commercial Real Estate Brokers in San Antonio

A well-rounded commercial real estate agency provides exceptional broker services for investors of all types of properties – office, retail, medical, industrial, specialty properties, or land.
San Antonio is currently one of the more enticing markets for investors in all of Texas. Specifically, the city offers favorable returns and stable property operations, increasing investor interest.
The Texas city is producing many opportunities in office assets. Class B office buildings, in particular, have dominated much of the transaction activity in the market. In addition to office buildings, retail and industrial properties are seeing tremendous growth.

Commercial Property Management in San Antonio

Commercial property management firms should provide top-tier services that will improve the operations and maintenance of the asset while increasing occupant satisfaction through customer service. The overall goals are simple – increase rent revenues and decrease building expenses.
Unlike many commercial property management firms, Lumicre provides our clients with a major, unique benefit – an in-house team of compliance, technical and engineering professionals at their disposal. Also, the firm is Texas licensed elevator contractor and can perform elevator maintenance and repairs in-house.
Overall, an excellent property management team ensures owners and asset managers have fewer headaches.

San Antonio’s Major Commercial Real Estate Submarkets

Downtown Central Business District

The Downtown San Antonio Central Business District (CBD) submarket contains approximately 186 commercial real estate spaces for lease, comprising over 1.1 million square feet. With vacancy now around 16% and nearly half a million SF of office product currently under construction. The market contains a concentrated area of large office buildings.
The average rent for a space in the area is about $34.00, the highest rate in the San Antonio market due to the prime location and the growing competition. The CBD, nestled between I-10, I-35, and US 281, holds a thriving business culture and is known for its entertainment and tourist destinations like the Alamo and the River Walk.

North Central

The North Central submarket is one of the most active markets for investors in the San Antonio region. This submarket consists of approximately 928 office buildings totaling over 16.7M SF. This submarket also boasts a vacancy rate of approximately 10%, with an average rent trending at about $25 per square foot range.
Straddling US 281 from I-35 up to Loop 1604, this is the most diverse submarket in the San Antonio regiont is saturated with nearly 2,000 retail properties, over 600 industrial properties, and over 300 multi-family properties. With a population of over 70,000, this submarket is home to many upscale suburban neighborhoods, including the midtown area, the San Antonio International Airport, and the 343-acre Brackenridge Park.

Far North Central San Antonio Commercial Real Estate

With about 183 office buildings totaling over 4.6 million square feet, the Far North Central submarket is one of the busier submarkets on the perimeter of Loop 1604. With an average vacancy of around 13.9% and rent in the $31 per square foot range, this office market is comparable to the North Central submarket.
Home to many upscale master-planned communities, like Encino Park and Stone Oak, the area stretches along most of the north side of Loop 1604. It is no surprise that retail dominates this submarket. With over 300 retail properties, this submarket maintains a solid mix of quality office and retail opportunities.

Northwest San Antonio Commercial Real Estate

Home to the Medical Center District and the University of Texas at San Antonio, the Northwest submarket is highly active and comparable to the North Central submarket. It consists of approximately 912 office buildings comprising over 25 million square feet. The average vacancy rate is just over 10%, and rents are traditionally around $25 per square foot.
Stretching northwest from the downtown area to Loop 1604, this submarket follows most of the I-10 corridor. This market has ample opportunity as it consists of over 2,800 retail properties, 600 industrial properties, 400 multi-family properties, and well over 200 medical office buildings.

Far Northwest San Antonio Commercial Real Estate

The Far Northwest submarket contains approximately 95 office buildings totaling over 1.7 million square feet. It has an average vacancy rate of 13.8%. Additionally, quoted rents are trending in the $28 per square foot range. This submarket boasts nearly 400 retail properties, mainly situated off the I-10 corridor and Loop 1604.
Most of the inner region of this submarket maintains a stable retail market. This is primarily thanks to both local and tourist traffic. This market is home to the upscale shopping center, The Shops at La Cantera, and the Six Flags Fiesta Texas amusement park.

Far West San Antonio Commercial Real Estate

The Far West submarket consists of approximately 106 office buildings, comprising over 5.4 million square feet. It maintains one of the lowest average vacancy rates in the San Antonio market. Currently, vacancy is around 3%, and quoted rents are in the $30 per square foot range.
This is one of the fastest growing areas in Metropolitan San Antonio. In light of this, it is experiencing rapid growth in the retail and multi-family markets. This submarket includes Sea World San Antonio and is near Lackland AFB, which attracts many military families to the area’s residential communities. Many developers are eyeing this submarket as it continues to boom.

South San Antonio Commercial Real Estate

The South submarket covers the largest amount of land of all the submarkets in San Antonio. It spans beyond Loop 1604 on the east, south, and west side. That said, most commercial properties in this submarket are found inside Loop 410. It contains nearly 285 office buildings, totaling over 3 million square feet.
The area’s vacancy is traditionally around 10%-11%, and average rents are typically about $17 per square foot. This submarket contains most of the Class C office buildings in San Antonio. On top of that, it boasts a solid industrial and retail market.

Northeast San Antonio Commercial Real Estate

Home to Randolph AFB and many suburban areas like Universal City, Live Oak, and Kirby, the Northeast submarket is unique. There are nearly 348 office buildings comprising over 6.7 million square feet. So, this submarket contains a hefty amount of office space, primarily off Loop 368 and Loop 410. However, it claims a high vacancy rate in the San Antonio market – over 12%.
Average rents in this submarket are in the $20-$21 per square foot range. Perhaps the reason for the struggling office market here is the many industrial properties that saturate the area. This market consists of over 1,000 industrial properties, far more than any other single submarket in San Antonio. With a strong retail market, the Northeast side also provides many opportunities for all types of investors.

Comal County Commercial Real Estate

The Comal County submarket is home to cities like New Braunfels, Bulverde, and Spring Branch. It surprisingly consists of approximately 340 office buildings but only about 2.2 million square feet. The average vacancy is at just 9%, and quoted rents trend in the $17-$18 per square foot range.
Most office buildings are near I-35 in New Braunfels or US 281 in the Bulverde and Spring Branch area. Due to New Braunfels, a busy tourist area, there are over 900 retail properties in this submarket. Investors will also find many opportunities in the industrial and hospitality markets here.

Kendall County Commercial Real Estate

The Kendall County submarket consists of nearly 180 office buildings totaling over 900,000 square feet. Vacancy typically hovers around 10%, and the average rents are usually about $22 per square foot. Most of this submarket’s attractive commercial real estate is found near I-10 in Boerne.
The retail market is opportunistic here as Boerne continues to grow. Population growth tends to move north and west faster than anywhere else. Because of this, the Kendall County submarket is one to keep an eye on, especially as growth along the northwest I-10 corridor continues.
Lumicre’s team of expert commercial real estate professionals has successfully proven to help meet investors’ needs, no matter the property type. We have seen everything from office buildings to retail developments to warehouse and distribution spaces or self-storage units. We can provide targeted, expert advice representing you in your next investment purchase. Contact us today to see how we can help meet your unique investment goals.