By Ramzi Abou Ghalioum –
Reporter, San Antonio Business Journal
Apr 15, 2025
Drilling down into the numbers, Khalil said most of the growth is coming from submarkets like downtown and Midtown, which makes sense given that those areas have lower construction rates than the suburbs, so they're easier to fill.
"We’re seeing faster lease-ups in San Antonio’s urban areas. The suburbs are suffering," he said.
Across downtown and Midtown, the average lease-up time is around one or one-and-a-half years. Those areas are more attractive to people seeking more walkability and downtown-focused lifestyles.
"What's interesting is a luxury product like 300 Main is leasing up faster than many more affordable housing projects," he said.
Weston Urban's high-rise project in the heart of downtown, which opened last fall, is already more than 40% leased, according to CoStar.
link to article:
https://www.bizjournals.com/sanantonio/n...bsorption-comeback-skips-submarkets.html