The typical asking rate per listing is in the $20's per square foot per year. The Downtown San Antonio submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 36% decrease in rent.
Compared to the rest of the San Antonio market, the Downtown San Antonio region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 32 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,560 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 7 stories. Most buildings in this market were built in 1960 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst Downtown San Antonio occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.