San Antonio, TX retail market
San Antonio's retail market has remained tight through mid-2026, with vacancy holding near 4.2% and average sale prices ranging from $195 to $221 per square foot across the 2024-2026 window, well supported by steady tenant demand from fitness, discount, and grocery anchors. Average NNN asking rents stand at roughly $19.45/SF/yr as of Q1 2026, slightly off the 2025 peak but still near all-time highs. Cap rates have edged up from 6.1% in mid-2024 to 7.2% in Q1 2026, reflecting modest investor repricing amid higher-for-longer interest rates. The comps below are drawn from the San Antonio metro market because no specific submarket address was provided; they represent the broadest comparable set available from verified broker and news sources.
What's driving Retail prices in San Antonio
Retail sale prices in San Antonio have softened modestly from an average of $248/SF in mid-2024 to approximately $211/SF in Q1 2026, a decline of roughly 15% over the 24-month window, as cap rate expansion outpaced NOI growth.
- Near-record-low vacancy (4.2%) constraining tenant options and supporting landlord pricing power
- Construction pipeline shrinking 18.5% annually, limiting new supply competition
- Fitness, discount retail, and grocery anchor expansion absorbing large blocks of existing space
- Rising cap rates (6.1% in mid-2024 to 7.2% in Q1 2026) creating slight downward pressure on investment sale prices
Market intelligence
Tracking this market · 8 comps · latest deal Q4 2025.
This quarter: 0 comps added to our corpus in Q3 2026. Trend medians use closed-deal dates from our growing comp corpus; automated estimates, not an appraisal.
Where these comps are
Momentum ContractingPins are geocoded from each comp's public address, so positions are approximate. Comps quoted at the submarket level aren't pinned. The shaded area is San Antonio's municipal boundary, coloured to match the momentum read above.
Recent Retail comps in San Antonio, TX
| Address | Date | Type | Size (SF) | Price / Rate | $/SF |
|---|---|---|---|---|---|
| 516 E I-10, Seguin (Guadalupe County submarket), TX news | Q2 2025 | Sale | 53704 | $4,259,549 (est.) | $79.32 |
| Crown Meadow Shopping Center, San Antonio, TX news | Q2 2025 | Sale | 52732 | $12,100,000 (asking) | $229 |
| Creekside Town Center (JCPenney), San Antonio, TX news | Q3 2025 | Sale | 104000 | $4,900,000 | $47 |
| San Pedro Place Shopping Center, San Antonio, TX news | Q3 2025 | Sale | 31225 | ||
| 842 Northwest Loop 410 (Park North Shopping Center), San Antonio, TX news | Q4 2025 | Sale | 635000 | $115,000,000 | $181 |
| Thousand Oaks Shopping Center (3-property portfolio), San Antonio, TX news | Q4 2025 | Sale | 169000 | ||
| Fair Oaks Village CVS, Fair Oaks Ranch, TX (San Antonio MSA) news | Q1 2025 | Sale | 12900 | $5,301,900 (est.) | $411 |
| 2310 SW Military Dr (South Park Mall II portfolio), San Antonio, TX news | Q1 2026 | Sale | |||
| Median of 5 recent sales · $181/SF | $181 | ||||
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Figures are automated estimates derived from public listings, records, and brokerage announcements for San Antonio, TX, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.