We’re seeing a surge of new apartments hitting the market—1.2 million units currently in lease-up. Even though demand is strong, this flood of supply is making it tough for rents to grow and, in some areas, rents are actually slipping. Concessions are still common as property owners compete to fill vacancies. The key to seeing rent growth pick up again will be better occupancy rates and a slowdown in new supply. As someone who guides clients through both resale and new construction here in San Antonio, I keep a close eye on how these trends affect our local market. Understanding what’s really driving shifts in rent and value helps buyers and sellers make smart, confident decisions for their next move.
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