San Antonio Market Analysis
July 1, 2021
The parking sector does not have a source of readily available, detailed market data. Therefore, we have been building our own databases and analysis to support our clients. Our team recently completed a market-wide analysis of almost every public parking facility in the San Antonio CBD. Our team walked the market and surveyed rates at 54 parking facilities with a total of 14,684 spaces.
Operator & Space Metrics
The City of San Antonio operates the largest amount of parking spaces (2,855) in the city, followed by Ace (2,609), the in-house operators (2,530), and then Laz (2,203). Laz operates the most individual parking facilities (12), followed by SP+ (10), then Ace (6), and then the City of San Antonio, in-house operators, and Hospitality Parking (5).
|Operator||Facility Count||Space Count||Market Share|
|City of San Antonio||5||2,855||20.1%|
|Parking Systems of America||2||176||1.2%|
|Parking Management Services, Inc||1||82||0.6%|
|First Baptist Church||1||70||0.5%|
Garages vs. Surface Lots
The city of San Antonio contains a large amount of surface lots that will eventually become real estate developments. There are 34 total surface lots in the San Antonio CBD, compared to 20 parking garages.
|Facility Type||Count by Type||Space Count||Market Share|
Monthly Parking Rates
The average monthly unreserved parking rate differs between garages and surface lots in San Antonio. At garages, the average unreserved rate is $124.50 (pre-tax) and the average rate at surface lots is $117.78, a 5.40% discount. The average reserved monthly rate at garages is $184.08. Parking Advisors did not observe any reserved parking rates offered at surface lots in San Antonio.
|Facility Type||Average Rate|
Office Monthly Parking Rates
Parking Advisors studied a few of the prominent office buildings in the San Antonio CBD to analyze parking ratios and monthly parking rates.
|Office Building||Office Class||Square Footage||Space Count||Parking Ratio||Monthly UNR Rate||Monthly RES Rate|
|Bank of America Plaza||A||543,000||895||1.65||$110||$175|
Hourly Parking Rates
Garages charge higher hourly parking rates, compared to surface lots. These hourly garage rates are 15% to 25% higher than the rates charged at surface lots. Some surface lots in San Antonio will offer either a $5 or $10 flat rate to park at the lot for the day, while garages typically charge dynamic rates that increase the longer a parker stays in the facility.
|Facility Type||Average Rate|
Hotel Overnight Rates
Hotels contribute a large amount of parking demand to the facilities located in the San Antonio downtown area. Parking Advisors conducted a study of these hotels to analyze the self-park and valet parking rates offered to guests.
|Hotel Name||Address||Hotel.com Rating||Self-Park Rate||Valet-Parking Rate|
|Mokara Hotel & Spa||212 W Crockett St, San Antonio, TX 78205||4.5||$10.00||$42.00|
|Hotel Valencia Riverwalk||150 E Houston St, San Antonio, TX 78205||4||–||$42.00|
|Hilton Palacio del Rio||200 S Alamo St, San Antonio, TX 78205||4||–||$44.00|
|Hotel Contessa||306 W Market St, San Antonio, TX 78205||4||–||$42.00|
|The Westin Riverwalk||420 W Market St, San Antonio, TX 78205||4||–||$43.00|
|Canopy by Hilton||123 N St. Mary’s St, San Antonio, TX 78205||4||–||$49.00|
|Omni La Mansion del Rio||112 College St, San Antonio, TX 78205||4||–||$42.00|
|Club Wyndham Riverside Suites||218 College St, San Antonio, TX 78205||3.5||$15.00||–|
|Menger Hotel||204 Alamo Plaza, San Antonio, TX 78205||3.5||–||$30.00|
|Holiday Inn||217 N St Mary’s St, San Antonio, TX 78205||3||$27.00||$35.00|
|Courtyard by Marriott||207 N St Mary’s St, San Antonio, TX 78205||3||–||$39.00|
|Hilton Garden Inn||408 E Houston St, San Antonio, TX 78205||3||–||$35.00|
|Homewood Suites||432 W Market St, San Antonio, TX 78205||3||–||$35.00|
|Drury Plaza Hotel||105 S St Mary’s St, San Antonio, TX 78205||3||–||$29.00|
|Drury Inn & Suites||201 N St Mary’s St, San Antonio, TX 78205||3||$19.00||–|
|Hampton Inn & Suites||118 Soledad St, San Antonio, TX 78205||2.5||–||$39.00|
Want to learn more?
If you would like to learn more or get access to more detailed data, please contact the Parking Advisors team.