# Lease Up Apartments San Antonio | New SA Apartment Team > New San Antonio buildings in lease-up, each with stage, current special, what URL: https://newsanantonioapartments.com/lease-ups/ Buildings filling their first units · stage labels and what's finished # Lease-Up Apartments in San Antonio, With Stage and What's Finished Lease-up is when a new building fills its first units, and it's when specials tend to run deepest. Here's each building's stage, what's finished, and the year-two price. Last updated: Oct 25, 2026 · Prices from the feed pulled Oct 25, 2026, 6:00 AM CT Free to you, and your rent is the same either way · 111 new communities tracked · Prices pulled every morning Get my shortlist [#shortlist →](#shortlist) See every new build on the board [/new-construction-apartments/ →](/new-construction-apartments/) - Feed-driven lease-up list with stage labels - What's finished vs pending (pool, gym, garage) - Year-two risk shown beside every special - Links to Specials for side-by-side math ![Newly opened apartment building with a finished pool and an amenity wing still under construction](/images/misc/newly-opened-san-antonio-apartment-building-with-a.webp) Cost to you $0 Communities pay the brokerage. Your rent is the same either way. - Spirit Real Estate Group, LLC TREC #562021, licensed Texas brokerage - Free to renters Communities pay the brokerage. Your rent is the same either way. - Commission-blind Commission never affects score, sort, or placement - Equal Housing Opportunity We follow the federal Fair Housing Act and do not steer. From the board ## What lease-up looks like from inside Every lease-up card shows the stage, what's finished, and the special with base rent beside it. Feed pulled Oct 25, 2026, 6:00 AM CT ![Freshly landscaped entry drive of a new apartment community](/images/cards/freshly-landscaped-entry-drive-of-a-new-apartment-.webp) Early lease-up: the deepest specials, and the most amenities still finishing. ![Fitness center with new equipment still wrapped in a just-opened clubhouse](/images/cards/fitness-center-with-new-equipment-still-wrapped-in.webp) What's finished vs pending: pool, gym, garages, and package rooms. ![Second construction phase framing next to a finished apartment building](/images/cards/second-phase-of-an-apartment-community-framing-nex.webp) Construction phases next door: noise and dust to plan around. ![Tablet on a new apartment kitchen counter for maintenance requests](/images/cards/tablet-showing-a-blank-maintenance-request-screen-.webp) First-year fixes: logged in writing, followed up at Day 7 and Day 30. ## What is a lease-up apartment? A lease-up building is a new community that has received its Certificate of Occupancy and is filling its first units. Lease-up runs from the first move-ins until the building reaches stabilization, the point where occupancy levels off. In a market where vacancy counting lease-ups was 14.9% in Q3 2026 (CoStar via San Antonio Report), many San Antonio buildings stay in lease-up for a long time. For you, lease-up matters for one reason: it’s when specials tend to run deepest. A building that’s 40% leased needs to fill units faster than one that’s 90% leased, and concession depth reflects that. Our guide on what lease-up means [/guides/what-is-lease-up/ →](/guides/what-is-lease-up/) covers the stages in more detail. ## Why do specials run deepest during lease-up? New buildings carry construction loans and need to show steady leasing. The occupancy ramp is the main thing owners watch. Concessions are the fastest lever to pull, so weeks free tend to grow when leasing slows and shrink as the building fills. On our board, the median special was 8.7 weeks on Oct 25, 2026, and 60% of listings offered 8 weeks or more. Lease-up buildings make up much of that group. The trade-off is the renewal baseline: year two is priced from base rent, and the deeper the special, the bigger the jump. ## What does each lease-up card show? - **Stage.** Pre-leasing, early lease-up, late lease-up, or stabilizing, with percent leased when the feed carries it. - **What’s finished.** The pool, gym, garages, package room, and other amenities, marked finished or pending. - **The current special.** With base rent beside it and the end date. - **Year-two risk.** The renewal price at 0% and +3%, so the jump is visible before you sign. - **Construction phases next door.** If a second phase is going up beside the first, we note it. ## What’s it like to live in a building still in lease-up? Mostly good, with a few things to plan for. New finishes, new appliances, and modern sound ratings come with the territory. So do some first-year defects. Doors may need adjusting, drains may run slow, and the HVAC may need tuning through the first summer. The fix is paperwork. Photograph every room at move-in and turn in the move-in condition form, the TAA inventory form, typically within 48 hours. Submit work orders in writing and track the work order response time. Warranty repairs are the community’s job. We check in at Day 7 and Day 30 to make sure your punch list is moving. Our guide on living in a lease-up building [/guides/living-in-a-lease-up-building/ →](/guides/living-in-a-lease-up-building/) walks through it. ## When does lease-up make sense for you? Lease-up fits well if you want the deepest year-one savings, you’re comfortable with some amenities finishing after you move in, and you plan for year two from day one. It fits less well if you need every amenity open on move-in day, or if your budget can’t absorb a 20% jump at month 13. If you’re on the fence, compare a lease-up building against a stabilized new build on a 24-month total. Our specials page [/specials/ →](/specials/) shows that math side by side. ## How we help with lease-up buildings We confirm the stage and what’s finished with the leasing office, in writing, before you sign. We show year two beside every special. We note construction next door. After you move in, we follow up on punch-list items at Day 7 and Day 30, and we run a Renewal Check at month 10 so the jump doesn’t catch you off guard. Worked example ## One building, four numbers Illustration, values as of Oct 25, 2026; live page uses the feed. (Prose On The Range, Far Northwest) Electric: CPS Energy, no plan choice · ISD: Northside ISD Base rent $1,215 10 weeks free on 12 months Net effective $981.35 Free weeks spread over the term True monthly $1,033.73 Adds $52.38 required fees (Greystar calculator) Year two $1,267.38 $233.65 jump (+23%) $1,215 x 12 = $14,580. Ten free weeks are worth $1,215 x 12 / 52 x 10 = $2,803.85. $14,580 - $2,803.85 = $11,776.15, divided by 12 = $981.35. Add $52.38 in fees for $1,033.73. Year two at a 0% change is $1,215 + $52.38 = $1,267.38. The $500 gift card, shown separately. Run the numbers ## Check a special yourself ### Special Decoder Turn any move-in special into net effective, true monthly, and the year-two price. True monthly \- Net effective \- Year two \- Year-two jump \- Year-two jump (%) \- 24-month total \- Net effective = (base x term - base x 12 / 52 x weeks free - credits) / term. True monthly = net effective + fees. Year two = base x (1 + change) + fees. Estimate only. The community sets pricing and approval, and we confirm them before you sign. Get my shortlist [/contact/ →](/contact/) More calculators on the tools page [/tools/ →](/tools/) . Common problems ## Why lease-up moves go wrong The deepest specials come with a few trade-offs that are easy to miss. 1 ### Amenities that aren't done The pool in the photos may still be fenced off on move-in day. Listings rarely say which amenities are finished and which are pending. 2 ### The steepest year-two jumps Deep lease-up specials lower year one the most, and renewal is priced from base. The deeper the special, the bigger the jump at month 13. 3 ### First-year defects New buildings have punch-list items: doors that stick, slow drains, HVAC tuning. Without a written log, they can drag on past move-in. **So we** confirm in writing what's finished before you sign, show year two beside every special, and follow up on punch-list items at Day 7 and Day 30. What we do, free ## What happens after you send the form One step at a time, with the timing for each. If something goes wrong, like a missing special or an undisclosed fee, we raise it with the community in writing and report back. 1. 1 ### Shortlist · Same day We make the calls and confirm the unit, the special, and the fee sheet with each leasing office. 2. 2 ### Compare · With your list Year-two and 24-month math for every building, our top two picks, and BAH minus true monthly when it applies. 3. 3 ### Tours · One afternoon Four tours in one routed afternoon, or a live video walk timed to your report date or start date. 4. 4 ### Apply · Before any fee We pre-check the income multiple, offer letter or orders policy, and documents before you pay an application fee. 5. 5 ### Sign · Lease day We read the concession, fee, and military-clause language with you, line by line. 6. 6 ### Move in · Before keys We help start CPS Energy, NBU, Seguin Electric, or the co-op, plus SAWS or city water. 7. 7 ### Check-ins · Day 7, Day 30, Month 10 Punch list, ledger check, and a Renewal Check two months before your lease ends. ![Leasing office desk with printed fee sheets, floor plans, and a calculator](/images/misc/bright-leasing-office-desk-with-printed-fee-sheets.webp) Free to you ## Get a shortlist with the real monthly price 60-second form. We make the calls the same day. We confirm the unit, the special, and the fee sheet with each leasing office, then send year-two and 24-month math for every building. - Calls: Mon-Fri 8 AM-8 PM, Sat 9 AM-6 PM, Sun 12-5 PM - Prefer text? Text 512-000-000 [sms:+1512000000 →](sms:+1512000000) 60-second form ## Get my shortlist Three quick steps, about 60 seconds. We call the leasing offices the same day and send your list with year-two math. Thanks, we got your request. We'll call or text the same day with your shortlist. Calls go out during our hours: Mon-Fri 8 AM-8 PM, Sat 9 AM-6 PM, Sun 12-5 PM. Questions ## Lease-Ups: questions renters ask ### What does lease-up mean? Lease-up is the period after a new building opens when it fills its first units. It ends when the building stabilizes. We show the stage on every card. ### Are lease-up specials bigger? Usually. Specials tend to run deepest while a building fills. On Oct 25, 2026 the board median was 8.7 weeks free. ### What if the pool or gym isn't finished when I move in? We confirm in writing what's finished on your move-in date before you sign. If something slips, we raise it with the community in writing and report back. ### Who fixes first-year defects? The community. Log them on the move-in inventory form, usually due within 48 hours under the TAA lease, and we follow up at Day 7 and Day 30. ### Will rent jump a lot after a lease-up special? Often. Renewal is priced from base rent, so the deeper the special, the bigger the jump. We show year two at 0% and +3% beside every special. ### Is there construction next door during lease-up? Sometimes. Phased communities may build a second phase beside the first. We note construction phases next door on the card and on your shortlist. ### Can you guarantee a price or approval? No. The community sets both pricing and approval. We pull prices every morning and confirm the numbers with the leasing office before you sign. Still have a question? Send it with your shortlist request [/contact/ →](/contact/) and we'll answer the same day. Learn ## Guides for Lease-Ups All guides [/guides/ →](/guides/) ![Newly opened apartment building entrance with fresh landscaping on a bright morning](/images/featured/newly-opened-apartment-building-entrance-with-fres.webp) Explainer ### What Lease-Up Means and Why Specials Run Deepest During It Lease-up vs stabilized in plain words, why concessions peak during lease-up, and how stage enters our New Build Score. [What Lease-Up Means and Why Specials Run Deepest During It →](/guides/what-is-lease-up/) ![New apartment courtyard with a finished pool and an amenity area still under construction](/images/featured/new-apartment-courtyard-with-a-finished-pool-and-a.webp) Decision guide ### Living in a Building Still in Lease-Up: Unfinished Amenities and First-Year Fixes Unfinished pools and gyms, ongoing construction, and first-year defects: how to log them, and our Day 7, Day 30, and Month 10 check-ins. [Living in a Building Still in Lease-Up: Unfinished Amenities and First-Year Fixes →](/guides/living-in-a-lease-up-building/) Keep comparing ## Related pages ![Leasing lounge in a new apartment building with a printed special flyer on a white oak table](/images/misc/new-apartment-leasing-lounge-with-a-printed-move-i.webp) ### San Antonio Apartment Specials Specials confirmed within 7 days, each shown with base rent, true monthly, and year two. Open Specials [San Antonio Apartment Specials →](/specials/) ![New apartment building nearing completion with a finished facade and cranes in the background](/images/misc/new-apartment-building-nearing-completion-with-fin.webp) ### New Apartments Opening Soon in San Antonio Pre-leasing buildings with first move-in dates. Ground-up only, no conversions. Open Opening Soon [New Apartments Opening Soon in San Antonio →](/opening-soon/) ![Aerial view of a brand-new San Antonio apartment community with a pool courtyard and limestone buildings](/images/misc/aerial-view-of-a-brand-new-san-antonio-apartment-c.webp) ### New Build Board Every tracked ground-up building on a map, with the real monthly price on each card. Open New Build Board [New Build Board →](/new-construction-apartments/) ![](/images/misc/row-of-brand-new-limestone-and-slate-blue-apartmen.webp) Next step ## Want the lease-ups math done for you? Send the 60-second form. We make the calls, confirm the unit, the special, and the fee sheet, and send your shortlist the same day. Get my shortlist [/contact/ →](/contact/) See the New Build Board [/new-construction-apartments/ →](/new-construction-apartments/) 512-000-000 [tel:+1512000000 →](tel:+1512000000) We don't guarantee pricing or approval. The community sets both, and we confirm them before you sign.