Worth & Associates

What Worth & Associates does

Worth & Associates is a privately held, family-operated commercial real estate firm founded in the mid-1980s and headquartered in San Antonio, Texas. The company provides full-service commercial real estate services — including office leasing, property development, property management, investment, and brokerage — exclusively in the South Texas market, with operations concentrated across San Antonio and New Braunfels submarkets including Stone Oak, Far North Central, Northwest San Antonio, and the midtown Broadway corridor.

The firm's operations span the full commercial real estate value chain: it develops, owns, leases, manages, and brokers office and flex-office product through internal teams rather than third-party operators. Its owned and managed portfolio exceeds 3.4 million square feet of Class A office and flex space, including University Heights Tech Center (261,000 SF across five buildings), Inwood Heritage Oaks (217,000 SF), Brookhollow Business Center (185,000 SF), 800 Sonterra (99,623 SF, acquired January 2025 from Energy Transfer), Farinon Business Park III (up to 86,020 SF), Inwood Village II (74,265 SF, completed 2023), and Walker Ranch Business Park I (78,000 SF Class A in active development). Active development projects underway in 2026 indicate continued asset expansion.

Revenue is generated primarily through recurring NNN rental income on owned properties at asking rates of $21.50-$27.50 per square foot, supplemented by property management fees on a 3.2+ million SF internal portfolio, one-time development revenue on new construction (both speculative and build-to-suit), and episodic brokerage commissions on tenant-representation transactions. The company employs an estimated 11-50 people, including a 24-member dedicated property management team, and runs a sales-led, direct-leasing go-to-market through in-house senior vice presidents of leasing. Anchor tenant relationships of scale include Rackspace Technology (81,784 SF), TaskUs (80,000+ SF), Strasburger (36,000 SF under a 15-year lease), KCI Technologies (23,000 SF), and Wounded Warrior Project (18,559 SF). The firm is bootstrapped, family-controlled (Bob Worth as founder, Clint Worth leading development and brokerage), with no disclosed external investors, venture capital, or institutional capital.

Name

Worth & Associates

Legal name

Worth & Associates

Website

https://worthsa.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Short description

Worth & Associates is a privately held, family-owned San Antonio commercial real estate firm that develops, owns, leases, and manages over 3.4 million square feet of Class A office and flex properties for South Texas commercial tenants.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Offices of Real Estate Agents and Brokers (531210), Other Activities Related to Real Estate (531390)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

akta.pro secondary industries

Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA), Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships) (BPAJANAF)

Keywords

• Commercial real estate leasing
• Office property development
• Commercial property management
• Real estate brokerage
• Office space investment

Headquarters

HQ city

San Antonio

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Commercial Real Estate Leasing: Leasing of office, flex, and service center properties to commercial tenants. Revenue generated through rental income from tenants occupying their managed properties.
2. Property Development: Development of new commercial office buildings and business parks for lease. Revenue from construction and delivery of speculative and build-to-suit office space.
3. Property Management: Internal property management services for owned and managed portfolio. Revenue generated through management fees.
4. Brokerage Services: Commercial real estate brokerage services including tenant representation and lease negotiations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Worth & Associates is a full-service commercial real estate firm that develops, owns, leases, manages, and brokers Class A office, flex office, and business park properties across San Antonio and South Texas. The company operates a portfolio of more than 3.4 million square feet of commercial real estate, providing tenants with office leasing, build-to-suit development, and on-site property management through its own in-house teams.

Product overview

Worth & Associates is a full-service commercial real estate firm operating exclusively in South Texas, offering office space leasing, development, investment, and brokerage services. The company manages a portfolio of more than 3.3 million square feet of commercial real estate properties including office buildings, flex office spaces, and business parks across San Antonio and New Braunfels. Key properties include University Heights Tech Center, Walker Ranch Business Park, Inwood Heritage Oaks, Farinon Business Park, 800 Sonterra, Inwood Village, Ridgewood Plaza, Brookhollow Business Center, and Quarry Heights Executive Suites.

Differentiator

Problem solved

Functional benefit

Products and services

• Office Leasing
• Commercial Property Development
• Property Management
• Commercial Real Estate Investment
• Brokerage Services
• University Heights Tech Center
• 800 Sonterra
• Farinon Business Park III
• Inwood Heritage Oaks II
• Walker Ranch Business Park I
• Inwood Village II
• Brookhollow Business Center
• Ridgewood Plaza II
• Quarry Heights Executive Suites

Quantifiable outcome

• 46,000 SF of leasing activity completed at University Heights Tech Center in 2025
• +1 more outcomes

Named customers16 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor.

• Jones Lang LaSalle (JLL)minorChannel Partner/ Reseller/ Distributor · 24 July 2025JLL broker Brian Kates represented Wounded Warrior Project in lease negotiations for 18,559 SF space at University Heights Tech Center.
• C.H. Guenther & Son Inc.minorStrategic or Co-development Partner · 31 January 2013Joint development of The Bakery Building on Broadway - a multimillion-dollar redevelopment of the former Butterkrust Bakery at 2201 Broadway. Worth & Associates and C.H. Guenther collaborated on this adaptive reuse project in San Antonio's midtown submarket.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• CBRE: World's largest commercial real estate services and investment firm, with extensive San Antonio coverage in office leasing, property management, and capital markets. Overlaps with Worth across all four service lines and represents the dominant competitive threat on tenant rep mandates.
• Cushman & Wakefield: Global commercial real estate services firm with strong Texas presence in agency leasing, tenant representation, and property management. Comparable to Worth as a competitor for both landlord- and tenant-side office mandates in San Antonio.
• Transwestern: National commercial real estate firm focused on tenant and landlord representation, property management, and capital markets for office and industrial product. Comparable regional/national CRE services competitor with Texas office brokerage practice.
• Lincoln Property Company: Diversified national real estate firm with large third-party property management, leasing, and development practices, including significant Texas office exposure. Overlaps with Worth on property management and landlord representation for Class A office product.
• JLL: Global commercial real estate services firm providing brokerage, property management, capital markets, and valuation. Comparable as the leading incumbent in the same office leasing, property management, and investment advisory categories Worth operates in, and a counterparty on Worth-originated deals (e.g., JLL represented Wounded Warrior Project at UHTC).
• Newmark: Global commercial real estate advisory firm with growing Texas office leasing and investment sales coverage. Comparable as a competitor pursuing the same enterprise office tenants and Class A landlords that Worth serves.

Regional players

• Holt Lunsford Commercial: Dallas-based full-service commercial real estate firm providing tenant representation, landlord representation, property management, and project leasing. Directly comparable as a Texas-rooted, owner/operator-style brokerage with a similar service stack and Class A office focus.
• NAI Partners: Houston-based full-service commercial real estate firm affiliated with the NAI Global network, providing brokerage, property management, and project leasing for office, industrial, and retail assets. Comparable regional CRE platform with similar service offerings and Texas anchor.
• Stream Realty Partners: Texas-headquartered commercial real estate services firm offering leasing, property management, development, and investment sales across the Sun Belt. Closely comparable to Worth in being a full-service, regional, owner-operator with deep Texas relationships, though operating at materially larger scale and broader geography.

Emerging players

• KBS Realty Advisors: National Class A office owner-operator and investment manager with a significant Sun Belt portfolio. Comparable to Worth as a similar office-focused owner/operator/manager, though at a fundamentally larger institutional scale; represents a potential capital or JV partner profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubevimeo.com/worthsa?embedded=true&source=owner_name&owner=52607276
• Facebookfacebook.com/WorthandAssociates
• LinkedInlinkedin.com/company/r.l.-worth-&-associates
• Xx.com/WorthAssociates

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Worth & Associates