Oct
22
New Supply Tempers Rent Growth in San Antonio
ByIn recent years, the city has been riding favorable demographic trends, healthy job creation and a high demand for apartments. The metro’s population continues to grow at nearly three times the national rate.
In recent years, San Antonio has been riding favorable demographic trends, healthy job creation and a high demand for apartments. The metro’s population continues to grow at a pace nearly three times the national rate. The prime renter cohort, aged between 20 and 34 years old, accounts for much of this increase. A heavy new supply of apartments has put a damper on rent growth, up 1.1 percent year-over-year through August, trailing the 2.4 percent national average…
