Jul
02
San Antonio Lures Investors
ByDemand for apartments is expected to remain high as more residents move south to avoid the rising cost of housing in Austin.
San Antonio has a diversified economy and employment is growing in most industries. That has fueled demand for apartments, which is expected to remain high as the metro continues to add jobs and households at a rate above the national trend, and as more residents move south to avoid the growing cost of housing in Austin.
Driving the economy are education and health services; professional and business services; and trade, transportation and utilities. While employment growth cooled off after the drop in energy prices in 2015, the metro continued to add jobs above the national rate. San Antonio’s office market saw its best year since 2006, with 1.3 million square feet of positive net absorption in 2016…
