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Jackie Parsons,
M. Ed. Commercial & Residential Real Estate Services RE/MAX Mega Group |
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SAN
ANTONIO COMMERCIAL REAL ESTATE MARKET
The San Antonio commercial real estate market is unique. San Antonio's economy, labor supply, affordable cost of living and excellent weather are all significant factors in attracting commercial clients to the City of San Antonio. "With an average annual growth rate of 1.9 percent, San Antonio is expected to rank among the nation's fastest-growing cities as we move into the next century. The city's current population is approximately 1,172,000. Its median age is 32.5 years old, and average annual income, according to 1998 statistics, is $31,563, somewhat lower than the U.S. average annual income of $34,618. Unemployment stood at 3.0 percent in February 1999. Among San Antonio's largest employers are SBC Communications, Ultramar Diamond Shamrock, H.B. Zachary Company, La Quinta Motor Inns and KCI. SAN ANTONIO RESIDENTIAL REAL ESTATE MARKET The San Antonio Housing Real Estate market is thriving! One of the biggest draws to San Antonio from any individual's perspective is its extremely reasonable cost of living. An analysis by Runzheimer International found that an executive earning $60,000 annually with a family of four in New York would, if transferred to San Antonio, pocket $18,631 at the end of the year. San Antonio is indeed a transferee's dream; home prices are approximately 30 percent below the national median and are available at less than half the cost of comparable housing in some cities in California and New England, according to the San Antonio Economic Development Foundation. The foundation reports that the city's real estate market offers good buys thanks to San Antonio's plentiful labor, land and building materials, as well as its lengthy building season (the weather is friendly year-round here, with the exception of an occasional rainy spell, as the city is currently experiencing). San Antonio's wealth of solidly built homes are a steal for any incoming resident. (REALTY TIMES, 1999) 800 UNDEVELOPED MILES & OTHER INFO ABOUT SAN ANTONIO, TEXAS Available are literally hundreds of undeveloped miles in San Antonio for the taking. The office and industrial markets in San Antonio are experiencing a bit of a slow down, but overall healthy. Multi family housing is in huge demand, especially for affordable housing. The luxury multi housing market is at 94.7% occupancy. San Antonio's affordable housing and lifestyle attracts industry and business to the city. The weather is ideal about 8 months of the year, adding to the City's allure.JACKIE HAS ANSWERS ABOUT SAN ANTONIO'S COMMERCIAL AND HOUSING REAL ESTATE MARKETS Got a question about the commercial real estate market or housing real estate market in San Antonio?Within this web site, you will find the most up - to - date research about San Antonio's various real estate markets. If more information is wanted or you are interested in buying or selling a property, please e-mail or call Jackie. |
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