San Antonio is the seventh-largest city in the U.S. Comprising eight counties, the San Antonio region has a population of more than two million, and unemployment ranks below the national and state averages. The dramatic growth of San Antonio, Austin, and their 60 mile connecting I-35 corridor (running through New Braunfels, San Marcos and Kyle), continues to experience dramatic growth. Industrial, multi-family and mixed-use demand significantly outpaces supply.
This year, Forbes ranked San Antonio No. 10 on its list of fastest-growing U.S. cities. In 2014, the Milken Institute, an independent economic think tank, rated San Antonio No. 10 on its Best-Performing Cities list. For the last three years, according to the local government, San Antonio was the only U.S. city with a population of more than one million to receive an AAA General Obligation Bond rating from the three leading financial rating agencies, Standard & Poor's, Fitch and Moody's.
Key economic sectors include technology, logistics/manufacturing, financial services, healthcare (which employs 100,000 people), education, oil and gas, aerospace, government/military, and tourism, which attracts 26 million visitors annually. San Antonio is the logistics hub between northern Mexico’s manufacturing sector and the Eagle Ford Shale oil and gas fields to the south and Houston to the east and Austin and Dallas to the north. The city is home to 31 higher education facilities, including the University of Texas Health Science Center at San Antonio, the University of Texas at San Antonio, Texas A&M University–San Antonio and the Alamo Community College District.
The famed River Walk in downtown San Antonio anchors office, hospitality, entertainment and residential development. In 2014, Bank of America Plaza, San Antonio’s largest class A office building, was bought by institutional investors and, in June 2015, the Frost Bank Tower complex was announced as downtown’s first office tower complex in more than 25 years. This new downtown skyscraper complex, residential-led revitalization of the urban core and sparkling suburban office, retail, multifamily and distribution complexes create development and institutional investment opportunities in all commercial real estate sectors.
San Antonio is one of the fastest-growing cities in the U.S., employment is rising rapidly, the office and industrial real estate sectors are booming, and the other asset classes perform well consistently due to strong underlying market fundamentals.
The San Antonio office of Avison Young is now the 4th office in Texas joining Houston, Dallas, and Austin. Marshall Davidson, Jr. joins as Managing Director/Principal to lead the new office. Our collaborative model allows us to form teams of complimentary strengths around client requirements. We are a full service brokerage firm with extensive knowledge of the life cycle of real estate.