Real estate trends in San Antonio, Texas

Image source: lonelyplanet.com


For this blog, Gene Bernshtam answers some frequently asked questions about important residential and commercial real estate trends in San Antonio, Texas. What is happening in San Antonio? It's no surprise that the population of San Antonio has been growing rapidly. Since 2000, it's grown by over 40%, with an impressive 18% since 2010 alone. This makes San Antonio one of the fastest-growing cities in Texas and among the top 10 fastest-growing cities in America. Now home to approximately 1.4 to 1.5 million people, San Antonio has become the second-most populous city in Texas. According to Forbes, some of the largest companies in the U.S., including USAA, Tesoro Petroleum Corp., NuStar Energy L.P., and Valero Energy Corp ., operate headquarters or major divisions in San Antonio. In addition, the city's many military facilities have brought in large numbers of civilian jobs related to supporting them, and an increasingly diverse economy is helping the area thrive. What does this mean for real estate? Real estate in San Antonio has been expanding rapidly with this population boom. For example, about 50 people per acre live in San Antonio, which is more than twice the density of people per acre in Austin.

Image source: radissonhotelsamericas.com


What are some recent trends?

Demand for housing has been increasing quickly, with single-family homes being particularly popular. Sales have doubled over the last five years, and new home construction has been up by one-third since 2006. In 2014, buyers paid an average of $232,000 for a home in San Antonio.

What about commercial real estate?

With an incredibly large population to serve and new businesses continuing to open, demand has been particularly strong for commercial property and residential property. For example, an office building recently sold for $20 million.

What does this mean for investors?

The expanding population and thriving economy in San Antonio mean that now is a great time to invest in real estate there. There are many opportunities for investors, both commercial and residential, Gene Bernshtam adds.

Learn more about Gene Bernshtam, his work, and real estate in general here.

Comments

Post a Comment

Popular posts from this blog

Knowing the benefits of mixed-use development

Image
  When we think about mixed-use development, we think about a multi-faceted building - from podium to apex - where each component is a main activity. In this article, Gene Bernshtam, who specializes in mixed-use properties, will share with us the benefits of this type of development that even dates back to the beginning of civilization. Image source: probuilder.com Historical precedents Ancient Rome has old market squares where trade and commerce are intertwined with administrative offices, and even a library. During the industrial age, however, the trend has reversed from city to suburban life due to strict zoning laws dividing living and working areas. The invention of automobile even reinforced this. Nowadays, people are moving back to the cities where they can find lots of opportunities in a single location, as if adopting the idea of ancient Rome. Image source: rddmag.com What is a mixed-use building? A mixed-use development or building, for that matter, is a microcosm of
Read more

The Porsche 986 Boxster and its new stature as a classic car

Image
Image source: roadandtrack.com If you’ve been a car aficionado for a very long time like Gene Bernshtam, you might experience the coming of age when you find out that a car from your youthful and more energetic days is now considered a classic. That’s exactly what the Porsche Boxster 986 is today. The Porsche Boxster 986 is a mid-engine roadster produced by the German car manufacturer Porsche between 1996 and 2004. It was introduced in late 1996 at the Bologna Motor Show as a 1997 model year vehicle, followed by an updated version in 2004. From its founding in 1996, the Porsche Boxster 986 is now a classic, with over 20 years of sports car brilliance that many car aficionados like Gene Bernshtam can attest to. Recently, as Porsche UK’s way of celebrating 70 years of existence, it brought 20 freshly restored first-generation 986 Boxsters to the NEC Classic Motor Show. However, these came with a modernized flavor, as they were installed with the brand’s proprietary tech, like i
Read more