If a new ranking is accurate, San Antonio’s hot market for commercial real estate will continue to sizzle in 2022.
The ranking, from Austin-based CrowdStreet, positions the Alamo City as the country’s No. 14 market for commercial real estate investment this year, marking the city’s debut on the top 20 list. CrowdStreet’s online platform enables private investment in commercial real estate.
San Antonio’s military presence, population growth, and retail growth led to “outsized growth” here last year, CrowdStreet points out.
“A military presence and above-average population and retail sales growth have helped to spur outsized growth for the local economy in 2021,” CrowdStreet says, also noting a LaborIQ report that its proximity to Austin could eventually lead to a combined market that could have a significant impact on labor, the economy, and real estate. “San Antonio and Austin may be moving closer to merging into a single labor market, similar to Dallas-Fort Worth.”
CrowdStreet ranked the top 20 commercial real estate markets based on nearly 30 factors, including population growth, job growth, unemployment rate, economic diversification, education levels, climate, property prices, and quality of life. Click to read more at www.sanantonio.culturemap.com.