Local office properties had 380,064 sf of positive net absorption in second quarter 2010, according to NAI REOC San Antonio. “While most markets are still reeling from the extended recession and many are anxious about a potential double-dip in the economy, the San Antonio office market quietly experienced a very strong second quarter,” says Brian […]
While San Antonio’s unemployment rate jumped in June to over 7%, the state of Texas, which had 8% of the U.S. population, is creating 25% of new jobs. This is good market share.
According to Bloomberg, U.S. commercial property values are rebounding slowly and may remain as much as 40 percent below their 2007 peak levels, Pacific Investment Management Co. said.
Information Technology in San Antonio is an $8-billion business growing 20% since 2005 and employing over 15,000 inviduals. San Antonio is particularly strong in cyber security, which is home to the NSA’s new facility, USAF’s information security operations and Institute for Cyber Security at U.T.S.A.
San Antonio’s unemployment dropped to 7.1% in May, versus a national rate of 9.3%. Additions were in the hospitality, trade, transportation and utilities sectors, as well as construction. To read more on this topic, please click here.
Commercial real estate investors reveal both frustration and disappointment at the lack of quality buying opportunities that many expected would have materialized by now, according to the second quarter 2010 findings of PricewaterhouseCoopers’ Korpacz Real Estate Investor Survey. The report notes that the unknown speed and strength of the economic recovery has many investors anxious, […]