The 2014 CCIM Symposium was very informative. REOC’S Kimberly S. Gatley gave wonderful presentation on how San Antonio was making waves.
This year San Antonio has been named Time’s Most Romantic city, Conde Nast Traveler’s 3rd friendliest city, Mylife.com’s 2nd most patriotic city. With one of the nation’s largest population growths in the last year, businesses and people are making San Antonio their new home. San Antonio’s population has increased from 1.7 million to 2.3 million in the past decade. Home prices and home sales have both increased in the city, with home sales up 14%.
Real estate is also soaring because of these changes. Retail is experiencing a 90% occupancy rate. Over all office has an 82% occupancy and Class A office space has 90%. Industrial is at an impressive 93% occupancy.
Way to go San Antonio!
See Ms. Gatley’s PowerPoint here: