Great write-up. CSC continues to believe in the long-term growth and dynamics of San Antonio, and we will continue to focus on potential projects in the market.
San Antonio has been ranked the Nation's 3rd Fastest-Growing Major Market since 2020, according to CoStar. THE NUMBERS: "Greater San Antonio's residential population expanded by approximately 50,000 people in 2023, after adding another 50,000 the year before on a net basis. This is essentially equivalent to 132 people per day: a small commercial flight's worth of new residents every single day of the year for the past two years." THE REASON: "With a seasonally adjusted unemployment rate of 3.6% as of the most recent release from the Bureau of Labor Statistics, the local job market is also a major draw. Jobs in growing industries such as cybersecurity, technology and advanced manufacturing have expanded in the San Antonio area." THE BENEFITS: "San Antonio, in particular, has long attracted domestic migrants with its stalwart job market and relatively affordable housing. While San Antonio home prices have grown at the fastest rate among the nation’s 25-largest metropolitan areas over the past two decades, it remains affordable compared to major gateway markets." https://lnkd.in/dTqNUDeQ
