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The second largest city in the state of Texas and one of the major cultural centers of the mid-south region is San Antonio. The city is one of the fastest growing areas in the United States, and has an estimated population of 1.31 million residents in the city center and upwards of 2 million residents in the greater metropolitan area. The city was originally a Spanish colony, and still holds a great deal of culture and architecture dating back to the Spanish era.
The economical picture of the city of San Antonio focuses on four major industries including, financial, government, health care, tourism and much more. Several large-scale companies call the area home including several-listed n the Fortune 500. Some of the larger companies in the area include Valero Energy Corp, USAA, Clear Channel Communications, Bill Miller Bar-B-Q Enterprises, Whataburger, and Rackspace, just to name a few. The area has seen a positive drop in the unemployment rate, and continues to forecast job growth positively. To learn more about your local real estate market check our articles section.
Office Space Rates:
San Antonio is continually growing in terms of commercial and residential real estate opportunities. The area is full of office space, warehouse space, and many different options to house and grow business of all backgrounds. A recent survey of San Antonio office vacancies yielded results comparable to others in the state of Texas and around the nation. Small San Antonio office spaces with free Internet access and private entries start at around $450 a month with larger options at around $1000 a month Entrepreneurs of all types will find the area is friendly to business and continues to develop spaces to help grow the local economy thrive. We also service office suites in Dallas, Houston, and Austin. Some local zip codes are: 78201, 78202, 78203, 78212, 78213, 78214, 78215, 78216, 78217, 78218, 78219, 78220, 78221, 78234, 78235, 78236, 78237, 78238, 78239, 78240, 78241, 78255, 78256, 78257.
The San Antonio climate is humid subtropical in classification. It alternates between several different temperatures and humidity levels. The area receives mild to cool winters with little snowfall. The area also receives high heat and humidity in the summer with temperatures in the high 90’s, and is relatively on par with other parts of the state of Texas. There is no major extreme weather outside of heat waves, although thunderstorms are common.
Real Estate Market:
The real estate market in San Antonio has seen some fluctuations in line with the rest of the nation. The area has a median home price of around $219075 and looks to grow in value and price in the coming months, according to economists and analysts. While the area has not been immune to the foreclosures that are on the rise across the country, the area has faired better than other options.
Construction in the Central Business District has been almost nil. One exception is the Courtyard by Marriot, a 17 story, 220 room hotel with retail space downtown. Approximately 25 million tourists visit San Antonio each year and the city has a lot to offer them. The Alamo, where a handful of men (Davy Crockett among them) fought for Texas independence is now part of downtown and is the most-visited site in the state. Also located downtown is the River Walk with its many restaurants and retail shops and a restored movie theater ‘ Aztec on the River’ as well as the open air ‘Arneson River Theater’. Downtown News: Downtown San Antonio also has many other points of interest, such as the Majestic Theatre which was built in 1929, the Tower of the Americas (restaurant/observation tower), the San Antonio Cavalry Museum, the Spanish Governor’s Palace (built around 1725), and the San Antonio Missions National Park, which has preserved the four missions (besides the Alamo) that were established in San Antonio in the late 17th and early 18th centuries. The Menger Hotel, which has become a popular destination for ghost hunters and is also in the San Antonio downtown area. San Antonio is also home to SeaWorld and Six Flags Fiesta Texas, two very popular theme parks. There are several excellent museums too, such as the McNay Art Museum, the San Antonio Museum of Art, and the Texas Transportation Museum.