With all the recent hubbub about the rise in home prices and the growth San Antonio’s housing market, it may be easy to forget that Alamo City is among the country’s hottest commercial real estate markets.
In a recent report, the National Association of Realtors identifies San Antonio as one of the top 10 commercial real estate markets in the U.S. Austin is the only other Texas market to appear on the unranked list.
“While the office market is still broadly facing declining absorption, secondary markets are experiencing an increase in office occupancy, given the relatively affordable residential and commercial prices in these markets,” notes NAR’s Commercial Markets Insights report from September, with San Antonio being among such markets.
San Antonio’s proximity to boomtown Austin is part of what is benefiting the market.
“San Antonio is benefiting from the strong growth in the Austin market, given its…