SAN ANTONIO-Responding to expected demand due to job growth in healthcare, biotech, solar energy, as well as in oil and gas development, builders are expected to add 4,000 apartments to San Antonio's available inventory by the end of this year.
If deliveries come in as expected, new multifamily construction here will reach the highest level since 2009, according to the San Antonio Business Journal.
The urban core of San Antonio was the focus of a considerable amount of the city's new multifamily development in 2014, along with the burgeoning Broadway corridor.
Austin-based Austin Investor Interests LLC reports that for the first nine months of 2013, 61 apartment properties changed hands in the San Antonio area. Another 65 complexes were on the market for sale. Contracts are already pending on 10 of those listed properties. See story in the San Antonio Business Journal.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.