San Antonio rent evolution, click to enlarge
Above-trend employment gains, falling occupancy rates and elevated deliveries characterized San Antonio’s multifamily market in 2017. Texas was among the top five states in the U.S. for job growth last year, thanks in part to San Antonio’s contribution. Rents were up 0.8 percent, reaching $987 but well below the 2.5 percent national rate. Even though a supply surge dampened rent growth, the metro’s multifamily fundamentals remain healthy.
Employment growth was diverse in 2017, with education and health services and mining, logging and construction leading the expansion. In addition to the hefty multifamily pipeline, new projects across the metro kept the construction industry busy...Read More