San Antonio is considered one of the more stable cities in the country, only slightly touched by the Great Recession. It is thought to be a great city to live and raise families in because of its low taxes, fair legal system, educated workforce and attractiveness to new businesses.
Marcus & Millichap reports on the city reflect an economy that is on the rise, in great part due to the employment boost given by oil-field service companies. The Eagle Ford Shale area is a great provider, even more so since Halliburton Co. opened its 150-acre, 400,000-square-feet operation center; they alone announced 1,000 job openings in 2013. The oil industry triggered a second round of employment in adjacent industries such as health, education and government. Among the major employers of the northern region there are the University of Texas at San Antonio, USAA and the Medical Center District; they are, in fact, part of the reason for the projected 65,000 new households between 2012 and 2017.
Read more...MARKET SNAPSHOT: San Antonio Apartment Market Report | Multi-Housing News Online
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