San Antonio Market

According to the United States Census Bureau, the city of San Antonio ranks 7th in population, and is the 2nd largest city in terms of population in Texas. From 2010 -2019, no other city in the United States with a population over 1,000,000 grew faster than San Antonio.

The City of New Braunfels, which is part of the San Antonio Metro Area (San Antonio/New Braunfels) had a population growth of 32,533 from 2010-2019. The city ended 2019 with a population of 90,209 and was the 3rd fastest growing city in the Country by population for the same period.I recently sat with the San Antonio Market Team from NorthMarq. In the meeting they shared the following information on the San Antonio Market:Not only is San Antonio one of the fastest growing Metropolitans in the country, but it is also being fueled by youth and strong economic factors:

• San Antonio leads the nation in cumulative growth for 20–34-year-old. This is a highly sought demographic, as they provide labor for today and years to come and are more likely to rent. Driving this growth are good jobs and low living expenses in comparison to the rest of the country (and cities like Austin).
• San Antonio’s economy is bolstered by a strong economic base, consisting of companies from energy, financial, industrial, and retail. Frost Bank, Clear Channel, NuStar Energy, USAA, Whataburger, Valero, Rackspace, and HEB are just a few of the companies that call San Antonio home. With the growth of Port San Antonio, the city is seeing an explosion of Aerospace, Defense, Cybersecurity and Manufacturing jobs (Home | Port San Antonio)

Interstate Highway 10 (I10) and Interstate Highway 35 (I35) intersect in San Antonio, allowing goods to be transported, stored, and shipped North to Canada, South or West to Mexico and East to the Gulf of Mexico. In other words, San Antonio is a strategic shipping hub and will benefit from the recently renegotiated North American Free Trade Agreement (NAFTA)

In conclusion, San Antonio’s economy remains strong, which could set the metro up for outperformance in the years to come.