Thanks to growing interest from Americans and the nation’s largest ever demographic of millennials, industry changes are taking place throughout San Antonio, Texas.
Key to the build out of the area, the city’s housing market has undergone considerable new development- especially during the recent summer months of 2018. Focusing on introducing more urban city living options, new apartment communities have been popping up across the metro. Tailored to both singles and family renters, an infrastructure that attracts residents to both city and key suburban areas are being established and proposed each month. Local property developers are introducing these new projects and expanding on those existing ones to establish more footing in this growing market opportunity.
Just in the last 12 months, 25 new apartment communities have been completed, introducing over 5,000 new units for the area’s growing pool of renters. These new additions to the renter market are not going without demand despite a spike in supply. Monthly report findings from Apartmentdata.com highlights an increase in the average rent per unit and occupancy rates that are continuing to be maintained, throughout recent summer months.