San Antonio tops U.S. as 2nd most active real estate market within the last decade
red-hot san antone
A new report has discovered Texas cities hold the top five most active real estate markets in the country, with San Antonio landing in No. 2. The study by storage marketplace StorageCafe reflects the city's resiliency over the last decade after a recent reported plummet in San Antonio's quality of life.
San Antonio had the second highest number of single-family home permits between 2013 and 2022, totaling about 34,000 units. At the same time, the city also permitted over 38,500 new multi-family/apartment units. The massive influx of housing ultimately adds up to an impressive national surge.
On the industrial end, San Antonio also took the No. 2 spot in the country for the most square feet of new industrial space construction. Nearly 23 million square feet was erected in the last decade, and six million constructed for new office space. This further solidifies San Antonio's standing as a top destination for business.
According to the study, the city mainly benefits with its "innovative economy that revolves around healthcare, tech and tourism, but also rooted in manufacturing and international trade."
Outshining Alamo City in the list of real estate growth is Houston(No. 1), with 55,600 single-family homes permitted between 2013 and 2022, and nearly 90,000 multi-family units. Surprisingly, Austin only made it into No. 3, with vastly greater multi-family permits issued in comparison to single-family units: 98,764 versus 37,029.
The real estate markets in Fort Worth and Dallas respectively round out the top five.
The cities that complete the top 10 include:
- No. 6 – Phoenix, Arizona
- No. 7 – Jacksonville, Florida
- No. 8 – Las Vegas, Nevada
- No. 9 – Denver, Colorado
- No. 10 – Oklahoma City, Oklahoma