Regardless of the changes and growth San Antonio’s commercial real estate market has gone through over the past 12 months, it always boils down to the constants: it’s a cyclical market that will have ups and downs.
But there was a new conversation at yesterday’s 24th CCIM Symposium that got people excited and curious about how consistent those constants would be. The buzz was focused on transportation and technology, both in separate terms and how the two would intertwine and push commercial real estate development into the future.
As part of a panel discussion, Weston Urban President Randy Smith and GrayStreet Partners’ Managing Partner Kevin Covey — both from companies committed to revitalizing downtown San Antonio — repeatedly returned to the point that interest among technology companies in establishing a presence here will only continue to increase.
In part because of the city’s low cost of living, as well as attractive rental rates in comparison to other growing tech hubs across the country, San Antonio — specifically downtown San Antonio — has the opportunity to attract this strong pool of tenants and leverage them for continued urban development, both Smith and Covey said.
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