Feature Photo: San Antonio has made its first-time appearance on the top U.S. real estate markets to watch list – ranking No. 8 out of 80 cities on the list – as published in the “Emerging Trends in Real Estate” report for 2024 by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC). This recognition showcases the transformational growth of the San Antonio region as a top metro to live, work and grow a business. Image: greater:SATX
San Antonio (Bexar County) — The Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC) recently released its “Emerging Trends in Real Estate” report for 2024, and San Antonio has made its first-time appearance on the Top 10 list for U.S. real estate markets to watch — ranking No. 8 out of 80 cities on the list.
This recognition showcases the transformational growth of the region as a top metro to live, work and grow a business.
The ULI/PwC report, its 45th edition, was published Oct. 31 and places San Antonio in the “Super Sun Belt” subgroup of the “Magnets” category stating.”These markets are large and diverse but still affordable, forming powerhouse economies that attract a wide range of businesses,” according to a news release.
The report characterized the Super Sun Belt: “Households are attracted by the warmer weather, more affordable housing, and strong job growth…Firms are attracted by the lower regulations and taxes in these markets, along with the growing labor force, in a virtuous cycle between population in-migration and corporate relocations, which feed off each other. In turn, these key drivers attract the attention of commercial and residential real estate investors and homebuilders.”
“We are thrilled to see San Antonio break into the Top 10 among 2024’s Markets to Watch from PwC and ULI’s Emerging Trends in Real Estate report, though it’s no surprise to those of us doing business here in San Antonio,” said Jenna Saucedo-Herrera, president and CEO of greater:SATX, the regional economic partnership for the city. “This is a wonderful testament to the welcoming and positive culture of our region and the collaborative work of our public-private partnership to address the needs of businesses and residents in our community.
“Keep an eye on San Antonio as we continue to align our investments in placemaking to create a more prosperous city for our residents here today and those we’ll attract in the future. Life works greater here in San Antonio, and we believe we are in a moment of transformational growth and invite the world to know San Antonio beyond our status as Texas’ best place to visit,” she added.
“This is San Antonio’s first time breaking into the Top 10 U.S. real estate markets to watch, the result of countless individuals locally who think and invest boldly to make our San Antonio market one of the most favorable places to live, work and build a business,” said David Adelman, principal of AREA Real Estate and ULI San Antonio Governance Council member.
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Edited from news release.