REOC San Antonio
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Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Breaking through the national chain gang: Local retailers pulled to SA’s high-growth suburbs

local-coffeeThe retail submarkets in San Antonio’s northwest quadrant may have a reputation for their national chain-heavy lineup of tenants.

Population growth, the strongest employment presence in the city and a steady increase in household incomes has made Northwest, far West and far Northwest San Antonio hot spots. Local Coffee has an expanding base of the business’s customers in the northwestern submarket spurred the specialty retailer to lock down two new locations.

The first outpost to open will be in Leon Springs and will be a 1,400-square-foot space in front of the H-E-B along the I-10 corridor. The second space will be 1,700 square feet in the soon-to-be-delivered Pond Hill Shopping Center.

With about 700,000 square feet of new retail construction slated for delivery throughout the remainder of the year, along with Blackburn Properties’ 200-acre mixed-use plan in far West San Antonio is the largest one on the table — the availability of space in those fast-growing areas will also play a key role in attracting a wider span of retail tenants.

So will local retailers continue to venture to the outer suburbs? Based on the amount of space that will soon be available, attractive customer population and no sign of a slowdown, the question is more about when they will rather than if they will.

Click here to read the full article: Breaking through the national chain gang: Local retailers pulled to SA’s high-growth suburbs San Antonio Business Journal 9/22/2016

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