We certainly hope that it doesn’t come to this but it is somewhat comforting to know that according to a recent study by Moody’s Investor Service reported by Yahoo News, San Antonio is considered to be most prepared for a recession.
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According to NAIOP analysis, the $2-trillion economic stimulus bill recently passed by House and Senate leaders in response to the COVID-19 pandemic, has multiple positive implications for commercial real estate.  Click article link below to watch video As part of REBusinessOnline’s Finance Insight series, Charles Cronin of Axiom Capital Corp. recently discussed how the longest upcycle in history is impacting the lending environment.
According to the American Institute of Architects, 2020 started the year on a strong note as architecture firm billings strengthened slightly in January.
Worldwide commercial real estate investment volumes increased by 10% in the fourth quarter of 2019, to $245 billion.
In hopes to create more affordable housing, the San Antonio Housing Trust offered $30 million in tax breaks without realizing rents are too high for majority of low-income residents.
In July, the Texas economy added 35,200 seasonally adjusted Total Nonfarm positions. Texas employers added 323,300 jobs over the year. …Read Entire Post  San Antonio was recently listed among the top-ranked large metros for Economic Growth Potential in Business Facilities’ 15th Annual Rankings Report.
Click to read full article: Atlanta, San Antonio, Phoenix Lead In Economic Growth Potential (Business Facilities, July 29, 2019)
 Aerial view of Brooks Prague-based business and services provider OKIN BPS has selected San Antonio for its U.S. headquarters. The expansion will create around 1,500 jobs and nearly $23 million in capital investment. OKIN BPS has received an incentive from the Texas Enterprise Fund grant for $6.6 million. The new offices will be located at …Read Entire Post  Bank of America will move some of its San Antonio business to Broadway Street Bank of America is leasing 66,000 square feet of office space at Broadway Street near the Pearl. Bank of America will be neighboring Credit Human’s fully leased 10-story office tower. According to Vince Fertitta, Bank of America San Antonio market president, the move is a demonstration of growth strategy in San Antonio. “We continuously evaluate our real estate portfolio to ensure we are optimizing work space so our teams can have stronger collaboration and better serve the needs of our clients. We’re also thrilled to be moving to one of the newest buildings in this growth area of town that has so much to offer our clients and employees.” Silver Ventures Chief Marketing Officer Elizabeth Fauerso said …Read Entire Post |
Texas’ unemployment rate held steady at 3.4 percent, matching the record-low rate set in June 2019, according to the Texas Workforce Commission.