San Antonio commercial real estate is in the midst of one of the longest sustained growth cycles in the city’s history. This cycle is a well-balanced one since new construction for the most part, has been well-planned to equalize with demand. Construction costs, however, are steadily on the rise, and as a result upward pressure on overall commercial space rental costs continue.
Mixed-use projects, combining retail and residential and/or office space, recognized by developers as the most cost effective use of construction dollars, continue unabated in San Antonio, and have proven hugely popular with developers, renters and investors.
A prime example of developments of this type is the current ongoing expansion of The Shops at La Cantera. The expansion will include additional retail space for shops and restaurants, and approximately 40,000 square feet of new office space.
Although analysts claim that continued new retail space development in San Antonio un-anchored strip centers, in particular – may possibly overtake demand, the city’s office space market remains vibrant and healthy.
New construction, as well as renovation and expansion of existing properties such as shopping centers, hotel/motel, office, senior, residential and multifamily housing communities, health care property, warehouse and industrial complexes continue to accelerate.
The Voss Group is the agency best suited to help you attain your San Antonio commercial real estate goals. We can be your most valuable asset in purchase or long-term lease negotiation, property location and assessment, and much more. Contact us today for a no-obligation consultation.