San Antonio is a city rich in culture, history and excitement. The city's diverse workforce and low tax burden has long made it a hot spot for commercial activity. It is therefore no wonder that the commercial real estate market has reaped the rewards of a strong, healthy economy.Â
There are many factors that come into play when speaking of an area's strong, local economy. From its cost of living to its location and its housing market, a city can not experience a strong commercial sector - and therefore a strong commercial real estate market - if residents, businesses and corporations aren't drawn there. It's no wonder, then, why San Antonio has a thriving commercial sector. The following list details the top 10 reasons why San Antonio supplies the perfect ingredients for a healthy commercial real estate market:
- Port San Antonio, its numerous tax advantages and its Foreign Trade Zone designation
- Ideal location between Florida and California and Canada and Mexico
- Close proximity to Latin America countries
- One of the most affordable and strongest housing markets in the United States (which attracts a healthy workforce)
- A healthy population growth (15 percent over the last, few years)
- Low cost of living and year-round, warm temperatures
- Home to numerous, major corporate headquarters, including Valero Energy Corporation, Clear Channel Communications, Tesoro Petroleum Company, Kinetic Concepts and NuStar Energy LP
- The presence of major, national and international companies, including Toyota Motor Manufacturing, Microsoft, Washington Mutual Financial, QVC Home Shopping and Martin Marietta Materials SW
- Education and research institutions, including Southwest Foundation for Biomedical Research, Texas Research Park, University of Texas Health Science Center, University of Texas San Antonio and Trinity University
- Number one tourist destination in Texas
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