Condominium developers in San Antonio retain developing rental models

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In the last decade, hundreds of thousands of people moved from other states to make their dwelling in Texas. More than 250,000 of them chose San Antonio, retaining apartment builders right here hectic.

A complete of 2,000 new apartment properties have long gone up in the condition between 2010 and 2020, according to a examine by condominium research website RENTCafé, with the highest amount of units, above 177,000, in the Dallas metropolitan region.

These properties enhanced the state’s stock of condominium models by much more than 50 percent a million. And they retain coming. 

Even with condominium building down by 12% in 2020 as opposed to the earlier calendar year, a further 126,900 apartments are underneath design across the condition. 

San Antonio has held pace. In between 2010 and 2020, developers created 55,100 apartment models in the metropolitan place, a boom that has aided source housing for the internet migration of 259,857 folks to the San Antonio-New Braunfels area between 2010 and 2019.