Far Northwest San Antonio submarket ranks No. 7 in U.S.

SAN ANTONIO – Far Northwest San Antonio has been named the seventh busiest submarket in the nation in this cycle by MPF Research.

Far Northwest San Antonio’s apartment inventory expansion rate since 2012 is 44.2 percent, including new apartment supply plus units under construction at the end of third quarter 2014.

Putting that percentage into numbers, Far Northwest San Antonio has received 2,741 new units since 2012, with another 1,473 units under construction.

San Antonio is quickly growing north, and Far Northwest San Antonio is in that growth path.

The submarket contains two important roadways: Loop 1604 and I-10, which intersect in the southern part of the submarket. That intersection is a hotbed for apartment development, as well as retail and office space.

Another big apartment demand driver in the Far Northwest San Antonio submarket is the University of Texas at San Antonio (UTSA). As of the fall semester 2014, there were 28,628 students enrolled at UTSA.

Far Northwest San Antonio is quickly becoming the retail and entertainment hub of San Antonio with attractions such as The Rim, Top Golf, Six Flags Fiesta Texas and The Shops at La Cantera.

Zip codes for Far Northwest San Antonio, according to MPF Research:

78006, 78013, 78015, 78023, 78063, 78074, 78249, 78255, 78256, 78257