San Antonio market sees 4,000 new units added San Antonio market sees 4,000 new units added https://www.recenter.tamu.edu/news/newstalk-texas/?Item=53792014-01-02T07:00:00Z2014-01-02T00:00:00Z

SAN ANTONIO - At the end of 2013, 4,000 new apartment units were added to the San Antonio area apartment market. During 2014, the market could gain another 6,000 new apartment units in and around the city.

The roster of developers includes Turner Busby Development LLC and locally based Embrey Partners.

Coming off of a rather lengthy dry spell — the market hit a 20-year low in second quarter 2011, delivering a meager 132 new units between April 2011 and June 2011 — developers are working to catch up to the pent up demand for new product.

The local multifamily sector is also reaping the benefits of a much more balanced market — as developers target various areas of the city, from the suburbs to the urban core, for their projects.

San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/blog/2013/12/demand-prompting-a-new-wave-of.htmlRead more at {Source}

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