The percentage of Americans owning homes has taken a plunge to some of the lowest numbers seen in the past five decades. We can only speculate the reasons for the plunge in homeownership, but what is clear is how it has unequivocally impacted the rental industry.
New Multi-Family Construction by Submarket
With high occupancy rates remaining stable and the influx in new units on the market, San Antonia’s have proven their preference in renting. Economic momentum remains positive and therefore developers continue to meet a need in the rental industry. Several submarkets experiencing this apartment development boom include the Far Northwest, Southwest, Far West, North Central 2, and Central sectors of San Antonio.
North Central 2