As the seventh most populated city in the U.S. and the second largest city in Texas, San Antonio is a prime location for your next office space. Found in South Central Texas, the city is 140 miles northwest of the Gulf of Mexico and 150 miles northeast of Mexico.
In addition to benefitting from Texas’ low tax rates and lack of personal income taxes, there are many reasons why San Antonio makes the perfect spot for you to set up your next office space.
Fastest-Growing Population
According to a U.S. Census Bureau report, approximately 24,208 people moved to San Antonio between 2016 and 2017, earning the highest population growth rate in the U.S. This massive growth provides businesses with a large pool of talent in all of the major industries, including aerospace, bioscience, energy, and information technology.
Top Tourist Destination
Due to its rich history and famous attractions, such as Six Flags Fiesta, the River Walk, and the Alamo, San Antonio has been named a leading tourist destination. The city brings in more than 20 million visitors every year, adding over $13 billion to the economy. Downtown office spaces benefit from the foot traffic, all year long.
Diverse Workforce
With 12 colleges and universities, including the University of Texas at San Antonio, and a strong military presence, San Antonio has access to a diverse workforce that helps businesses excel in their office space. San Antonio has also been named a top 50 market for attracting people in the technology field to different office locations.
Abundant Office Space
In 2018, there were 58,686,342 square feet of Class A and Class B office space in San Antonio, with a vacancy rate of approximately 10 percent. Of that amount, 7,872,496 square feet are in the central business district (CBD) and 50,813,846 square feet are in the suburbs. This provides an array of centrally located office space for your business to choose from.
Warm Weather
San Antonio is warm and humid for most of the year, with an average temperature of 80 degrees and higher. Before you select an office space in San Antonio, be sure to inquire about energy efficiency options and heating and cooling costs, so you know what to expect before securing a lease.
