The second largest city in the state of Texas and the seventh-largest city in the United States, San Antonio is the center of Tejano Culture and Texas tourism.
San Antonio enjoys a diverse industry collection that continues to strengthen and build upon the city’s historic economic base. Once primarily immersed in the military and hospitality industries, more diverse industry strengths have emerged in the city recently, making San Antonio one of the most recession resistant economies in the country.
The strength of the city’s economic structure is its diversity, which is as varied as the San Antonio’s cultural makeup. While traditionally known for its tourism/convention business and large military presence, San Antonio has shed its two-dimensional label and today has multiple industries driving its economy. This has resulted in the greater San Antonio area having one of the most robust economies in the country. The city’s growth industries include: Aerospace, Financial Services, Government & Military, Health Care & Bioscience, Hospitality & Entertainment, Information Technology, Manufacturing, Telecommunications and Transportation & Logistics.
San Antonio’s office space leasing market kicked off the year by posting 113,583 square feet of positive absorption. Assortment is what makes San Antonio’s economy strong and reflects the community-wide consensus for business development and quality job creation. San Antonio office space puts you in an environment that provides an educated, qualified workforce of more than 900,000 people. Nearly 120,000 students are enrolled in area colleges and universities and often choose to stay in San Antonio after graduation. San Antonio has numerous training programs including manufacturing, information technology, and aerospace preparation.
Companies are attracted to San Antonio’s low cost of doing business with competitive utility rates that are among the lowest in the nation; San Antonio’s affordable cost of living is nearly 10 percent below the U.S. average. Discover what other companies have found in San Antonio. Relocate, expand or open your business with office space in San Antonio today!
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