San Antonio Outpaces Austin in Millennial Growth

The question remains whether San Antonio can back up the population of young people moving to the city with desirable multi-family housing.

1 minute read

June 17, 2015, 2:00 PM PDT

By James Brasuell @CasualBrasuell

"For the first time in, well, forever, the rate of millennials moving to San Antonio has edged out the hip Texas metro [of Austin]," reports Katie Burke. "According to a Bloomberg report, San Antonio had nearly a 30 percent jump in its millennial population between 2000 and 2013. Austin came in just a bit lower, with a 28 percent rise."

Burke goes on to consider the next step for cities faced with strong growth in young populations—permitting of multi-family development. "In terms of millennial-spurred multifamily permit activity, Austin-Round Rock-San Marcos, Houston-Sugarland-Baytown and Dallas-Fort Worth-Arlington all made the list in order of percent changes in multifamily permits." Burke, along with a local real estate market expert, speculates that San Antonio should be ripe for multi-family development.

FULL STORY: San Antonio outpaces Austin, Houston in millennial gains

Friday, June 12, 2015 in San Antonio Business Journal

Social / Demographics Urban Development Texas San Antonio Millennials Multi-Family Housing View More

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