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San Antonio-Austin Pegged As One of The Next Great 'Mega Regions"

Monday, December 5th, 2016 at 4:57pm Engel & Völkers San Antonio

If you have traveled up and down the I-35 corridor over the past anytime over the past few years the landscape seems to be in consistent change.  From the expansion of the campus of Texas State in San Marcos to the giant growth seen in towns such as Kyle, New Braunfels and Boerne to name just a few.  

A recent article written by Forbes goes into detail about the growth.  "The area is home to three of the 10 counties with more than 100,000 residents that have logged the fastest population growth in the country since 2010.

In fact, there is no regional economy that has more momentum than the one that straddles the 74 miles between San Antonio and Austin. Between these two fast-growing urban centers lie a series of rapidly expanding counties and several smaller cities, notably San Marcos, that are attracting residents and creating jobs at remarkable rates."

The San Antonio-Austin region now accounts for just over 4 million residents and within the next 15 years the region is expected to boom to over 5.5 million!  Another study by researcher's Garrett Dash Nelson and Alasdair Rae, employed data from the U.S. Census Bureau to map out the 'mega-regions' of the United States.  The study found that the Central Texas region should see growth mirroring what happened between Fort Worth and Dallas.  

With the expected growth happening between San Antonio and Austin the smaller communities and cities between "the two metros are booming in both home sales and values and this trend should be expected to continue" notes Michele Turnquist owner at Engel & Volkers Austin and Engel & Volkers San Antonio.  With Both Austin and San Antonio's economies both well diversified the boom and bust cycles that plague a lot of Texas's oil based economies will not effect this region.  

For more info on the local housing markets or if your in the market for an investment home give us a call at Engel & Volkers 512-328-3939.

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