Merit Commercial Real Estate Sees Room for Growth in San Antonio Office Market
“The San Antonio Office market has remained exceptionally strong compared to other major cities, “noted Ryan Harrison, CEO of Merit Commercial Real Estate. “We saw strong demand for this type of building in the Northwest submarket from the tenants we represent, which led us to this acquisition,” said Mike Sawtelle, EVP tenant agency for Merit and long-time maker in San Antonio Office market.
Many Fortune 500 companies across the country had plans to bring their workforce back to the office this fall, only to postpone those plans. Now, big cities are seeing companies change their strategies and implement a hybrid or completely remote working style. In contrast, the majority of the San Antonio Companies see a continuing interest in getting back to work.
“While headlines from cities like new York and San Francisco a picture of vacant office buildings that have painted San Antonio Office market has remained stable, “said Harrison.” What we’re doing in business San Antonio is that, for all its capabilities, technology stands in the way of personal collaboration and team-wide support. “
For most organizations, discussions about going back to the office involve balancing security and productivity, while using the office space as a tool for attracting and retaining talent. The main features and benefits desired by employees are (i) single story office buildings due to their unique access control, (ii) proximity to employee homes, and (ii) outdoor areas such as break areas and walking paths.
The University Park Tech Center I & II is unique in that San Antonio Markt and is one of the few single-story, large blocks of space available in Corridor I-10. It positions itself in Northwest of San Antonio offers reduced commute times to many of San Antonios Staff and the property has a wooded walking path and outdoor break areas that are Merit has plans for improvement.
Merit that specializes in tenant representation and has positioned itself uniquely. “The ability to acquire and develop properties for our clients sets us apart from any other rental agency company in the market and enables us to capitalize on opportunities for the benefit of our clients,” said Will Collins, Co-CEO of Merit.
“San Antonio is in a great position to get from a strong one Texas Business environment and unprecedented population growth resulting from it, “said Harrison,” and our investment in University Park Tech Center I & II reflects our confidence in the strength of our local office market. “
Contact: Will Collins, CEO, 210-541-2005, [email protected]
SOURCE Merit Commercial Real Estate
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