San Antonio's tech labor pool has grown to more than 31,000, an increase of nearly 5,000 or 17.8% in the last five years (2012 to 2017). The cost of business is significantly lower, with the total cost of business ranking at just 88% of the US average. Comparing the annual average apartment rent with the annual average tech salary, San Antonio's rent-to-tech wage ratio is 12.5%, creating a very affordable cost of living for tech employees in San Antonio, according to a recent CBRE report.—Lisa Brown
BY THE NUMBERS
HOUSTON—The NAI Partners Sublease Index—measured by the amount of sublease space as a percentage of total available space—decreased 10 basis points to 15.2% near the end of July.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
