According to the NAIOP Research Foundation, Texas is now the best state for new commercial real estate construction. An article in the San Antonio Business Journal reports that new construction accounted for $7.9 billion in spending and more than 150,000 jobs in 2011. The report predicts that construction spending in Texas will continue to increase over the next few years.
The ModSpace team in San Antonio has seen this boom first hand. Due to activity with the Eagle Ford Shale, San Antonio is seeing an uptick for the many businesses that support the natural gas industry, including trucking companies and equipment suppliers.
ModSpace recently completed a project for a real estate firm in San Antonio’s historic Pearl Brewery district. We helped the firm design and build a comfortable, aesthetically pleasing office with a rustic exterior to blend with the surrounding landscape.