San Antonio relies on the military, healthcare, and tourism industries as its primary economic drivers. Several prominent companies, including Valero Energy, USAA, Tesoro Energy, NuStar, iHeart Media, H-E-B, and SWBC, have established their corporate headquarters in the city. Furthermore, the Eagle Ford Shale has significantly stimulated the San Antonio economy, contributing over $87 billion in economic output for Texas in 2013.
Projections for 2023 suggest that this economic impact could exceed $137 billion and result in the creation of nearly 200,000 jobs. With the generation of over 155,000 jobs and the daily production of more than 1.5 million barrels of crude oil and other liquids, there is an increasing need for core real estate developments in San Antonio and its surrounding communities. The downtown and urban core area of San Antonio are undergoing a revitalization as the city attracts a greater number of high-quality job opportunities.
