New report: San Antonio leads U.S. cities in key downtown revival metric

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New report: San Antonio leads U.S. cities in key downtown revival metric
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Opinion: A new study using cellphone activity ranked San Antonio No. 1 in one of the key categories measuring post-COVID downtown revival.

San Antonio leads a key aspect of a new study on the recovery rates of major U.S. downtown districts this year compared with 2019. San Antonio's downtown had the highest recovery rate of nonresidents in its downtown.An unexpected gust of good news blew into downtown San Antonio on Oct. 31, a Halloween treat in the form of a new national study on downtown revival trends in 26 U.S. cities post-pandemic.

The five big metros in Texas all placed in the top 15 of the 26 cities in the nonresident worker measure. While San Antonio had the highest overall rate of recovery, Fort Worth was sixth, Houston 10th, Dallas was 13th and Austin 15th. San Antonio also finished ahead of San Diego, California, and Memphis, Tennessee.

Residential density remains lacking in San Antonio’s downtown, long geared to the convention and tourism industry and dominated by hotels with few residential towers. That will start to change in 2024 when, San Antonio’s most ambitious downtown developer, opens 300 Main, its upscale 354-unit tower, which will be the city’s tallest residential tower. A few blocks south in the Zona Cultural, Weston Urban has started construction on the Continental Block, with 250 units planned.

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