WHY ?

DISCOVER THE ALAMO CITY DEEP-ROOTED HISTORY. TRACK RECORD OF ECONOMIC GROWTH.

Q220 From Managing Director, Gardner Peavy: WHEN PEOPLE ASK WHY SAN ANTONIO, MY IMMEDIATE ANSWER IS, WHY NOT? TABLE OF CONTENTS

With over 2.4 million residents, the San Antonio metropolitan area continues to be one of the fastest- OUR EMPLOYMENT 04 OFFICE MARKET 10 growing metros in the nation. It is ranked the 25th largest metropolitan area in the and third in the state OUR ECONOMY 05 RETAIL MARKET 11 of Texas. The area is home to a mix of industries that create thousands of jobs that make up a local gross domestic OUR PEOPLE 06 LAND MARKET 12 product (GDP) of $116.6 billion. OUR DIVERSITY 07 INDUSTRIAL MARKET 13 GARDNER PEAVY The strength of the city’s economic structure is its diverse MANAGING DIRECTOR business culture, making San Antonio’s economic OUR QUALITY OF LIFE 08 OUR CITY OF SAN ANTONIO 14 performance in recent years among the strongest of the large cities in Texas. Military, tourism, logistics, healthcare, MULTIFAMILY MARKET 09 business, and tech industries are key factors in helping the Alamo City maintain one of the strongest job markets in the nation. San Antonio is known as one of the most economically stable cities in the nation, boasting one of the lowest unemployment rates in the U.S., while maintaining a vibrant yet affordable lifestyle and business environment.

The Alamo City has become a gravitational region for growth and development after having weathered the recent Great Recession and energy price volatility better than the state overall. Thanks to all the factors above, and its attractiveness to expanding and diverse industries, including Fortune 500 companies, the region is quickly transforming into one of the best places in the U.S. to work and raise a family. The Urban Land Institute's 2020 Emerging Trends Report features San Antonio as a “Top 25 Market to Watch” highlighting that San Antonio seems to be poised to take advantage of a key technology need as the local campus of University of Texas is ranked second in cyber security education. Investor sentiment must also agree, with investors now seeming to be circling such opportunity, as 2018 and early 2019 transaction flows just above $7.3 billion, in the same ballpark with Nashville.

While we hope you find this piece informative, our main goal is to make you curious enough to ask and explore why San Antonio is truly an economic engine that will continue to flourish. And when you’re ready to ask that question, CBRE’s leading sales professionals are ready to offer their insights and expertise and partner with you for your success.

WHY SAN ANTONIO? Q2 2020 OUR EMPLOYMENT OUR ECONOMY OVERALL EMPLOYMENT REMAINS HEALTHY HEALTHY ECONOMIC INDICATORS SHOW CONTINUING GROWTH FOR SAN ANTONIO LIFE SCIENCES & HEALTHCARE TECHNOLOGY

SAN ANTONIO LABOR FORCE & UNEMPLOYMENT

1200 8

7 18,100 1000 JOBS ADDED ECONOMIC IMPACT OF OVER $40 RANKED #15 IN HIGH TECH GDP BY EMPLOYS OVER 60,500 PEOPLE THE MILKEN INSTITUTE 6 MARCH 2019-MARCH 2020 BILLION BETWEEN 2017-2018 HOME TO USAA, THE LARGEST 800 5 ONE OF EVERY SIX EMPLOYEES TEXAS-BASED FINANCIAL FIRM 234,300 WORK IN LIFE SCIENCES AND #2 CYBER-SECURITY HUB 600 4 JOBS ADDED HEALTHCARE IN THE NATION HOME TO HEADQUARTERS SINCE MARCH 2010 INCLUDING , BROADWAY 3 400 SAN ANTONIO IS HOME TO 900+ DEPARTMENT OF BANK, JEFFERSON BANK, BANK OF SAN LABOR-DESIGNATED IT COMPANIES 2 THE DEPARTMENT OF DEFENSE’S ANTONIO, USAA, SWBC, LONESTAR 200 LARGEST MEDICAL CAPITAL BANK, SECURITY SERVICE FEDERAL 1 OVER 56,000 JOBS IN THE SCIENCE CREDIT UNION 13 RESEARCH ORGANIZATIONS AND TECHNOLOGY WORKFORCE 0 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2,295 RESEARCH PROJECTS 35,000 PROFESSIONALS IN IT TOTAL EMPLOYMENT (NON FARM) UNEMPLOYMENT RATE (NON FARM) OVER 80 COMPANIES SERVING THE Source: Bureau of Labor Statistics, April 2020 105,713 HEALTHCARE & TECHNICAL OCCUPATIONS SAN ANTONIO DEFENSE CLUSTER

13,680 HEALTHCARE JOBS WERE OVER A $10 BILLION INCREASINGLY DIVERSIFIED ECONOMIC IMPACT ADDED FROM 2014-2019 SAN ANTONIO ECONOMY Sources: San Antonio EDF, Sabio Science Sources: Milken Institute, San Antonio EDF, Cyber Texas Sources: Business In Texas, 2020

HOSPITALITY & TOURISM AEROSPACE & AVIATION MILITARY & DEFENSE 6% MINING, LOGGING AND CONSTRUCTION 5% MANUFACTURING 17% TRADE, TRANSPORTATION, AND UTILITIES 2% INFORMATION ECONOMIC IMPACT OF $15.2 BILLION 18+ AEROSPACE AND AVIATION MILITARY CITY USA 9% FINANCIAL ACTIVITIES COMPANIES IN THE SAN ANTONIO MSA 13% PROFESSIONAL AND BUSINESS SERVICES OVER 37 MILLION VISITORS PER YEAR HOME TO JOINT 16% EDUCATION AND HEALTH SERVICES OVER 13,000 EMPLOYEES WORK IN BASE SAN ANTONIO THE AEROSPACE/AVIATION INDUSTRY 13% LEISURE AND HOSPITALITY 23.1 MILLION OVERNIGHT VISITORS (JBSA) 4 LOCATIONS WITHIN JBSA 4% OTHER SERVICES IN THE METRO AREA BOEING OPERATES WITH ANNUAL CONTRIBUTION OF OVER 16% GOVERNMENT OVER 140,000 EMPLOYED 1.6 MILLION SQUARE FEET $30 BILLION TO THE TEXAS ECONOMY OF FACILITIES INCLUDING ONE OF THE INDIVIDUALS IN THE HOSPITALITY WORLD’S LARGEST FREE-STANDING HIGH Source: Bureau of Labor Statistics, May 2020. INDUSTRY OVER 187,000 EMPLOYEES BAY HANGERS CORPORATE HQs AND REGIONAL OFFICES 284 HOTELS IN SAN ANTONIO SAN ANTONIO IS HOME TO THE LOCKHEED MARTIN, LARGEST IN THE US CHROMALLOY, STANDARDAERO HEB LOCKHEED MARTIN SECURITY SERVICE FEDERAL CREDIT UNION HOTEL EMMA IS ONE OF TWO HOTELS DEPARTMENT OF DEFENSE AND GDC TECHNICS’ PRESENCE TEXAS BIOMEDICAL RESEARCH INSTITUTE HOLT CAT IN TEXAS TO RECEIVE THE AAA FIVE SUPPORT THE INDUSTRY'S GROWTH IN RACKSPACE UT HEALTH FROST BANK DIAMOND AWARD HOSTS THE VALERO SOUTHWEST RESEARCH INSTITUTE NSA SAN ANTONIO LARGEST AIR FORCE INTELLIGENCE USAA SWBC CST BRANDS HULU JEFFERSON BANK ACELITY PORT OF SAN ANTONIO PROVIDES A FORT SAM HAS THE SPURS ENTERTAINMENT ACCENTURE HARLAND CLARKE 1,900 ACRE HOME FOR THE INDUSTRY DEPARTMENT OF DEFENSE’S LARGEST IHEARTMEDIA, INC. RANDOLPH-BROOKS FEDERAL CREDIT UNION HARTE HANKS WITH A $4.2 BILLION DOLLAR HOSPITAL AND ONLY LEVEL-ONE GLOBALSCAPE, INC. PAPE-DAWSON ENGINEERS ZACHRY HOLDINGS ECONOMIC IMPACT FOR THE CITY TRAUMA CENTER IN THE COUNTRY NUSTAR ENERGY, LP RUSH ENTERPRISES, INC. ORACLE WELLMED XPEL TECHNOLOGIES CORP. NATIONWIDE NSA HAS ITS CSS TEXAS BROADWAY BANK CREDIT HUMAN KINETIC CONCEPTS BOEING BOOZ ALLEN HAMILTON CRYPTOLOGIC CENTER (TCC) LOCATED IN SAN ANTONIO Sources: San Antonio EDF Sources: San Antonio EDF Source: Controller Texas Gov. Source: CBRE Research, June 2020

CBRE | WHY SAN ANTONIO? 4 Q220 Q220 5 WHY SAN ANTONIO? | CBRE OUR PEOPLE OUR DIVERSITY COST OF LIVING INDEX AMONG THE NATION'S MAJOR METROS DEMOGRAPHICS 2.52M 14.3% 300 SAN ANTONIO-NEW BRAUNFELS OF SAN ANTONIANS ARE POPULATION FOREIGN BORN 250 56.1% HISPANIC 32.7% ANGLO 7.2% BLACK 2.6% ASIAN 2.4% OTHER 200 Source: CBRE Fast Report, Census Reporter

150

100 POPULATION TRENDS CITIES WITH THE LARGEST NUMERIC POPULATION GROWTH BETWEEN 2017-2018 50

25,288 0

20,824 U.S. DFW 19,552 AUSTIN EL PASO RALEIGH PHOENIX HOUSTON NASHVILLE

LOS ANGELES 15,354 SAN ANTONIO SAN FRANCISCO 13,151 12,504 12,153 Source: C2ER, May 2020. 11,549 11,053 10,884 10,770 10,759 9,888 9,016 8,884

SINGLE-FAMILY HOUSING MARKET MIAMI FRISCO AUSTIN SEATTLE DENVER PHOENIX MCKINNEY COLUMBUS CHARLOTTE HENDERSON FORT WORTH SAN ANTONIO JACKSONVILLE

Source: US Census, 2019

SINGLE-FAMILY $277,256 HOME VALUES AVERAGE HOME INCREASED BY 3.2 MONTHS $32,968 SINCE 2017 HOUSING INVENTORY

3,013 SINGLE-FAMILY HOME SALES IN 2019

Source: San Antonio Board of Realtors, March Area Home Sales Report 2020

CBRE | WHY SAN ANTONIO? 6 Q220 Q220 7 WHY SAN ANTONIO? | CBRE OUR QUALITY OF LIFE MULTIFAMILY MARKET MULTIFAMILY MARKET EXPANDS RAPIDLY OVER 20-YEAR PERIOD PARKS & RECREATION SPORTS SCENE FOOD & DRINK HISTORICAL MULTIFAMILY GROWTH UNITS $1200 160,000 137K UNITS TOTAL INVENTORY 140,000 $1000 120,000 $800 100,000 $1,000 AVG EFFECTIVE RENT $600 80,000

60,000 $400 40,000 OVER 300 SUNNY DAYS PROFESSIONAL TEAMS HOME TO THE CULINARY $1,015 $200 A YEAR ON AVERAGE INSTITUTE OF AMERICA 20,000 AVG ASKING RENT 1 OF ONLY 3 LOCATIONS $0 0 15,337 ACRES OF PARK LAND SAN ANTONIO FC IN THE NATION

OVER 150 MILES OF WALKING, ONE OF TWO CITIES IN THE ENTIRE 2001 Q1 2002 Q1 2003 Q1 2004 Q1 2005 Q1 2006 Q1 2007 Q1 2008 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1 2019 Q1 2020 Q1 2020 Q2 35 PROJECTS UNDER CONSTRUCTION HIKING, AND BIKING TRAILS SPURS ARE FIVE-TIME NBA NATION TO RECEIVE THE CREATIVE AVG ASKING RENT TOTAL UNITS Source: CBRE Research Q2 2020, Axiometrics CHAMPIONS CITY OF GASTRONOMY BY UNESCO MULTIFAMILY PERMITS GROWTH 15 MILES OF THE RIVER WALK DESIGNATION COLLEGE TEAMS UNITS 8,000 93.30% HILL COUNTRY DESTINATION UTSA ROADRUNNERS THREE SAN ANTONIO CHEFS OCCUPANCY RATE INCARNATE WORLD CARDINALS NAMED JAMES BEARD AWARD 7,000 ST MARY'S RATTLERS SEMIFINALISTS FOR BEST CHEF: TRINITY TIGERS TEXAS 6,000

5,000 Source: San Antonio Gov. Parks and Recreation, Source: Visit San Antonio Sources: Visit San Antonio, JamesBeard.org 4,000 Visit San Antonio 3,000

EDUCATION ART, CULTURE, & ATTRACTIONS CONVENTIONS & EVENTS 2,000

1,000

0 2000 Q2 2001 Q2 2002 Q2 2003 Q2 2004 Q2 2005 Q2 2006 Q2 2007 Q2 2008 Q2 2009 Q2 2010 Q2 2011 Q2 2012 Q2 2013 Q2 2014 Q2 2015 Q2 2016 Q2 2017 Q2 2018 Q2 2019 Q2 Source: CBRE Research Q2 2020, Axiometrics

160,128 STUDENTS 65+ MUSEUMS, GALLERIES, AND 741,798 SQ. FT. OF CONVENTION IN HIGHER-ED PROGRAMS HISTORICAL CENTERS IN SAN ANTONIO CENTER SPACE

9 UNIVERSITIES NEIGHBORING SEVERAL THEME 45,000+ HOTEL ROOMS TO PARKS INCLUDING , SEA ACCOMMODATE VISITORS, WITH OVER 5 COMMUNITY COLLEGES WORLD, & SCHLITTERBAHN 14,000 DOWNTOWN

OVER 30 HIGHER EDUCATION THE ALAMO AND SEVERAL MISSIONS HAD FACILITIES IN SAN ANTONIO ARE PRIMARY ATTRACTIONS AND THE AN ECONOMIC IMPACT OF CORNERSTONE OF SAN ANTONIO $340.1MILLION IN 2019 WITH OVER HISTORY 2.5 MILLION ATTENDEES AND $188 MILLION IN SALES BY NON-LOCAL VISITORS

Source: San Antonio EDF Q2 2019 Source: Get Creative San Antonio Source: CVent, 2020, Fiesta San Antonio.org, 2020

CBRE | WHY SAN ANTONIO? 8 Q220 Q220 9 WHY SAN ANTONIO? | CBRE OFFICE MARKET RETAIL MARKET FLIGHT TO QUALITY THE RETAIL SECTOR PIPELINE REMAINS ACTIVE CLASS A NEW DEVELOPMENTS ARE POSITIONED IN CBD, MIDTOWN AND ALONG BROADWAY CORRIDOR. 30 DEVELOPMENTS WERE UNDERWAY IN Q2 2020 AMOUNTING TO NEARLY 1.0 MILLION SQ. 90.9 MSF 31.3 MSF FT. WITH THE LION’S SHARE OF CONSTRUCTION IN THE NORTHWEST SUBMARKET. OFFICE RENT GROWTH & VACANCY TOTAL INVENTORY TOTAL INVENTORY $28.00 30.0%

$26.00 OCCUPANCY 25.0% 100 $26.00 PSF $24.00 $22.36 FSG 3,500,000 AVG ANNUAL ASKING RATE AVG GROSS ASKING RATE $22.00 20.0% ALL CLASSES 90 3,000,000 $20.00 15.0% 96 $18.00 $28.40 FSG 2,500,000 $28.50 PSF CLASS A RENT AVG CBD GROSS ASKING RATE 10.0% $16.00 94 2,000,000 $14.00 5.0% 92 $12.00 $30.00-$38.00 NNN 1,500,000 310,259 SF NEW CONSTRUCTION CLASS A RENT DELIVERED TO DATE 2020 0.0% $10.00 90 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 1,000,000 AVERAGE ASKING RATE (FSG) VACANCY Source: CBRE Research, Q2 2020 88 500,000 94.30% OFFICE DEVELOPMENT 1,448 MSF UNDER CONSTRUCTION OCCUPANCY RATE 86 1,600,000 0

1,400,000 -500,000 1,200,000 -96,947 SF NET ABSORPTION 2020 TO DATE 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q2 1,000,000 OCCUPANCY % ANNUAL NET ABSORPTION

800,000 Source: CBRE Research, Q2 2020

600,000 14.80% Q2 2020 VACANCY 400,000

200,000

- 1.978 MSF 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q2 DEMAND AS OF Q2 2020 COMPLETIONS UNDER CONSTRUCTION Source: CBRE Research, Q2 2020

CBRE | WHY SAN ANTONIO? 10 Q220 CBRE | WHY SAN ANTONIO? 11 Q220 LAND MARKET N INDUSTRIAL MARKET SAN ANTONIO LAND MARKET REMAINS ACTIVE INDUSTRIAL DEVELOPMENT ACTIVITY REMAINS STRONG THE NORTHEAST SUBMARKET HELD THE BULK OF ACTIVITY WITH NEARLY TWO THIRDS OF ALL SPACE UNDER CONSTRUCTION TAKING PLACE WITHIN ITS BOUNDARIES. NET ABSORPTION REMAINS POSITIVE AS SAN ANTONIO’S INDUSTRIAL MARKET TIGHTENS. OVER 956,000 SQ. FT. OF SPACE WAS ABSORBED IN 2019. INDUSTRIAL DEVELOPMENT 48.45 MSF 3,000,000 TOTAL INVENTORY

2,500,000

2,000,000 $5.93 PSF AVG ANNUAL ASKING RATE NNN

1,500,000

1,000,000 12.60% VACANCY 500,000

- 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q2 2.78 MSF UNDER CONSTRUCTION COMPLETIONS UNDER CONSTRUCTION Source: CBRE Research, Q2 2020 352K SF NET ABSORPTION IN 2020 TO DATE

SAN ANTONIO LAND MARKET CLOSED DEALS 2019

CBRE | WHY SAN ANTONIO? 12 Q220 Q220 13 WHY SAN ANTONIO | CBRE SAN ANTONIO: A DIVERSE AND EXPANDING ECONOMY CBRE RESEARCH | TEXAS THOUGHT LEADERSHIP

San Antonio, conveniently located in South along I-35 and I-10, is one of the fastest-growing regions in the United States. The San Antonio Metropolitan Statistical Area (MSA) occupies approximately 7,387 square miles and spans eight counties including Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina and Wilson County. This area is home to over 2.4 million residents, which ranks the MSA as the 25th largest metropolitan area in the United States, and third in the state of Texas.

With a thriving economy and a culturally diverse workforce, the Alamo City is the perfect place for growth and opportunity. San Antonio’s cost of living continuously ranks amongst the lowest of U.S. cities, which makes not only for an affordable lifestyle, but an attractive place to conduct business. Keeping the cost of living low and quality of life high is a unique balance offered in San Antonio, and the reason why the Alamo City continues to grow and thrive.

The strength of the city’s economic structure is its diverse business culture, making San Antonio’s economic performance in recent years among the strongest of the large cities in Texas. While the economy is expected to contract for the remainder of 2020 due to implications of the COVID-19 pandemic, Oxford Economics anticipates a recovery in 2021. The local economy is projected to bounce back with a growth of 2.1% per year to 2024. This is higher than the national rate, which is projected to grow by 1.6% per year to 2024. San Antonio is expected to outperform most major metros in the nation in regard to its GDP and employment growth over the next five years, according to Oxford Economics. For decades, San Antonio was primarily driven by the military and hospitality industries. With growth in energy, healthcare, education, manufacturing, logistics, business and tech-related services, San Antonio has a more diverse industry base, which was key to its recovery from the Great Recession and continued expansion.

Significant private and public in city areas like the Quarry, Rim, Stone Oak, Southtown and The Pearl offer a variety of living options for all tastes and preferences ranging from urban to suburban living. Furthermore, a significant amount of capital has been allocated to the revitalization of San Antonio and its Downtown. Projects on the horizon include the San Pedro Creek Culture Project, UTSA’s $200 million CITY RANKINGS National Security Collaboration Center and School of Data Science Downtown, and the rapid expansion of the Broadway corridor, where several mixed-use developments are underway. As part of the downtown initiative, the City has also started and will continue enhancing the #6 IN THE NATION IN PAY FOR STEM PROFESSIONALS #20 BEST BIG CITIES TO LIVE IN commercial retail River Walk experience and San Antonio quality of life through investments in downtown living, museums, live performing arts centers, green park space, hotels, restaurants, and even retail pop-up shops. Visit San Antonio, 2020 Wallethub 2019 TOP TEN FOR TECH JOBS IN THE U.S. TOP 20 MOST AFFORDABLE PLACES TO RETIRE An influx of residents has caused a surge in product within the housing market. Over the last 10 years, nearly 34,000 units were added to the multifamily market. Furthermore, single-family home values increased by $32,968 since 2017. Commercial development has boomed across Visit San Antonio, 2020 55Places, 2019 the Alamo City and is concentrated not only Downtown, but southwest of the CBD at Port San Antonio, and Northwest stretching to the La #1 CYBER-SECURITY PROGRAM IN THE U.S. AT “BEST OF THE WORLD” DESTINATION FOR 2018. Cantera/RIM area. What once used to be a Class B market is quickly transforming to a Class A market due to a rise in premium space that has UNIVERSITY OF TEXAS AT SAN ANTONIO National Geographic Traveler’s Board, 2018 recently delivered or is currently underway. Key developments, including the Pearl Brewery and Frost Tower, have sparked a revitalization that is attracting young professionals and national tenants to Downtown and the booming Midtown corridor. Over 620,000 sq. ft. of Class A office Visit San Antonio, 2020 “BEST PLACE TO GO IN 2018.” product is currently underway, stretching from the CBD to Midtown. Over 54.4% of this office product is pre-leased. #7 MOST POPULOUS CITY Frommer, 2018 US Census Bureau, 2019 San Antonio’s robust economy coupled with its historic and diverse culture, strong military ties, and festive spirit are just part of what attracts THE “6TH BEST CITY IN THE COUNTRY IN 2018.” more than 37 million visitors and 30,000 net migrating residents per year. From the modern Henry B. Gonzales Convention Center to the #7 MOST AFFORDABLE US CITIES TO LIVE IN Conde Nast, 2018 historic Alamo and recently expanded Riverwalk, it is of little surprise that San Antonio is a top destination for new residents, tourists, and Money Crashers, 2019 business travelers alike. “SAN ANTONIO CONTINUES TO BE THE BEST #23 MOST FUN CITY IN THE US FINANCIALLY MANAGED BIG CITY IN AMERICA” WalletHub, 2019 San Antonio Gov., 2018 #5 BEST CITIES FOR MILITARY RETIREES #14 BEST PLACES TO LIVE Bestplaces.net, 2019 U.S. News & World Report, 2018 ONE OF “50 BEST PLACES TO TRAVEL IN 2018.” #9 CITIES IN THE US WITH THE BIGGEST INFLUX OF PEOPLE, THE MOST WORK OPPORTUNITIES, AND THE Travel & Leisure, 2019 HOTTEST BUSINESS GROWTH #2 FASTEST-GROWING CITY IN THE NATION Business Insider, 2018 US Census Bureau, 2019 TOP 10 GLOBAL CYBER-SECURITY HUBS FOR 2019 CSO, 2019 #16 BEST CITIES TO START A BUSINESS WalletHub, 2019

CBRE | WHY SAN ANTONIO? 14 Q220 Q220 15 WHY SAN ANTONIO? | CBRE TIMELINE SAN ANTONIO,TX

FROST TOWER USAA MILAM

1914 1917 1918 1922 1928 2009 2013 2019

River Park is completed U.S. Army Kelly Air Force U.S. Army Brooks Air Force USAA is established Milam building downtown Whataburger moves its The Frost Tower delivers, being Base is established Base is established becomes the first high-rise headquarters from Corpus Improvements Project is the first Class-A office building in the U.S. to have Christi to San Antonio completed building built downtown air conditioning since the 1980s

BROADWAY SOUTHWEST NATIONAL RESEARCH ALAMO BANK INSTITUTE STADIUM

1931 1940 1941 1947 1968

U.S. Army Randolph Air Alamo Stadium is built U.S. Military Lackland Air Southwest Research is Force Base is established Force Base is established Institute is headquartered constructed HEB opens its first air in San Antonio conditioned stores with Broadway National Bank is HemisFair Arena Opens three of them in San established Antonio The City of San Antonio The San Antonio Riverwalk designates the King is completed William Area a local historic district. This was the first historic district designated by the city

1973 1987 1988 1991 1999

The San Antonio Spurs Pope John Paul II SeaWorld begins business Boeing Aerospace Support debut at the HemisFair celebrates Mass in San opens Center moves to San Arena Antonio with over 350,000 Antonio attendees

2001 2003 2005 2006 2007

Silver Ventures aquires old Motor As a result of the 2005 Aveda Institute opens as Port Authority of San 18-acre Pearl Brewery site Manufacturing selects BRAC mandate, San the first tenant at the newly Antonio is established San Antonio to place their Antonio received almost renovated Pearl District Tundra and Tacoma Plant 5,000 new personnel, 5,500 family members, 9,000 additional students, and $2.1 billion in construction of military facilities

CBRE | WHY SAN ANTONIO? 16 Q220 Q220 17 WHY SAN ANTONIO? | CBRE UV2252

N §¦¨35 WHYCBRE SCHERTZ KEY DIFFERENTIATORS §¦¨10 MCALLISTER PARK LIVE OAK

§¦¨35 SAN ANTONIO INTERNATIONAL INTEGRATED SUITE OF SPECIALIZED SERVICES AIRPORT POWER OF A GLOBAL PLATFORM CONVERSE TOP TALENT

LEON VALLEY CLIENT-CARE EXCELLENCE

471 UV CUTTING-EDGE TECHNOLOGY §¨10 ¦ JB SAN ANTONIO MARKET-LEADING INTELLIGENCE FORT £¤281 INNOVATIVE PRACTICES §¦¨10 UV1957 WE ARE YOUR SINGLE POINT OF CONTACT

UV1346 §¦¨37 §¦¨35

90 £¤ JB SAN ANTONIO LACKLAND §¦¨410 §¦¨410 JB SAN ANTONIO LACKLAND

BROOKS CITY-BASE §¦¨35 §¦¨410 £¤181 UV2790 UV16

37 §¦¨ £¤181

CBRE | WHY SAN ANTONIO? 18 Q220 Q220 19 WHY SAN ANTONIO? | CBRE

UV1303 £¤281

476 UV UV16 CBRE | WHY SAN ANTONIO? 20 Q220 Q220 21 WHY SAN ANTONIO? | CBRE SAN ANTONIO WHYNOT?

GARDNER PEAVY MALCOLM COLEMAN BLAKE SHEPPARD PAIGE SUVALSKY Managing Director Managing Director Senior Director Senior Research Analyst 200 Concord Plaza +1 210 253 6031 Valuation & Advisory Property Management +1 210 253 6019 Suite 800 [email protected] +1 210 225 1000 +1 210 225 1000 paige.suvalsky.cbre.com San Antonio, TX 78216 [email protected] [email protected]

©2020 Disclaimer: Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm independently its accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of CBRE.