San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1924-03-02
RENTS HERE 50
PERCENT MORE
THAN IN 1878
Show Small Decrease, How
ever, During Last Two
or Three Months.
SITUATION is GOOD
Both Renter and Landlord
to Profit by Spring Build
ing Operations.
SITUATION IS GOOD

Rents In San Antonio are now aver
aging approximately 60 per cen
higher than before the wor3 war, &C
cording to several local rent men
Rents have shown small decrease
during the last several months, how
ever the reports show But despite
this fact, the local rent situation j:
as good today as it has ever been il
the history OF San Antonio from the
standpoint of the renter as well as
that of the landlord. Recent sta
tistics show that rents for low anc
medium-priced houses ard apartments
throughout the United STATES average
about so per cent higher than before
the war.
From the beginning Of the war until
during the last two or three months
81 1923, rents in San Antonio showed
a steady increase, according to the re
pcrts OF local real estate and rent
ksen. Until two or three months ago
reports show, they had increased tc
about so per cent higher than they
were before the beginning of the war
A decrease has been apparent during
the last two months ano reports say
that rents today are only about &C
per cent higher than before the wal
or in 1918.
Building To Increase.
The cause Of the dow inward trend
of rents. locally, is attributed partly
TO the fact that local building oper-
ations have been on a marked increase
and that 1923 was one of the largest
building years in the history Of San
Antonio. Rent houses a Id apartments
throughout the city have been and are
under construction. This work rep
resents the expenditure Oh thousands
of dollars as well as employment for
thousands of men.
An unusually great influx. OF tour
lists in San Antonio during the winter
months has also helped the rent situa-
ton. Reports show that great mum
Der of these visitors, however, have
been buyers as well as renters.
1t is predicted by most n embers of
the building industry in San Antonio
thar this city probably VIII see its
greatest spring home building cam
paigD during the coming srring. II
this proves true, said one rent man
last week, rents probably will expert
ence a decrease. Of course it is ex-
pected that the majority o. new con
struction will be made up If the mod
erate-priced homes. But many houses
will be built for rent Eurpuses while
a number of apartment houses in var
ious parts OF the city are Planned and
are under construction. 4 decrease
in speculative building IN some parts
=, the city is anticipated by a great
mary real estate men. This, they say,
will help the rent situation to a GER
tain extent. The market 's expected
to be less crowded. But many houses
will be built for rent purposes while
a number of apartment houses in vari-
Gus parts of the city are p AIMED and
under construction.
Increase Is Nationwide.
A reject nationwide survey OF the
rent condition showed that rents had
increased so per cent sine, the begin
ming Of the world war. II was also
shown that during the last year rents
advanced an average of eight per cent.
Between July and November, 1928
however, they dropped three per cent.
According to the survey southern
cities showed two-fifths Of the de-
creases during the last four months.
That rents increased slightly in San
Antonio during that time was shown
by the survey, which conf lets to a
certain extent with the direct local re-
port. 1t is believed, aoNever. that
rents here have shown their greatest
decrease during the last two months
and principally during January and
February.