Stream Realty is changing the landscape of commercial real estate. Learn more about how they keep people at the core of everything they do and their plans for ensuring the future of SATX flourishes across targeted industries.
We sat down with Stream Realty’s Executive Managing Director and Partner – San Antonio, Carolyn Hinchey Shaw to find out more about the company and their impact in the Greater San Antonio region.
Tell us a little bit about Stream Realty and their presence in the South-Central Texas region.
Stream Realty Partners is a commercial real estate firm with full-service offerings in leasing, property management, development, construction management, and investment sales services across the industry. In addition, Stream is dedicated to sourcing acquisition and development opportunities for the firm and its clients. Since 1996, Stream has grown to a staff of more than 1,300 real estate professionals with regional offices in Atlanta, Austin, Carolinas, Chicago, Dallas, Denver, Fort Worth, Greater Los Angeles, Houston, Miami, Nashville, Northern Virginia, Phoenix, San Antonio, and Washington D.C. Stream Completes more than $5.8 billion in real estate transactions annually and is an active investor and developer across the nation.
Stream has been in San Antonio for 23 years; we are both native San Antonians and transplants. We love our city and want to see it thrive and prosper.
Carolyn Hinchey Shaw, Stream Realty Executive Managing Director and Partner – San Antonio
Locally, Stream San Antonio was founded in 2000 and currently employs more than 50 professionals with an active portfolio of more than 3MM SF in Office, 1.4MM SF in Healthcare, 11.6MM sf in Industrial. In 2022, Stream was named the best Mid-Sized Company to Work for by the San Antonio Business Journal.
What makes Stream Realty stand out in the real estate business?
One of Stream’s core tenants is our people. Our local team does our own research and collaboration to make sure that we provide our clients with the most current and actionable data to help them understand the market and make the best investment decisions. We recognize that the real estate landscape is always changing quickly, meaning information is key.
What commercial real estate trends are you watching right now?
Our core competencies are Office, Industrial, Healthcare, and Land. Each pillar has its own unique trends we are watching.
Cost of Capital and the rising interest rates, Inflation, and the labor market.
Texas and specifically San Antonio continue to see population growth, and this, of course, trickles down to affect our commercial real estate market.
The return-to-work trend (work from home, hybrid, 100% in-office), tenant-requested amenities (outdoor space, lounge areas, food service, etc…), submarket absorption, and office class absorption.
Tenant demand continues to be strong, but will it drop off with the increasing cost of capital, or will it continue? Will there be a supply constraint, thus pushing rental rates and forcing us to lose out on new deals? Due to the slowdown in the capital markets and debt cost, we saw the development pipeline shrink if tenant demand continues and the increased rental rate continues will the development pipeline grow.
Population growth and hospital growth are key factors in understanding the demand areas. Additionally, monitoring the political climate and how new laws will and can affect healthcare services and the providers.
How would you like to see the San Antonio region continue to grow?
We would love to see San Antonio flourish in multiple avenues across various product sectors, ideally leveraging the platforms already with significant investments like the military, cyber security, advanced manufacturing, insurance and finance, healthcare, and bioscience. Education is a key component to all of this, and it would be wonderful to see San Antonio thrive in all levels and trades of academia to support these areas of growth. Ideally, we will create opportunities that help our current population, meeting, and improving upon our existing skillsets. Additionally, it is important to lay the foundation and build a city that can attract new and innovative talent that helps us evolve for the future.
Why did you invest in greater:SATX?
Stream has been in San Antonio for 23 years; we are both native San Antonians and transplants. We love our city and want to see it thrive and prosper. If we make this city stronger and better, it will create more opportunities for our future and lay the groundwork for the coming generations to carry on prosperously.
