Real estate services company Cushman & Wakefield just released a report naming Dallas-Fort Worth as the top US metropolitan area for job growth. With a continuing population boom and an economic expansion adding even more new jobs at a “breakneck pace,” job growth in DFW shows no sign of slowing down.
In its report, Cushman & Wakefield identified six “all-star” metropolitan areas for job growth, with Dallas beating New York City and San Francisco (tied for second place); Riverside-San Bernardino, California (fourth place); Austin (fifth place); and Orlando, Florida (sixth place) for the top spot. Over the past ten years, the DFW metroplex has added 754,200 jobs, for a growth rate of 25.7%. This April, the region’s unemployment rate dropped to a historic 20-year low of just 3%, according to the Federal Reserve Bank of Dallas.
The Dallas-Fort Worth job boom is due in part to a wide swath of companies relocating their headquarters to the area. Jessica Heer, senior vice president of talent attraction and leadership at the Dallas Regional Chamber and leader of its Say Yes to Dallas campaign, believes that the wealth of employment opportunities spurred by new headquarters in the area, along with affordable real estate, has been a potent combination for attracting young professionals.
“Since 2010, the Dallas region has added more than 130 new headquarters. We are home to a range of companies, from Fortune 100 and Fortune 500 businesses to nonprofit organizations, which offers individuals diverse career opportunities. The primary selling point for attracting young talent and new business to the Dallas region is its affordability and availability of jobs. This offers the exciting opportunities — personally and professionally — of a major U.S. metro at a price point young professionals can afford.”
Dallas CultureMap highlighted just a few of the companies relocating or opening new headquarters in DFW in its recent article on the Cushman & Wakefield report.
- Ride-hailing company Uber is considering Dallas for a corporate expansion that would create several thousand jobs.
- San Francisco-based financial services provider Charles Schwab is developing a corporate campus in Westlake that eventually will house about 6,000 employees.
- Healthcare industry giant McKesson recently shifted its headquarters from San Francisco to Las Colinas.
- Core-Mark, a distributor of fresh and frozen foods for convenience stores, is moving its headquarters from San Francisco to Westlake.
- Aeromax Industries, which makes parts for military aircraft, is relocating its headquarters from Los Angeles to Fort Worth.
Conveniently located just minutes from these headquarters and the bustling job centers of Dallas-Fort Worth, the City of Southlake is uniquely poised to take advantage of this economic boom. Excellent schools, top rated healthcare, and an easy commute to work make Southlake an attractive option for business professionals looking to relocate to DFW.
Have you considered relocating to Southlake? This vibrant metropolis is full of thriving businesses and an expanding infrastructure, with the enduring charm of a tight-knit community full of hardworking, neighborly folks. Located in the heart of Southlake Town Square, The Parkview Residences are Southlake’s first – and only – condominium offering. Contact us to learn more about ownership opportunities and why we love being a part of this great community.