Market Research > Dallas Market Research

Business-Friendly Environment Attracting 
Employers and Millennials to the Metroplex

The Metroplex’s job engine is firing on all cylinders, generating renter demand throughout the market. Since the recessionary trough at the end of 2009, employers in Dallas/Fort Worth have created almost 600,000 positions. Nearly every employment sector is in positive territory over that span, lead by a combined 260,000 jobs in the professional and business services, and trade, transportation and utilities sectors. Unlike neighboring Houston and San Antonio, the Metroplex’s exposure to the energy sector is comparatively small, which has limited the impact of low oil prices on the market. Millennials, meanwhile, are flocking to the area to take advantage of the relatively low cost of living. The Metroplex has one of the lowest average ages among major U.S. metros, which is drawing companies to the area. HelloFresh, for example, is adding 400 jobs after opening a distribution hub in Grand Prairie. On the other side of the market in Fort Worth, Galderma Laboratories will create nearly 350 positions at a research and development center. On the supply side, robust apartment development is beginning to put upward pressure on vacancy. High-construction submarkets will bear most of the impact […]


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