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Leisure and Hospitality, Financial Services Lead Dallas/Fort Worth Job Growth

The Metroplex continues to lead the country in job creation, and is on track to add more than 100,000 jobs in 2016. Population growth also eclipsed the national average, with a 10.5 percent increase in residents between 2010 and 2015. Combined, these factors ensure that demand for rental properties will remain robust through the rest of the year. At 40 percent, the number of renter households exceeds the national rate and is expected to continue climbing in the coming months. A minor increase in vacancy is expected this quarter, due to an increase in available apartment stock. Dallas/Fort Worth remains relatively insulated from the turmoil in the energy markets, with the financial activities and leisure and hospitality sectors experiencing the largest year-over-year growth, at 5.1 and 5.9 percent, respectively. Corporate expansions to the Metroplex persist[…]

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