COMMERCIAL BLOG

WHAT DOES THE GROWING DFW LABOR MARKET MEAN FOR INVESTORS?

The Dallas-Fort Worth labor market is booming, along with the massive population growth seen by the region.

Between 2019 and 2021, Dallas-Fort Worth added 59,000 workers in professional and business services, a gain of 8.9 percent, according to data from the U.S. Bureau of Labor Statistics. In contrast, New York, Los Angeles, and Chicago had net declines in those workers over the same period (Dallas Morning News). Dallas-Fort Worth is leading every United States metro area in labor market performance, despite slowing national job gains, according to Dallas-based ThinkWhy’s new data analysis of best-performing cities through September. According to Dallas Innovates, the city also had the sixth highest tech talent pool in the United States. 

Furthermore, over 110 California companies relocated to Texas between January 1, 2018, to June 30, 2021, making it so the state is claiming California company headquarters at more than four times the rate of its nearest competitor, according to a study by Spectrum Location Solutions and Stanford University’s Hoover Institution. 

This strong local economy is a leading factor in the growth of the Dallas-Fort Worth real estate market. 

Are you considering purchasing an investment property anytime soon? Then it is time to invest in the Dallas-Fort Worth market. The question being faced is not the intention or motivation behind buying real estate, but where to buy. The Dallas-Fort Worth area is where you should be putting your money right now. Around six hundred people move into Dallas every single day which shows the opportunity that the city provides. The Dallas-Fort Worth real estate market offers a consistent rental income flow for investment property owners due to its growth, economy, and wages. These factors are why Dallas-Fort Worth real estate is recovering so well from the pandemic and will continue its positive future. Dallas was recently ranked first in the overall commercial real estate demand nationwide, including industrial, retail and office real estate properties for businesses relocating to the Dallas-Fort Worth metroplex. Those ready to make long-term investments, now is the time to invest in Dallas-Fort Worth, the next jewel in the United States real estate market.