The nation's fourth-largest metropolitan area, Dallas-Fort Worth Metroplex (DFW) is a fashionable, trendy, distinctive entrepreneurial culture with more than 7.4 million area residents. By 2030, the total population is anticipated to reach almost 9.1 million.
Dallas is the third largest city in Texas and the ninth largest in the United States making it the main economic powerhouse of the 13-county, Dallas-Fort Worth Metropolitan Area. The DFW Metroplex is a headquarters for twenty-three Fortune 500 Companies and sixty-nine companies with headquarters here posted revenue of $1 billion or more a year. Dallas is also home to the Federal Reserve Bank of Dallas, which serves Texas, Louisiana, and southern New Mexico in the Eleventh Federal District. Naturally, this positions Dallas as the central banking hub of the Southwest, giving the city a position of international importance.
First, the area has the 2nd largest concentration of corporate headquarters in the United States. Major corporate headquarters include the following:
Notable defense contractors located in the DFW Metroplex include the following:
Insulated Commercial Market
DFW has a well-developed economic composition and has become a major economic investment target for both domestic and international investors. It has a sustainable, well-developed foundational economic backbone with three principal characteristics, all providing a solid footing the Dallas-Fort Worth commercial real estate market.
The relative low cost of housing and a well-educated and price competitive labor force offer DFW as a very compelling business solution for today’s corporations. Charles Schwab recently decided to relocate to DFW from San Francisco after merging with TD Ameritrade and USAA and will building an impressive new headquarters.
Secondly, DFW has the most diverse economic base in the country. Banking, insurance, electronics, aerospace, oil and gas, and real estate all form the diverse economic backbone which allows the DFW to successfully compete on an international basis and buck the national trends of the economic downturn.
This especially holds true in Ft. Worth where the market boasts strong fundamentals. This stability is driven by precise and calculated development, allowing for timely deliveries. Absorption remains high throughout both central business districts with healthy companies securing expansions. This organic growth is again, stimulated by the diverse make-up of businesses benefiting from relative low costs of rent and solid demographic foundations.
Dallas has an excellent education system including Southern Methodist University, The University of Texas (Dallas), Fort Worth’s TCU (Texas Christian University), and in nearby Denton, North Texas University and Texas Women’s University.
Dallas is also home to renowned medical facilities such as Parkland, Baylor, and Presbyterian medical centers. Distinguished medical schools such as Southwestern Medical School and Baylor Dental School consistently receive high rankings in primary care and research.
Third, Dallas-Fort Worth’s geographical location gives it special significance. Centrally located in the south and the heart of America, between the east and west coasts, DFW offers the sophistication of any major metro area and serves as a major national distribution channel for the United States, Canada, and Mexico through its excellent interstate highway system and extensive rail systems.
DFW Intercontinental Airport is the second largest in the United States and the seventh largest in the world. The airport recently underwent a $2.8 billion renovation to include the newest innovative technology in personal automated transportation.
Dallas is currently the third most popular destination for business travel in the United States. The Dallas Convention Center is one of the largest and busiest convention centers in the country. As the Southwest’s leading business and financial center, the city boasts the largest wholesale market in the world and lays claim to be one of the top convention cities in the United States.