PHOTO BY: JUSTIN TERVEEN
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DOING BUSINESS

Explore all the upcoming projects happening in Downtown Dallas and discover the economic vitality of our city’s center.

Overview

A resurgence in corporate leases and relocations and explosive residential growth combined with major commercial development projects have proven to CEOs, developers, and small business owners that there’s value in having an address Downtown.

In fact, Dallas has become one of the best places to do business. This year, Forbes named Dallas the fifth best big city for jobs, the fourth best city for young professionals, and the third fastest growing American city. Additionally, Dallas has the 9th largest tech job concentration in the country and was named 11th most high-tech city in the world by Business Insider.

With high scores in living environment, quality of workforce, and tax and regulatory environment, as well as proximity to important assets like DFW Airport, Love Field, and the Inland Port, Downtown Dallas is considered an epicenter of domestic and international investment activity.

Did You Know?

Downtown Dallas currently has:

  • 135,000 employees in Downtown
  • Over 11,000 residents in Downtown
  • Over 70,000 residents in the City Center (about a 2.5 mile radius from Downtown)
  • Over 420 restaurants and bars
  • Over 200 places to shop

DEVELOPMENTS

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Market Information

  • Forbes named Dallas the fifth best big city for jobs, the fourth best city for young professionals, and the third fastest growing American city.
  • Dallas has the 9th largest tech job concentration in the country
  • Dallas was named 11th most high-tech city in the world by Business Insider.
  • Dallas is a major metropolitan city (ninth largest city and part of the fourth-largest metropolitan area in the nation) that makes it easy to conduct business and live. The newly revitalized Downtown Dallas area is the epicenter of the city.
  • For companies that operate nationally, yet are anchored on the east or west coast and/or in high cost locations, Dallas is ideal given its central location, with most major U.S. cities four hours or less away by air.
  • Massive renovations have taken place at Love Field Airport, just 10 minutes from Downtown. Southwest Airlines has added many direct flights as a result of the Wright Amendment being lifted.
  • DART's Orange line from DFW Airport Station to Downtown makes it one of only about a dozen airports in the U.S. with direct passenger rail connection.
  • Dallas is the #3 most popular destinations for business travel in the United States.
  • Dallas is in the top 5 media markets in the U.S.
  • North Texas' $300 billion annual economy is larger than that of many European nations.

Commercial Office

The Downtown CBD submarket is comprised of over 30 million square feet of multi-tenant office space, and contains over 20 million square feet of Class A office space, more than almost any other submarket in our region. Downtown Dallas saw over 500,000 square feet of renewals and expansions and almost 200 new leases signed in 2017.

For a list of recent corporate relocations, please contact us at info@downtowndallas.com or 214-744-1270 (available to DDI members only).

Retail

20 new restaurants opened Downtown in 2017 with over 50 openings within a 2.5-mile radius. New retail space is included in almost every office building remodel in Downtown. There are over 200 places to shop and over 400 bars and restaurants in the City Center.

Residential

More than 70,000 residents live in the City Center, with over 11,000 of whom live in Downtown. Occupancy remains strong. In the core, stabilized rental properties quote occupancy rates of more than 93 percent.

For an inventory of housing units, please contact us at info@downtowndallas.com or 214-744-1270 (available to DDI members only).

 

Resources

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