Work
As the heart of one of the nation’s fastest growing regions, Downtown Dallas indexes well below other major business centers both in taxes and corporate expenses. With a variety of state and local incentive programs for expanding and relocating businesses, it’s no wonder Dallas has been called the “Comeback City” and “Wall Street of the South.” The Dallas region leads the nation in job creation and has been dubbed the “economy on fire.” Built on a legacy of entrepreneurial spirit, with a robust infrastructure and the largest, most highly educated and skilled workforce in the region, Downtown Dallas combines the affordability, accessibility, and diversity that businesses need to thrive, now and tomorrow.
Workforce
- 4th best Labor Market in the US with over 3.7 million workers (WSJ)
- 5th largest Tech workforce in the country and largest in Texas (City of Dallas)
- 78% of all workers living in Dallas County also work here (DRC Economic Development Guide)
- 72% of students stay and work in the region after graduation (DRC Economic Development Guide)
- Total Civilian Labor Force within a 30 min drive of Downtown: 1.7M (ACS)
DEVELOPMENT CAPACITY
Acres of undeveloped land
of available class A office space
Total RSF
Downtown Dallas Market Rate In Comparison to Submarkets
Average Downtown gross asking rent is an average of 18% lower than competing submarkets.
Uptown/Turtle Creek*figures represent average gross asking rent per submarket
Business Ecosystem
Downtown is made of a highly diverse business environment with a variety of industry sectors.
HQ list available upon request - ecodev@downtowndallas.com
Building Renovations
Downtown has seen an investment of tens of millions of dollars in over six million sq. ft. of adaptive reuse real estate inventory from turn of the century structures to late 20th century office towers, cultivating a premiere, first-class, work environment for multiple industries. In addition to these classic edifices, new developments in the pipeline will expand this robust offering of diverse real estate options.
Data Infrastructure
Best State for Business for 18 consecutive years (Chief Executive Magazine)
#1 in the country for 3-year job growth (BLS, Dec 2022)
#1 in country for job recovery beyond pre-pandemic high (BLS, Dec 2022)
Connecting
Airport Information
Distance in minutes from Downtown- DFW: 25 minutes
- Love Field: 11 minutes
- DFW: Service to 187 domestic and 62 international destinations
- No information listed for Love Field
- DFW: 69M+
- Love Field: 16M+
Public Transit and Last Mile
Downtown Dallas has a robust transportation network, one in which personal vehicles, light rail and commuter trains, streetcars, bicycles, scooters, and pedestrians coexist for multiple travel options at any comfort level. With over 93 miles of track and state-of-the-art touchless ticketing, DART not only has the longest light rail network in the country but also one of the cleanest, all lines of which converge in and serve the core of Downtown. Rideshare services, shared scooters, and micro-transit have made travel within the city center easy and affordable, offering a variety of transportation options to suit multiple needs and lifestyles.
Costs and Incentives
In just 25 years over half a billion dollars in direct public incentives have been provided in Downtown Dallas generating more than $5.7B in private investment.