The Wave of Business Relocations: Dallas Leads the Way
Texas has become the destination of choice for businesses looking to relocate or expand. From tech giants like Tesla and Oracle to financial powerhouses such as TIAA Financial Services, companies are finding Texas’s business environment irresistible. In 2023, Texas continued to attract a diverse array of companies from across the U.S. and abroad, including significant moves by Frontier Communications and Fisher Investments to the Dallas-Fort Worth area.
One of the most notable recent moves is TIAA Financial Services’ decision to relocate its offices from Denver to Frisco, Texas, by 2026, bringing up to 1,000 jobs to the region. This relocation is part of a broader trend that has seen the Dallas-Fort Worth metroplex become a hotspot for corporate America.
The Dallas-Fort Worth (DFW) Metroplex is not just attracting businesses—it’s also leading the way in population growth. According to the U.S. Census, DFW experienced the largest population increase of any U.S. metropolitan area in 2023, adding over 152,000 new residents, bringing its total population to more than 8.1 million. This surge in population underscores the region’s growing appeal, not just for companies but also for individuals seeking new opportunities. As DFW continues to expand, it’s becoming clear that this area is a critical driver of Texas’s overall growth.
A Growing Housing Challenge
However, the influx of businesses and residents has created a new challenge: a growing housing shortage. With demand outpacing supply, there is increasing pressure on the housing market, particularly in major cities like Austin and Dallas. More than 50% of Texas residents are renters, and the gap between supply and demand is driving up rents in many areas. This trend could lead to significant rent premiums in existing housing projects, making affordable housing an urgent issue for the state.
Texas as a Tech Hub: The New Silicon Valley?
Texas is not just attracting established businesses; it’s also becoming a hub for tech innovation. Companies like Inbenta and Hanyang have relocated to Texas to tap into this growing tech ecosystem, further strengthening the state’s position as a key player in the technology sector.
Final Thoughts
As more companies and individuals move to Texas, it’s clear that the state is not just a rising star but a new center of economic and cultural influence in the U.S. While New York City has long been the epitome of American business and culture, Texas is rapidly redefining what it means to be a hub of innovation, opportunity, and growth.
Whether Dallas will fully replace NYC as the nation’s premier city remains to be seen, but one thing is certain: Dallas is a force to be reckoned with, and its impact on the future of business in America is undeniable.
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About Ellie Perlman
At Blue Lake Capital, Ellie and her team work exclusively with family offices and accredited investors, offering carefully curated investment opportunities that emphasize long-term wealth creation, stability, and risk-adjusted returns. A defining aspect of Blue Lake’s investment strategy is its integration of advanced AI-driven analytics and data science into the entire lifecycle of acquisitions and asset management. By leveraging cutting-edge technology, the firm executes data-driven forecasting on market trends, asset performance, and tenant behavior, ensuring strategic decision-making and optimized returns.
In addition to leading Blue Lake Capital, Ellie is the original founder and host of "REady2Scale - Real Estate Investing" podcast, which provides insights into multifamily real estate, alternative investments, and finance.
Ellie began her career as a commercial real estate attorney, structuring and negotiating complex transactions for one of Israel’s leading development firms. She later transitioned into property management, overseeing over $100M in assets for Israel’s largest energy company.
Ellie holds a Master’s in Law from Bar-Ilan University in Israel and an MBA from MIT Sloan School of Management.
You can learn more about Blue Lake Capital and Ellie Perlman at www.bluelake-capital.com.