Corporate expansions and relocations to the Dallas metro area have become an increasingly popular trend. Texas as a whole had the best job growth in the nation, adding 332,300 jobs in 2019. Fueled by employment growth, the northern suburbs of Dallas (Frisco, Richardson, Denton) have seen strong household formations, increased rental demand, and compressed vacancy. Over 100,000 jobs have been added to the Dallas metro each of the previous 5 years.
Job Growth YOY: 3.2%
Rent Increase YOY: 3.6%