Janus Real Estate Group: About DFW

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About DFW

FAVORABLE BUSINESS CLIMATE

In 2008, Texas surpassed New York as home to the most Fortune 500 companies in the latest list compiled by Fortune magazine. The Lone Star now boasts 58 headquarters, three more than New York, the previous No.1, and California, with 52.
Twenty-two Forbes 500 companies are headquartered in the Dallas-Fort Worth area including Exxon, J.C. Penney, EDS, Kimberly-Clark, Texas Instruments, Tandy, and CompUSA. (Fortune Magazine)
Texas ranked No. 2 overall in the nation for Best States for Businesses in 2007 by CNBC. It also ranked No. 2 in the nation for Best States for Businesses in 2006 by Forbes. Texas was among the best when it came to population growth, transportation, tort climate and cost of living. It also has the largest number of companies with $1 billion in sales at 110, including ExxonMobil, Dell, AT&T and AMR.
Area Development Magazine, the world's leading magazine and information source for industrial site and facility planning, ranked Dallas the second-largest growth area in the country.
If Texas were its own nation it would represent the world's 8th largest economy. Texas recently surpassed California as the largest exporter in the nation.

HIGH TECH HUB

Texas ranks 2nd as the largest cyberstate in the nation with approximately 460,000 high-tech workers. DFW accounts for nearly one-half of Texas’ high tech workforce, generating more technology jobs than Houston and Austin combined. (American Electronics Association)
Senior executives of Fortune 1000 companies ranked Dallas the second most desirable location for technology-related business in a four-way tie with Atlanta, San Francisco, and San Jose.
Milken Institute, an independent economic think tank, ranks Dallas in the top two cities in America as a “High-Tech Pole” for its high-tech industry.

ROBUST POPULATION GROWTH

Dallas-Fort Worth (DFW) metroplex reported nearly 5.1 million residents in the 2000 Census, making it the largest metropolitan area in Texas, the ninth largest metro in the country, and larger than 31 U.S. states. (Census 2000)
In a recent report, 1 in every 6 American moving out of state moved to Texas.
DFW added nearly 932,600 residents, from 2000-2004 throughout the 12 counties of the metroplex.
DFW has a young, diverse, and growing labor market with the median age of 32.6 compared to the U.S. average of 36.0.

GATEWAY FOR INTERNATIONAL BUSINESS

Foreign trade in DFW exceeded $36 billion in 2003, rising 194% in the five years since 1998. (USA Trade Online)
Six of the Global 500 companies in 2004 are headquartered in DFW. (Fortune Magazine)
International passenger service at DFW Airport contributes almost $2.3 billion annually to the North Texas economy in direct and indirect expenditures. International air cargo adds another $34 million to the economy. (DFW Airport)
DFW facilitates international business by offering the services of 25 foreign consular offices and 6 foreign banks. (Consular Corp. DFW)

SMART AND AFFORDABLE REAL ESTATE

The Center for Economic and Policy Research and National Low Income Housing Coalition projects that DFW homebuyers could see one of the best increases in equity in the country during the next few years.
Experts at Forbes and Moody's Economic.com predict that DFW residents and investors will see some of the best gains with a steady price increase reaching 51.2% in the next 10 years.
DFW homes are undervalued by 16% according to CNN Money. ACCRA Cost of Living Index reports that housing in the DFW area is one of the least expensive metropolitan markets in the nation. (ACCRA, Greater Dallas Chamber)

BUSTLING TRAVEL AND TOURISM

DFW is the No. 1 visitor destination in Texas, attracting more than 14 million visitors annually, and taking in $7.4 billion each year from tourism spending.
Dallas ranks among the top cities in the nation in convention and meeting attendees, with more than 3.8 million people attending more than 3,600 conventions and leaving more than $4.2 billion behind.
The DFW International Airport is the 3rd largest in passenger activity in the world. It handled over 765,000 operations in 2003 and served over 52 million passengers with an estimated 2,100 daily flights. DFW International Airport brings in $14.3 billion annually and supports 268,500 jobs. (DFW Airport)

EXCLUSIVE EDUCATION & TRAINING

DFW offers the largest number of college and high school educated residents of any metro in Texas and among the highest in the nation. According to the Census Bureau, 2.8 million residents in DFW hold high school diplomas and more than 1 million have completed at least 4 years of college. (U.S. Census Bureau)
In 2003-2004, 416 public schools in the DFW area are recognized as exemplary campuses by the Texas Education Agency.
Over 240 accredited private and parochial schools in the DFW area enroll more than 63,000 primary and secondary students. Enrollment at the college and university levels exceed 250,000 students. (Texas High Education Coordinating Board)
The six major public universities in DFW granted nearly 4,600 doctoral degrees in the last decade, placing them third, behind Silicon Valley and the Research Triangle.

BOOMING RETAIL

Dallas is one of the leading fashion apparel centers in the U.S., second only to New York.
DFW is the 10th largest retail market in the nation. Dallas Market Center is the world’s first and largest wholesale market, hosting 400,000 buyers, and conducts $7.5 billion in wholesale sales annually.
Dallas has more than 27 million square feet of shopping space, with the most shopping centers per capita in the U.S.

QUALITY OF LIFE

Dallas is one of the few cities nationwide with four major professional sports teams: the Cowboys, Mavericks, Rangers, Stars, and two annual PGA events. Other nearby sporting attractions include horseracing at Lone Star Park and NASCAR racing at Texas Motor Speedway.
DFW is Texas’ most “arts intensive” metro area on a per capita basis, with cultural arts contributing over $22 billion to the local economy. The Dallas Arts District, a 60-acre development, is the largest urban arts district in the country, anchored by the Dallas Museum of Art, the Morton H. Meyerson Symphony Center, and the new Nasher Sculpture Garden. (The Perryman Group)
Dallas has more restaurants per capita than New York City, with over 7,000 restaurants at last count.
There are approximately 150 private and municipal golf courses in the DFW area. (DFW Convention & Visitors Bureau)

Source: Greater Dallas Chamber