The answer is actually quite simple. It’s value! We’ve done the home work and it’s clear that raw land in Texas is a great value compared to other parts of the country. Dallas/Fort Worth has some of the lowest land costs in comparison to other Metropolitan areas and Dallas/Fort Worth is one of the fastest growing areas in the country. Not convinced? Here’s a few more reasons:
GREAT TRANSPORTATION CORRIDORS:
More than 50 million people can be reached from DFW overnight by truck or rail and 98 percent of the U.S. population can be reached within 48 hours. (DFW Airport).
Direct flight time from DFW to nearly any city in the continental U.S. takes four hours or less. (DFW Airport)
Six interstate and seven other U.S. highways as well as numerous state highways serve the DFW region.
Known as the nation's largest inland port, DFW is a principal trucking and freight distribution center with over 600 motor/trucking carriers and 100 freight forwarders. (North Central Texas Council of Governments)
Dallas is a junction point for hundreds of railroad lines. While most of the
nation’s railroads are regional in nature, the establishment of joint rates and routes by the carriers provides the continued movement of freight when more than one carrier is required to transport a shipment. Because of these agreements, the Dallas shipper is assured of delivery to any point in the U.S.
POPULATION:
The Dallas/Fort Worth Metropolitan Statistical Area (MSA) reported 5.7 million residents in the U.S. Census 2005 American Community Survey, making it the largest metropolitan area in Texas, the fourth largest metro in the country and larger than 35 U.S. states. (U.S. Census Bureau, U.S. Census Bureau: American Community Survey)
DFW added just under 1.2 million residents, more than 325 persons each day, between 1990 and 2000, fueling a growth rate of 29 percent. This marked the second consecutive decade in which growth bordered on 1 million or more new residents for the Metroplex. (U.S. Census Bureau)
EMPLOYMENT GROWTH:
DFW ranked first in the nation for employment growth in the 1990s, adding a total of 760,600 net new jobs. Second ranked Atlanta was nearly 100,000 jobs behind with growth of 671,700 and the widely reported San Francisco Bay area, including San Jose, did not even break the 600,000 mark. (U.S. Bureau of Labor Statistics)
DFW claims 26 percent of the state's population, 27 percent of the labor force, 28 percent of all wage and salary jobs and produces 33 percent of the state's total product as measured by Gross Domestic Product (GDP). (Economy.com)
Total GDP for the DFW metro reached $285.8 billion in 2005. If DFW were a nation, its Gross Domestic Product would place it among small European countries (United States Conference of Mayors & Global Insight & Perryman Group)
Texas is the #1 state and DFW is the #2 metro for relocations in 2009. (Site Selection Magazine)
QUALITY WORKFORCE:
Dallas/Fort Worth offers the largest number of college and high school educated residents of any metro in the state of Texas and among the highest in the nation. According to the Census Bureau, 2.9 million residents in DFW hold high school diplomas and more than one million have completed at least four years of college.
(U.S. Census Bureau, American Community Survey 2005)
BUSINESS COMMUNITY:
There are over 100,000 business establishments in the Dallas/Fort Worth area and more than 1,500 regional and corporate headquarters operations. (Texas Workforce Commission)
Dallas ranks fourth nationwide in existing office and fourth in existing industrial space in 2005. (CB Richard Ellis)
The Dallas/Fort Worth area facilitates international business by offering the services of 26 foreign consulate offices and 6 foreign trade offices. (Office of Texas Secretary of State)
Total world trade with DFW reached $49.6 billon in 2005, a 67% increase since the year 2001 ($29.7 billion). (U.S.A. Trade Online)
China was the region’s top-trading partner in 2005, with total trade reaching just over $13 billion. (U.S.A. Trade Online)
QUALITY OF LIFE:
Dallas/Fort Worth has a low cost of living, typically several points below the national average, and considerably lower than major east and west coast cities. (ACCRA)
ACCRA Cost of Living Index consistently reports that housing in the DFW area is one of the least expensive metropolitan markets in the nation. With a first quarter 2006 score of 78.6, local housing is 21.4 percent below the U.S. average of 100. (ACCRA, Greater Dallas Chamber)
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