Four Texas Cities Among Fastest Growing in US
We don’t need Texas Motor Speedway to know we’re fast, but we’ll take the acclaim from Forbes, which named Dallas as the fourth fastest-growing city in the US. Also on the list are Austin at No. 1 (for the fourth consecutive year), Houston at No. 10, and San Antonio at No. 20. One big reason Forbes picked us: the state’s strong population growth in 2013 and sub-6% unemployment. Forbes says Dallas’ projected growth rate of 2.08% for 2014 is pretty good, and deemed the local economy’s year-over-year growth rate a healthy 3.57%.
Big D’s commercial real estate is stepping up to meet the growth; the 22-story 167k SF Frost Tower broke ground in December; KDC broke ground last summer on CityLine; Hall Office Park is adding a new building in Frisco; and developer Craig Hall started the 18-story KMPG Plaza at Hall Arts in downtown. Granite also has a new tower along the Tollway (where many others have been started, including a Trammell Crow building), and there’s the Dallas Cowboys World HQ in Frisco and the 240-acre $2B mixed-use development called Legacy West. (Just remember, kids, you can't play with shovels if you don't bring enough for everyone.)