“Dallas has evolved into an epicenter for financial activity,” said Christopher Kleinert, CEO of Hunt Realty. “You’ve got the migration of financial institutions coming from the coast. You’ve got a tremendous talent base here.”
The Dallas–Fort Worth region has attracted a wave of financial giants in recent years:
- Bank of America is leasing 238,000 square feet nearby.
- JPMorgan Private Bank has offices overlooking Klyde Warren Park.
- Charles Schwab and Vanguard have expanded in the metroplex.
- The New York Stock Exchange moved its electronic exchange to Dallas.
- Nasdaq plans a regional HQ, while the Texas Stock Exchange has drawn investment from Citadel Securities and BlackRock.
More details are available from Tradeline, Inc.
Challenges Ahead: Rising Costs
Despite the optimism, Dallas faces affordability concerns. Research from the Harvard University Joint Center for Housing Studies shows housing prices in Texas cities are climbing.
“How do you continue to have price points of housing available for all; how do you ensure that there’s quality education?” Kleinert asked. “It’s important that we retain our relative affordability.”
