“The trend of corporate relocations to the Dallas-Fort Worth area isn’t slowing down,” Clay Vaughn, senior vice president of CBRE’s Tech & Media Practice in Dallas, said in a statement. “The favorable business climate and available tech talent in Dallas has made it one of the top startup markets in the U.S., which further incentivizes companies to move to the area.
“It’s been a very positive cycle, and we see that continuing as the tech industry continues to grow.”
CBRE estimates that the D-FW area’s tech sector employment grew by more than 22,000 people last year. Tech tenants have been one of the fastest-growing segments of the North Texas office market.
Some of the biggest recent office leases in the area were to tech-related companies, including Nokia,