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Dallas-Plano-Irving is a Top 5 region for economic growth

Dallas-Plano-Irving is one of the best metro areas for economic growth, according to the 2016 Milken Institute Best-Performing Cities.

The area ranks No. 5 in the country out of 200 large metros examined, the same rank it had last year. The study broke up the DFW metro area, as it ranked Fort Worth-Arlington No. 42 in the country, down 11 spots from last year.

Click to read more at Dallas Business Journal.

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Housing permits in Frisco dip as land costs escalate and the market matures

As Frisco’s land costs skyrocket and the city matures as a North Texas housing market, builders have filed fewer housing permits in the past few months, which means fewer homes under construction in the city limits.

And for the first time in city history the median price for a new single-family home has surpassed the half-a-million-dollar mark.

Click to read more at Dallas Business Journal.

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CBRE: Dallas-Fort Worth among the three tech markets with most momentum

DFW boasts some of the greatest momentum in the country when it comes to high-tech job growth, a new study has found.

The area’s growth rate for high-tech jobs increased from 10.8 percent during the 2012-2014 period to 19.7 percent in 2013-2015, according to CBRE’s Tech Thirty report. Only two other markets – Toronto and Charlotte – saw a higher percentage-point increase.

Read more at Dallas Business Journal. 

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CBRE: DFW’s data center pipeline in 2017 could be biggest yet

A surge of demand for data center space in Dallas-Fort Worth has the region hitting record levels of leasing velocity, but CBRE brokers say the biggest boom could soon be on its way.

“We are predicting Dallas-Fort Worth to do another 40 megawatts this year, but next year could be stronger from the pipeline we’re seeing in the market,” Brant Bernet, senior vice president and leader of CBRE’s data center team, told theDallas Business Journal.

Click to read the rest at Dallas Business Journal.

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Why are real estate firms regarded as some of the best places to work in DFW?

Dallas-Fort Worth is arguably the most dynamic real estate environment in the country.

Corporate relocations keep pouring into North Texas and with that brings an influx of people. An influx so great that experts say the prices of homes in the area have risen more than 43 percent over the last five years — the biggest rise DFW has ever seen.

Read more at Dallas Business Journal.