With a market size of nearly $900bn, the United States has one of the world’s largest commercial real estate markets, coupled with some of the most desirable business locations to match. This post serves as the first part of our examination into the US market’s performance based on data from Q4 2020 and Q1 2021.
According to a recent Cushman and Wakefield report, the office market in the Lone Star state is robust and has been marked by a consistently high demand for Class A space and an expanding occupier base. This is particularly true of the Dallas-Fort Worth area, where a thriving job market has prompted several corporations to relocate to larger premises.
Towards the end of 2014, average vacancy rates in this area had dropped from 17.9 per cent to 16.6 per cent, thus reaching their lowest levels since 2010. By the end of Q4 2014, more than 13.8 million square feet had been leased or sold in the Dallas-Fort Worth area.
Strong demand in this area is also reflected in the speculative development pipeline, where 65 per cent of the more than 6 million square feet of office space under construction has already been pre-leased.
The city of Dallas has become renowned for its plentiful job opportunities, low tax rates and affordable housing. Young college graduates and established professionals alike find the idea of working in this bustling city an excellent choice.
Several major industries have helped make Dallas a powerful business city in the U.S. and in recent years, Houston and Dallas have attracted thousands of new residents. Some of the key industries in the city include information services, goods manufacturing, telecommunications, media, logistics and food manufacturing.
Over 80,000 companies have made their home in Dallas, and many Fortune 500 companies have also chosen to place their main headquarters in Dallas. High-tech start-ups are growing increasingly attracted to Dallas due to it’s favorable tax laws and low rental rates.
Major Industries & Key Economic Drivers in Dallas
Other industries that make up the economic base of Dallas include finance, aviation and international trade. In downtown Dallas, you can find the offices of several major finance firms. Dallas is an excellent place for young professionals to seek opportunities in investment banking or law, with several large law firms having offices located in the high-rise buildings in downtown Dallas. Over 342,000 Dallas residents are currently employed in the professional and business services field.
The state of Texas is home to fifty two Fortune 500 corporate headquarters, with Dallas itself boasting an impressive seven Fortune 500 company headquarters including AT&T, Energy Transfer Equity, HollyFrontier, Southwest Airlines and Texas Instruments. Read the rest of this entry »
Looking for a new job provides you with the opportunity for a fresh start in many ways. You can choose a job based upon a location in which you know you will be happy. You can also search for jobs based on salary, lifetime earning potential, benefits, prestige, work experience and office culture. However, you may want to make the location of your job one of the priorities in your job search. If you choose a location in which you can happily live, work and play, you will be less likely to suffer from job burnout or dissatisfaction in the long run. Whether you are looking for a change of scenery or want to live in an area with a thriving economy, here are ten U.S. cities that should be on your list.
1. Dallas, Texas
Kiplinger ranks Dallas, Texas, as a top place for new graduates to live and work. The median salary for college grads is about $42,900 a year, and the average apartment rent is $799 a month. About 6.3 million people live in Dallas, and the unemployment rate in the area is only 6.3 percent.
2. Washington, D.C.
Washington D.C. is an excellent place for millenials to work, live and play. The city is thriving with job opportunities in the political and corporate worlds. The median salary for college graduates is about $46,100 a year. When you live in D.C., you won’t have to worry about saving funds for an entertainment budget. Many attractions, such as national museums and the National Zoo, are free of cost.
3. Minneapolis, Minnesota
Minneapolis is quickly turning into a popular city for workers due to its low cost of living, low rent costs, smoke-free regulations, gorgeous parks and beautiful lakes. Individuals can enjoy living in a metropolitan city and also have access to natural settings on the weekend.
4. Denver, Colorado
The downtown area of Denver is a major attraction for workers. The city-wide bike sharing program can help you cut costs on transportation. Denver also has plenty of restaurants, shops, casinos and nightlife attractions for your time off. You also won’t have a problem finding a great craft brew in the city, as Denver features many pubs and bars that have been instrumental in creating craft brews.
5. Boston, Massachusetts
Boston is known for being a center of business, finance, politics, shopping, theatre and great restaurants. The city is booming with job opportunities. With attractions like the Boston Marathon and major athletic events, you will always have something to do after work hours in Boston.
6. Anchorage, Alaska
Anchorage is becoming an attractive spot for job seekers due to its high median income of $47,600 and low rent costs. Alaska also does not feature a state income or sales tax. After work, you may enjoy activities like fishing, snowboarding and touring glaciers in the region.
7. Houston, Texas
A promising job market is a major attraction for those seeking a new career in Houston. Home values are also expected to increase in the upcoming years, and individuals can find homes for sale at competitive prices in Houston.
8. Ann Arbor, Michigan
Home to the University of Michigan, individuals can enjoy living in a city that is thriving with culture and things to do. New grads and job seekers can find high-paying jobs in this college town. University of Michigan is the largest employer in Ann Arbor. Free educational and entertainment events are consistently offered throughout the town.
9. Miami, Florida
Surrounded by gorgeous beaches, Miami is a great city for work and play. The city boasts a thriving economy and is also surrounded by other job-producing cities, such as West Palm Beach and Fort Lauderdale.
10. San Francisco, California
San Francisco is an attractive city for jobseekers due to its plentiful opportunities in the tech and finance industries.
As you look for the perfect city for work and play, you should consider what matters most to you. These top cities can give you a starting point for finding a job in a location where you will feel happy and satisfied.
Sources:
1. http://www.kiplinger.com/article/real-estate/T006-C000-S002-best-cities-to-live-work-and-play.html
2. http://www.huffingtonpost.com/2014/04/15/top-young-cities-millennials_n_5152929.html
Whatever variety of corporate entertainment an organization desires is available in Dallas, TX’s. An elegant evening meal and dance to present awards and recognition or a fun and entertaining team building venue can be booked any time of year for visiting VIPs or local firms.
One of Dallas’s newest event centers for both corporate and social occasions is Ashton Gardens. Their event specialists assist with theme suggestions, meal planning, audio/visual needs, and set-up for the venue. The experience their people provide keeps the event moving smoothly, impressing all in attendance with the excellent food, the quality technology available and always first-class service.
Ashton Gardens culinary team prides itself in preparation of original recipes consisting of the highest quality, fresh ingredients. Then their service staff takes over with 5-star pampering for every guest and anticipating their every need ensuring the event’s success. They have all-inclusive pricing packages that eliminate surprises for the corporate budget. Read the rest of this entry »
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