City of Dallas

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City of Dallas

Posted by dfwfirstrealty on December 8, 2019

With an estimated population of almost 1.4 million in 2018, Dallas is the most populated city in the DFW metroplex and the ninth most populous city in the United States, third in Texas after Houston and San Antonio.

The most prominent sectors of the Dallas economy include defense, financial services, information technology, telecommunications, and transportation. Over 41 colleges and universities are in its metropolitan area which is the most of any metropolitan area in Texas. The city has a population from a myriad of ethnic and religious backgrounds and one of the largest LGBT communities in the U.S. WalletHub named Dallas the fifth most-diverse city in the U.S. in 2018.

Dallas is home to so many unique districts, each with its own culture, attitude. Popular districts in Dallas include Victory Park, Uptown, Turtle Creek, Trinity Groves, Park Cities of Highland Park and University Park, M Streets, Lower Greenville, Knox Henderson, Lakewood, Lake Highlands, Fair Park, Downtown and/or Deep Ellum, Casa Linda, and Bishop Arts District and Kessler Park within Oak Cliff.

The residential real estate market in the Dallas–Fort Worth metroplex has has been booming for the better part of a decade. Dallas and the greater metro area have been leading the nation in apartment construction and net leasing, with rents reaching all-time highs. Single family home sales, whether pre-owned or new construction, along with home price appreciation, have been leading the nation since 2015.

The opening of Klyde Warren Park, built across Woodall Rodgers Freeway seamlessly connecting the central Dallas CBD to Uptown/Victory Park, has acted synergistically with the highly successful Dallas Arts District, so both have become catalysts for significant new development in central Dallas.

The Dallas–Fort Worth area has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. Fortune Magazine‘s 2017 annual list of the Fortune 500 in America indicates the city of Dallas has 9 Fortune 500 companies, and the DFW region as a whole has 22, reflecting the continued strong growth in the metro economy and up from 20 the year before. Dallas–Fort Worth now represents the largest concentration of Fortune 500 headquarters in Texas, followed by Greater Houston with its count of 20, down from 24 the year before.

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