D Economy - January 2018

D Economy Header 2018 (NYR)
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January 2018

Here are the highlights and news stories you may have missed from the past month:

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Council District Fact Sheet 1_FY 2017

City of Dallas Council District Economic Fact Sheets now available

Council District Economic Fact Sheets for the City of Dallas are now available online. Each fact sheet has a wealth of information on each district. There is also a city-wide summary fact sheet. On each fact sheet you'll find the latest data on construction activity, industry sectors, jobs estimates, commercial real estate inventory, key economic development projects and more. Source: www.DallasEcoDev.org

ECO Interactive Data Search Tool

Need more data? Check out our Interactive Data Search Tool, available 24/7

Interested in a particular Dallas location for your next project? Enter that location into our Interactive Data Search Tool and get a wide range of location-specific data. Examples of available data include resident household income, age, and education level, local industry and businesses, completed building permits, and commercial real estate vacancies. Information is available within a radius of 1, 3, 5, or 10 miles. Source: www.DallasEcoDev.org.

General Business News

How AT&T and Southwest Airlines are driving corporate innovation

Dallas-based industry leaders AT&T and Southwest Airlines are adopting artificial intelligence and automation solutions, investing in workforce development, and delivering new services to keep up with their customers' evolving demands. Source: D Magazine, January 10, 2018.

DFW International Airport recognized for best passenger experience

Based on passenger surveys conducted by industry group Airport Councils International, DFW International Airport won the top spot for best passenger experience of any large airport in North America for 2016, and is on track to improve its scores for 2017. Source: Dallas Morning News, January 2, 2018.

Indiana marketing firm moving its operations to Dallas

An Indiana-based marketing firm is moving its operations to Dallas. LST Marketing is relocating its head office to the Travis Walk building, located in Dallas' Knox Street district. CEO Starke Taylor said "We have clients in Dallas and we realized we needed to have a bigger presence here." He expects to move into the new offices by early spring. Source: Dallas Morning News, January 3, 2018.

New data shows Dallas area job market is the best in the country

Among the dozen largest metropolitan areas in the U.S., Dallas had both the highest job growth rate and the most jobs added from November 2016 to November 2017. That's according to new information from the U.S. Bureau of Labor Statistics. Source: Dallas Business Journal, January 11, 2018.

City Center News

Ross Avenue density brings in three local spots

A development at Ross and Hall is remaking the corner with a trio of establishments that cater to the young professionals flooding the area. Eateries Burgundy's Local and Ross and Hall are now open, as is Bar and Garden, which sells small batch spirits free of anything artificial. Source: Lakewood East Dallas Advocate, January 4, 2018.

Real Estate News

More residents are coming to Deep Ellum

With the opening of the new 17-story Case Building at Main and Hall Streets, Deep Ellum continues to be one of Dallas' hottest neighborhoods. On offer are 337 apartments, mostly loft-style, within walking distance of Baylor Scott & White Medical Center. Source: Dallas Morning News, January 5, 2018.

Warehouse construction hits new high in Dallas area with more on the way

Busy developers delivered more new warehouse projects in the Dallas area than ever in 2017. A record 26.8 million square feet of new industrial building space hit the market last year, according to a new report from commercial property firm CBRE. Source: Dallas Morning News, January 3, 2018.

Small Business News

Pilotworks Food Incubator to open in northwest Dallas

Pilotworks is opening its first Dallas food incubator and shared commercial kitchen at 11830 Webb Chapel Road. It will offer a state-of-the-art kitchen, classes and workshops, access to a mentor network, tailored membership programs, and rentable space. Source: D Magazine, January 11, 2018.

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Economic Review

City of Dallas Unemployment Rate

City of Dallas Unemployment Rate

Source: Texas Workforce Commission; Preliminary values, not seasonally adjusted.

  • The preliminary unemployment rate as reported by the Texas Workforce Commission for the City of Dallas for December 2017 remained at 3.3 percent. The rate reflects minimal increases in the size of the city's labor force (383 residents) and the number of unemployed Dallas residents (112 residents).
  • December was the 34th consecutive month that the reported unemployment rate within the City of Dallas has outperformed both the national and state's unemployment rate.

More Dallas Economics

This month you'll find

D Economy Exclusives

The latest news from our editorial team

General Business News

Info on the state of our economy, accolades and insights

City Center News

The latest downtown projects and progress

Real Estate News

The latest real estate development projects and progress

Small Business News

The latest announcements in small business development

Economic Review

Economic data and more

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Did You Know...

Dallas is #3 on Milken Institute's 2017 Best Performing Cities List: http://bit.ly/2rDIjxl

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