The Dallas-Fort Worth Area Continues to Prosper7.8.15
The Dallas-Fort Worth economy has been a shining star in recent years, and its growth is expected to continue to outpace that of the US economy as a whole. Unemployment in Dallas stands at just 4.0%, compared to the national average of 5.5%. The local economy benefits from the diversity of companies headquartered in the area. Corporations in the area and consulting firms and other providers of professional services often require that employees based elsewhere make extended stays. Hotels may be convenient for a stay of a few days, but often lack the comforts you would find at home. Fully-furnished apartments provide an excellent alternative. Kozi Corporate Housing offers beautiful, comfortable furnished apartments that will give the cozy feeling of being at home. We have numerous properties in the Dallas and Fort Worth areas. We differentiate ourselves based not just on the quality of our apartments, but also on the quality of our customer service – we always put you first!
Some of the major industries in the area include defense, energy, financial services, high tech, life sciences, semiconductors, telecommunications, and transportation. Employers benefit from access to a regional workforce of nearly 7 million people, which includes 3.3 million in the city of Dallas. There are 21 Fortune 500 companies headquartered in the area, including several well-known brands: ExxonMobil, AT&T, American Airlines, Kimberly-Clark, J.C. Penny, Texas Instruments, Southwest Airlines, Neiman Marcus, and Southwest Airlines. Frito-Lay, the division of PepsiCo that makes potato chips and other snack foods, is headquartered in Plano, which is a short commute from the heart of Dallas. Numerous privately-held companies with more than $1 billion in annual revenues are headquartered in the area, including 7-Eleven, Pizza Hut, and Michaels Stores.
Technology is one of Dallas’ largest industries. Approximately 250,000 high tech workers, or 37% of Texas’s total, are based in the area, which has led to it being dubbed Silicon Prairie. A cluster for telecommunications manufacturing in an area known as Telecom Corridor is located in Richardson, just north of Dallas and Interstate 635 on a roughly 3-mile long strip along Highway 75. Telecom Corridor is home to approximately 600 companies, including MetroPCS, Fujitsu, and Cisco Systems. This cluster has expanded to surrounding areas, including Irving, the US home for Research In Motion, and Plano, the US headquarters of Ericsson and Alcatel-Lucent.
An exciting development in the area is the new Toyota North American headquarters in Plano, which will replace the Japanese automaker’s longtime office in Torrance, California, and consolidate operations currently based in Kentucky and New York. The company will employ approximately 4,000 people when the $350 million, 2.1 million square-foot campus opens there in 2017. The space will accommodate not just Toyota employees, but also corporate partners, consultants, and contingency staff.
Toyota is a corporate anchor of the $2 billion Legacy West development that is under construction on 240 acres at the intersection of State Highway 121, the Dallas North Tollway, and Headquarters Drive. Other corporations building or planning to build there include FedEx Office and Liberty Mutual.
Dallas offers a great quality of life. There are thousands of restaurants, franchises for all of the major professional sports leagues, 78 million square feet of shopping, 28 libraries, the largest arts district in the US, 21,000 acres of parks, and so much more. DFW International Airport puts Dallas less than three-and-a-half hours from major business centers: New York, Los Angeles, Chicago, Atlanta, Mexico City, and Toronto.
Kozi Corporate Housing should be your go-to for accommodations during your extended stay in the Dallas-Fort Worth Area. Learn more about all that our fully-furnished apartments have to offer, and contact us today to inquire about availability and pricing.