When most people think about Dallas Fort Worth, they envision the picturesque views of the Dallas Skyline, the Old West feeling of the Fort Wort Stock Yards and historical areas like Deep Ellum and Lower Greenville. For over 15 years, I lived in East Dallas and Upper Greenville Avenue and I never imagined myself living in the suburbs until I married and we settled in the Mid-Cities. What attracted me most was its central location, which facilitated my wife working in Fort Worth and I in Dallas, while keeping both of our commutes under 25 minutes. Depending on who you ask, the Mid-Cities is comprised of roughly 14-17 cities which span 30 miles between Fort Worth and Dallas. While there are seven Fortune 500 and five Fortune 1000 companies headquartered in Los Colinas, here are a few other desirable cities in the Mid-Cities for companies to consider when planning a relocation or expansion.
Nestled halfway between Dallas and Fort Worth, Arlington is a great place for companies looking to expand or relocate their business. If you are looking for an area with a big city vibe and a suburban feel, Arlington is the place. Just 20 minutes from downtown Dallas and downtown Fort Worth, an Arlington location gives a company the ability to attract top talent from the majority of the Metroplex. With direct access to I-30 and I-20, it has attracted the eyes of industrial investors looking to break ground on new projects and those in search of value-add properties. Arlington is known as the entertainment capitol of North Texas, being home to the Dallas Cowboys’ AT&T Stadium, the Texas Rangers’ Globe Life Field, Six Flags Over Texas Amusement Park and the Texas Live Entertainment Center.
Another perk to consider is the affordability of housing in Arlington. With a medium home price of $253k, in comparison to $393k for Plano, $465k for Frisco and $265k for Fort Worth, Arlington is an attractive city for growing families and first-time home buyers. If you are searching for something new, there is the Viridian, a 2,000-acre master planned community with endless amenities which include several lakes, and an elementary school in the acclaimed HEB ISD School District. Looking for emerging talent? The University of Texas at Arlington is one of the fastest growing and most diverse public universities in the country.
Although, there is no shortage of industrial and medical office space available in Arlington, it is also a prime market for a new Class A office or mixed-use development near the entertainment district or off the I-20 corridor, where there is ample commercial land ready to be developed.
Family, fun, entertainment and one of the top school districts in the state can be found in the city of Grapevine. Located minutes from DFW International Airport, it offers a great location for any business that requires convenient access to an airport. In addition, the city is crossed by seven highways, including major arteries I-635, SH 114, SH 121, SH 360 and more.
Ever since Kubota Corporation moved its U.S. headquarters from Torrance, CA to Grapevine in 2017, other businesses and developers have been flocking to the “Wine Capital” of North Texas. With the Grapevine Food Hall opening as part of the $114M Grapevine Main development, the city is set to take off as the nation begins to recover from the pandemic.
GameStop has been one of the largest employers in the city for a while, but the city is ready for additional major corporate relocations or expansions. With a proactive Chamber of Commerce and Economic Development department, the city is aggressively pursuing and cultivating new businesses.
Brinker’s International, The Container Store and Palm Beach Tan all are headquartered in the small city of Coppell, TX. Like Grapevine and Arlington, Coppell is centrally located in the Metroplex with a drive time of about 30 minutes from downtown Fort Worth and 20 minutes from downtown Dallas. In addition to being five minutes from DFW International Airport, the city of Coppell has one of the top 25 school districts in the country and Cypress Waters, one of the best mixed-use developments in North Texas.
The city boasts a healthy amount of class A &B office and industrial property that will appeal to companies looking to create a footprint in the heart of Dallas-Fort Worth. While many companies have seen a slow down due to the pandemic, Coppell-based Vari has seen an uptick in its work from home business and has also created an innovative approach to flexible office leases with Varispace Coppell, which is set to launch in 2022.
Caliber Homes lease of 159,000 square feet at Cypress Waters was recognized as the largest completed office lease by Costar in Q4 of 2020. As we head toward Q2 of 2021, Coppell is well positioned to capture another big-name corporate expansion or relocation. Although “Everything is Bigger in Texas”, there is plenty of small-user inventory available for small to medium sized businesses needing to plug and play.
If we consider location, quality of life and the availability of talent these cities stack up well against the competition. In addition, their support for businesses at the local level has created additional incentive for companies to consider relocating or expanding to the Mid-Cities. While location is almost everything, a corporate relocation or expansion creates short- and long-term impacts on operating costs, supply chain and tax structure. One of the benefits of having local in-person representation in the Mid-Cities, is that we are able utilize our local market knowledge and qualitive approach to identify the best location for your business operation while considering the long-term financial and strategic implications.