Dallas-Fort Worth is the No. 7 metro in the U.S. for tech employment, according to Cushman & Wakefield’s April 2022 Tech Industry Performance Report.
New York City was No. 1 in Q1 with 549,296 workers, followed by San Francisco; Washington D.C.; San Jose, California; and Los Angeles-Orange County at No. 6.
Top DFW tech companies
According to the Cushman report, Salesforce is the No. 1 tech employer in DFW. The region’s Top 10 is rounded out by IBM at No. 2, followed by Active Network, AT&T, Uber, Facebook, Match.com, Amazon, Hotels.com, and Travelocity.
Current economic impact
DFW’s gross regional product for the tech sector in 2021 was $15.9 billion, an increase of 136% compared to 2010. Over the last 12 months, DFW had 62,472 unique computer-related tech job postings (source for both: EMSI).
The average tech company office lease was for 14,133 square feet, with an average lease length of 84 months.
Future economic outlook
The report projects an 11% increase in high-tech employment in DFW over the next 5 years (source: Moody Analytics).
There is an expected growth of 21% in computer- related technology jobs from 2021 to 2026 (source: EMSI).
Top submarkets for DFW tech companies
Among tech companies with Class A office space, the leading DFW tech submarkets are:
• Legacy/Frisco market: 22,517,017 supply; 78.2% occupancy; 3,389 year-to-date net absorption; $39.97 gross average rental rate; 1,903,130 SF completions in the last three years.
• Richardson/Plano market: 14,257,604 supply; 82.4% occupancy; 72,264 year-to-date net absorption; $26.37 gross average rental rate; 0 SF completions in the last three years.
• Las Colinas market: 20,946,377 supply; 82.2% occupancy; 101,999 year-to-date net absorption; $30.16 gross average rental rate; 1,754,112 SF completions in the last three years.
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