The Great [Tech] Migration

Tech and life science companies are expanding to North Texas, research shows.

tech market

Since January 2010, 58 out of 89 Bay area-headquartered tech and life science companies have taken more than 30 million square feet of office space elsewhere in the country.

About 1 million square feet of that was in Dallas-Fort Worth, according to Cushman & Wakefield research.

Sixteen of these companies have set up shop in the region—including Google, Facebook, Juul, Lyft, Oracle, Palo Alto, Salesforce, Tesla and, most recently, Uber. “It’s all part of a larger trend,” Cushman & Wakefield says, “as Dallas’ tech sector continues to grow—it now represents 5.8% of total employment and accounts for 6.9% of Dallas office space.”

And, new tech firms are moving here (or being started here) all the time, the firm says.

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