The corporate shuffle
Why are business headquarters relocating to Texas?
Texas led all 50 states in HQ relocations from 2018–2023 with 209 moves, peaking at 137 in 2023, per CBRE. “The primary motivation for corporate headquarters relocations is cost savings, including lower taxes, wages, and overall operating expenses.”
Our Take
This amazing phenomenon helps explain the high demand for new rental properties across Texas. In essence, it underscores our commitment to ground-up real estate development. Schedule a call and let’s talk!
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Source: CRE Daily and Propmodo, April 14, 2024