‘Y’all Street’ Grows as Dallas Turns Into Major Finance Hub
New Financial Hub
“One of the most significant developments in the region is the $500M Goldman Sachs (GS) tower in downtown Dallas, which will house more than 5K bankers and investors, making it the firm’s second-largest office after NYC.”
“This project, along with other major office developments by Wells Fargo (WFC), Charles Schwab (SCHW), and Deloitte, illustrates the rapid expansion of “Y’all Street.” And as more financial firms flock to Texas, the state is building a new financial ecosystem that’s quickly gaining respect.”
Our Take
Low taxes, minimal regulations, affordable housing, and ample space for new developments are undoubtedly key reasons why the financial services sector in DFW continues to grow.
We invite you to schedule a consultation and join us in creating housing for the thousands migrating to the Lone Star State!
#multifamilydevelopment #multifamilyinvesting #privateequity #multifamilyrealestate #y’allstreet
Source: CRE Daily, August 14, 2024