Jobs in the financial services sector have skyrocketed in Dallas-Fort Worth over the past two years, according to a study by commercial real estate services firm JLL.
The region ranked second in job openings from 2021 to 2023 behind New York and ahead of Chicago. Over the two-year period, there were a total of 64,191 job openings in Dallas-Fort Worth and 129,072 job openings in New York.
JLL also found that the North Texas cities of Plano and Irving have seen the highest growth in financial services job openings in the nation since 2019. In the established Collin County community of Plano, the number of job openings in this field increased by 84%; In West Dallas, he was up 75.9%.
Tampa, Florida, an area that has seen an influx of residents primarily from the northeastern United States during and after the COVID-19 pandemic, ranked third with a 64.5% increase.
JLL believes that part of the increase in job openings is due to financial services companies preparing for digital transformation and working to evolve more agilely and efficiently. JLL included traditional front-office and technology-related innovation roles in the nation's 50 largest financial services firms.
Dallas-Fort Worth continues to attract both companies and workers specializing in a wide range of financial services sectors due to its central location, relative affordability, talent pool, and overall business friendliness.
In addition to major successes like the Charles Schwab headquarters in 2021, the region consistently attracts expansion facilities, regional hubs and other business locations.
Fisher Investments moved its operations from Washington to Plano last year, New York's TIAA plans to house about 2,000 employees in a new building at The Star in Frisco, and Oregon's M Financial plans to move to a new building in Stream. The plan is to expand the 52,000 person regional hub into The Quad development. Square Foot Lease.
Dallas-based financial institutions Texas Capital and Comerica are also expanding their footprint in their own backyards. Pittsburgh-based PNC Bank last week announced plans to add 17 branches in Dallas-Fort Worth as part of a larger national expansion.
More initiatives are underway to continue to support and sustain further growth in this sector.
Goldman Sachs plans to open a regional campus at Hunt Realty's North End development on North Field Street near the Perot Museum of Nature and Science. The project also includes Hillwood as a phase one development partner and will feature a 14-story, 800,000-square-foot office building intended to house thousands of employees of the New York financial giant. There is.
Nearby, Charlotte, North Carolina-based Bank of America announced plans to move into a 30-story tower overlooking Klyde Warren Park in 2027. The building is a project of Pacific Elm Properties, developer KDC and real estate owner Miyama USA Texas, and is the tallest in Uptown Dallas. The financial institution plans to bring about 1,000 employees to the space.
KDC is also involved in San Francisco-based Wells Fargo's new regional campus. The 850,000 square foot office complex will accommodate approximately 3,000 employees per day across two buildings.
