Downtown Dallas skyline illuminated at night, featuring office towers and the city’s business district.

Business Expansion Continues To Drive Dallas-Fort Worth Growth 

Dax Jarnagin, Tara Bayke
9/17/2026

See why businesses are investing in Dallas-Fort Worth and how the region’s continued expansion is creating new opportunities for growth.

Line chart showing Texas hiring consistently outpacing layoffs and discharges in 2025, with 369,000 hires and 167,000 layoffs in December.
Texas Labor Market: Hires vs. Layoffs. Hires and layoffs are reported as monthly levels (number of workers) for Texas. ITR Economics analysis of Bureau of Labor Statistics data.

Higher Borrowing Costs Are the Next Challenge

Even as financing conditions have shifted significantly over the past several years, DFW has continued to build on its economic momentum. Following more than a decade of historically low borrowing costs, interest rates have settled into what increasingly appears to be a higher long-term range. While many expected rates to return to pre-pandemic levels, today's environment suggests businesses and consumers alike are adapting to a new normal.,

This trend is evident across Texas’ major metropolitan areas, where home price appreciation has moderated as buyers have experienced modest year-over-year price declines, reflecting a broader normalization of the state’s housing market rather than a widespread correction

Line chart showing Texas hiring consistently outpacing layoffs and discharges in 2025, with 369,000 hires and 167,000 layoffs in December.
Texas Median Existing Home Sale Prices. 12/12 represents the year-over-year percentage change in median existing home sale prices. Phase classifications are based on ITR Economics business cycle methodology. Source: ITR Economics analysis.

Looking Ahead

North TX’s underpinnings of industry diversity and business friendliness, along with recent growth trends, make it a desirable market for many companies – as evidenced by the business expansion highlighted above. In addition to the data outlined here, we see observational evidence in the market: many of our clients are focusing on growing in or making acquisitions in the region, and we as a firm have designated Texas one of a handful of key focus geographies in the country. Teams should carefully evaluate their position in the market, assessing where expansion is most likely to be fruitful.

What could these trends mean for your business?

Every organization faces a different set of opportunities and challenges. Crowe can help DFW business leaders interpret economic conditions, evaluate investment decisions, plan for growth, access sector-specific insight, and expand internal capacity for priority initiatives. By combining economic forecasting, industry knowledge, and multidisciplinary capabilities, we help organizations make informed decisions and prepare for what comes next. See how we can help.

This article originally was published in the Dallas Business Journal Aug. 7, 2026, and is shared here with permission.

1 Dallas Regional Chamber. DRC Expert: 2024 recap and 2025 plans. February 3, 2025. https://www.dallaschamber.org/blog/drc-expert-2024-recap-and-2025-plans/
2 The Wall Street Journal, "Morgan Stanley Weighs Expansion to Dallas With $1.33 Billion Office-Building Deal." https://www.wsj.com/finance/banking/morgan-stanley-weighs-expansion-to-dallas-with-1-33-billion-office-building-deal-84119d18
3 Siemens, “Siemens Opens $190M Fort Worth Manufacturing Hub to Support AI Infrastructure Boom.” https://news.siemens.com/en-us/siemens-opens-190m-ft-worth-mfg-hub-ai-infrastructure/
4 LiquidStack, “LiquidStack Doubles Manufacturing Footprint with Second Facility in Texas.” https://liquidstack.com/news/liquidstack-doubles-manufacturing-footprint-with-second-facility-in-texas

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Dax-Jarnagin
Dax Jarnagin
Managing Director, Advisory
Crowe Advisory LLC
Tara-Bayke
Tara Bayke
ITR Economics

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