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Retail By City

city rank #42

City Overview

As the ninth most populous city in the United States, Dallas is home to an almost 3.4 million strong workforce, where 32% of regional workers have at least a college degree. There are over 850,000 professionals in management, finance, computing, architecture, engineering and the sciences and over 415,000 professionals in education and health services. A diverse economy offers many opportunities for dual profession families and assures a strong pool of talent for area businesses. With the cost of living at 96.1% of the national average and no personal income tax, Dallas offers a wonderful quality of life. In 2016, DISD had the 1st and 4th highest-rated public high schools in the nation, according to U.S. News and World Report. A growing transit system includes 62 rail stations, plus two more planned. Area colleges and universities enroll 342,000 students, and Dallas has the largest arts district in the U.S. Thousands of restaurants, 28 libraries, 80.9 million square feet of shopping, 23,000 park acres, 143 miles of trails, plus franchises for all the major professional sports leagues provide endless entertainment. Dallas is currently the third most popular destination for business travel in the United States, and the Kay Bailey Hutchison Convention Center is one of the largest and busiest convention centers in the country, at over 1,000,000 square feet, and the world's single-largest column-free exhibit hall.

A sudden drop in the price of oil, starting in mid-2014 and accelerating throughout 2015, has not affected Dallas and its greater metro due to the highly diversified nature of its economy. Dallas, and the DFW metro, continue to see strong demand for housing, apartment and office leasing, shopping center space, warehouse and industrial space with overall job growth remaining very robust. Oil dependent cities and regions have felt significant effects from the downturn but Dallas growth has continued unabated, strengthening in 2015. Significant national headquarters relocations to the area (as exemplified by Toyota's decision to leave California and establish its new North American headquarters in the Dallas region) coupled with significant expansions of regional offices for a variety of corporations and along with company relocations to downtown Dallas are helping drive the current boom in the Dallas economy. Dallas leads Texas' largest cities in Forbes' 2015 ranking of "The Best Place for Business and Careers.”

Overall, the fundamental metrics of Dallas retail are healthy, and continue to grow stronger as both population and wage growth increase. According to Moody’s Analytics, Dallas’ personal income is expected to climb 5% in 2017, as retail sales are forecasted to increase 6% year over year. Currently, Dallas has a retail occupancy rate of over 94%, with grocery-anchored centers and mixed use developments at the forefront of new construction and absorption.

Things to do

See

Work

Uptown Dallas, Downtown Dallas, West Village, Shops at Legacy, Park Lane, Preston Center


Rest

Southlake Town Square, Fair Park, Downtown Grapevine, Aboretum, White Rock Lake, Klyde Warren Park


And be seen

Eat

Wolfgang Puck's 560, Fearing's, Stephan Pyles, Sonny's, Abacus, Al Biernat's, Bob's Steakhouse, Dakota's, Texas de Brazil, Fogo de Chao, Del Frisco's, Javier's, III Forks, Hibiscus, Abacus, Bijoux, Dakota's, Joe T. Garcia's, Saint Ann's, Neighborhood Services, Capital Grille, Nobu, Pappas Steakhouse


Drink

The Warwick, Javier's, LIFT Lounge, The Living Room, PM Nightlife Lounge, The Cedars Social, Victor Tango's, Bar Belmont, Katy Trail Ice House, Meddlesome Moth, Common Table, Trinity Hall, Lee Harvey's, Mansion Bar, Flying Saucer, The Ginger Man, The Grapevine Bar, Kung Fu Saloon, Beauty Bar, Barcadia, The Old Monk


Be Merry

Gaylord Texan, Billy Bob's, Deep Ellum, American Airlines Center, AT&T Stadium, Ballpark in Arlington, Six Flags Theme Park, House of Blues, Palladium Ballroom, Granada Theater, Dallas Museum of Art, Kimball Art Museum, Perot Museum of Nature & Science, Bass Performance Hall, Truck Yard, Bishop Arts District, Arts District, Trinity Groves, Fort Worth Botanical Gardens, Crow Collection of Asian Art, Nasher Sculpture Center