LuvBigD wrote:Hey Tivo,
I'm not sure that Chicago has much appeal anymore. For starters, it has been losing population for more than a few years now, it's crime rate is out of control and it's in a state that's about to declare bankruptcy. I know that Dallas is not perfect but those attributes I just mentioned can't really be said about our fine city.
CNBC used public data and 66 metrics to rank states in 10 categories. Those categories, with Texas' respective rankings and point totals, are:
No. 1 Workforce: (376/425 points)
No. 1 Infrastructure: (251/400 points)
No. 15 Cost of Doing Business: (219/350 points)
No. 25 Economy: (170/300 points)
No. 37 Quality of Life: (127/300 points)
No. 11 Technology & Innovation: (157/225 points)
No. 34 Education: (82/200 points)
No. 24 Business Friendliness: (82/150 points)
No. 3 Access to Capital: (96/100 points)
No. 9 Cost of Living: (42/50 points)
tamtagon wrote:Seems like each time this has happened in Houston, that economy has emerge a more diversified. There's at least 20 more years of fossil fuel demand, but renewable sources with far less damaging pollution is on track to lead the energy industry through the second half of the first half of the century (HA), so lets hope Houston can make the transition while remaining the Energy Capital of the World.
tamtagon wrote:^They gotta make those batteries somewhere, and if the lithium comes from Bolivia, well just put it on a ship to Houston....
We'll still need jet fuel.
But I know and I agree Houston will need something to make up the difference in the long term decline of fossil fuel.
Part of the reason behind the widening gap between Dallas and Fort Worth has to do with the growing diversification of industries clustered in the greater Dallas metro. From Toyota North America's new headquarters to J.P. Morgan Chase & Co.'s new regional campus to State Farm Insurance's new hub in Richardson, Dallas is getting to be quite diverse with a Big D.
"Dallas, which was once part of the Texas energy story, has come a long way, which has enabled the economy to grow strongly and avoid the negative impacts the oil industry has had on other parts of Texas," Muoio told me. "Fort Worth, like Houston, isn't as diversified and the economy isn't moving as robustly as the Dallas economy."
Tnexster wrote:^Many people speculated that this move would eventually take place when this plan was proposed years ago. What's the main difference between Erie and Fort Worth? No union.
One of the reasons North Texas is so attractive for data centers is its relatively low energy costs — and over the last four years, those costs have been declining, according to a 2016 JLL report.
Any economist would say that is a bad thing. But those who know the (8.4M SF) submarket best think the oversupply could help it finally lure some big tenants and corporate relocations that keep choosing the North Dallas suburbs ... Downtown Fort Worth still has around 1M SF to fill. “Availability of space was our first problem. We simply didn’t have the number of contiguous floors. Now we need to remind the world that we’re here,” Taft said.
How Dallas became the center of the rental home universe in one phone call
https://www.dallasnews.com/business/rea ... phone-call
...The companies announced the $4.3 billion merger Thursday, with the combined company keeping the Invitation Homes name and basing itself out of Dallas. It came after months sorting out the details, creating the largest U.S. single-family landlord with 82,000 homes across the country....
tamtagon wrote:^That's an oddly optimistic article coming out of Fort Worth, forced optimism if you ask me. Two homegrown companies, made it big, then got moved out of town.Any economist would say that is a bad thing. But those who know the (8.4M SF) submarket best think the oversupply could help it finally lure some big tenants and corporate relocations that keep choosing the North Dallas suburbs ... Downtown Fort Worth still has around 1M SF to fill. “Availability of space was our first problem. We simply didn’t have the number of contiguous floors. Now we need to remind the world that we’re here,” Taft said.
Well, frankly, the lack of large contiguous floorspace is just the cover for the real reason DTFW office market has barely changed in a generation: those in charge didn't really want it to change.
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