THE TEXAS TRIANGLE
No region has seen more dramatic and steadier economic and demographic growth than the Texas Triangle, formed by the Dallas-Fort Worth metro at its northern point in North Texas; the Houston metro at its southeastern edge on the Gulf Coast; and Austin-San Antonio at its western tip in Central Texas.
San Antonio
Austin
Dallas / Fort Worth
Houston
The growth of these areas has transformed Texas from a largely agricultural and commodities-producing state into a highly urbanized and economically sophisticated place.
Combined Metropolitan Areas
Why Texas?
Based on current trends, Texas is expected to gain between 3-5 million people by our bicentennial in 2036.By 2060, Texas will be home to anywhere between 36 and 44 million people.
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San Antonio
San Antonio has a diverse economy with key sectors related to healthcare, military, logistics, and hospitality. San Antonio’s leisure and hospitality sector both recovered from pandemic job losses and expanded during this time, at 2x pace in comparison to any other sector.
Top contributors to sector growth include Methodist Healthcare, the largest private health employer, who is building a new West Side hospital that will create 280 jobs and Baptist Health System, who is also expanding into the Northwest San Antonio with a hospital that is estimated to create 500 jobs.
Austin
Connected by 75 miles of continuous urbanization, including the vital region around San Marcos and a string of the fastest growing small cities in the nation, Austin is home to world-class companies, particularly in technology, the University of Texas, and also is home to the government of the nation’s second largest state.
Dallas / Fort Worth (DFW)
This trajectory has paralleled strong population growth in North Texas, with DFW adding the most residents of any other U.S. metro area between 2021 and 2022, at 170,396.
The City of Fort Worth led the country with the largest numeric increase in population for the 12 months ending July 2022 (+19,170), with Frisco at #15 on that list (+8,506). The city of Little Elm was the fifth fastest-growing large city in the country across the same time period, with an annual growth rate of 8.0%.
Houston
The multifamily sector has benefitted from Houston’s tremendous population and job growth. Despite economic headwinds, the Houston labor market remains relatively strong. The market has added 124,000 nonfarm jobs through June, year-over-year, at a rate greater than the U.S.
Oxford Economics projects Houston to rank #1 in percent population growth for large markets and #2 of all metros in net migration over the next five years.
