JLL Research Will traffic remain manageable with more people in DFW?

DALLAS—In early 2017, Toyota will throw open the doors of a new headquarters after a $1 billion relocation and consolidation of its California, New York and Kentucky offices in Plano. Cheaper operating costs and a lower cost of living were two of the main draws for Jamba, which relocated its headquarters from Emeryville, CA to a 25,000-square-foot LEED-certified facility in Frisco. On the corporate end, Texan business tax incentives clock in at around $19 billion available annually in a bid to lure companies such as Toyota, which received a $40 million subsidy towards its move.

“Texas is emerging as a hotspot for businesses. That’s down to many factors, the biggest of which is the cost of homes, construction, labor and taxes. These are significantly lower in Texas than in other major cities such as Chicago, Los Angeles or New York City,” says Jeff Staubach, JLL president, south central region. “In Southern California, homes cost $2,000 a month more than their apples-to-apples counterparts in Dallas. Employees who relocated would effectively get a $24,000 raise on the same salary.”

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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