Job postings in the financial services sector surged in Dallas-Fort Worth in the last two years, according to research from commercial real estate services firm JLL.
The region was only second to New York in job postings between 2021 and 2023, surpassing Chicago. Dallas-Fort Worth totaled 64,191 job postings to New York’s 129,072 during the two-year span.
JLL also found the North Texas cities of Plano and Irving have experienced the most percentage growth in financial services job postings across the U.S. since 2019. The established Collin County community of Plano saw job postings in the sector rise by 84%, while Irving, to the west of Dallas, saw a 75.9% jump.
Tampa, Fla., a region that experienced an influx of residents primarily from the U.S. Northeast during and after the COVID-19 pandemic, ranked third with a 64.5% gain.
JLL attributes some of the job posting growth to financial services firms preparing for digital transformation, working to evolve nimbly and efficiently. JLL included in its research traditional front-office and tech-related innovation roles posted by the country’s 50 largest financial services office occupiers.
Dallas-Fort Worth has continued to attract both companies and workers specializing in the broader financial services sector due to its central location, relative affordability, talent pool and overall business friendliness.
In addition to big wins like Charles Schwab’s headquarters in 2021, the region attracts expansions, regional hubs and other bases of operations at a consistent clip.
Fisher Investments moved its base from Washington to Plano last year, New York’s TIAA will house about 2,000 employees at a new building at The Star in Frisco, and Oregon’s M Financial plans to expand its regional hub at Stream’s updated The Quad development with a 52,000-square-foot lease.
Dallas-based banking institutions Texas Capital and Comerica are also growing their footprints in their own backyard. Pittsburgh-based PNC Bank said last week it plans to add 17 branch banks in Dallas-Fort Worth as part of a larger nationwide expansion.
Even more is underway that will continue to support and sustain further growth in the sector.
Goldman Sachs plans to open a regional campus in Hunt Realty’s NorthEnd development along North Field Street near the Perot Museum of Nature and Science. The project, which also counts Hillwood as a development partner for its first phase, features a 14-story, 800,000-square-foot office meant to house thousands of workers for the New York financial giant.
Nearby, Bank of America, based in Charlotte, N.C., announced plans to move into a 30-story tower overlooking Klyde Warren Park in 2027. The building, a project of Pacific Elm Properties, developer KDC and property owner Miyama USA Texas, will be Uptown Dallas’ tallest. The financial institution plans to bring about 1,000 employees to its space.
KDC also has a hand in a new regional campus for San Francisco-based Wells Fargo. The 850,000-square-foot office complex is intended to one day house about 3,000 workers across its two buildings.
