Helpful Dallas Industrial Space Information
Dallas is part of the DFW Metropolitan Statistical Area, also known as the MSA. DFW’s central United States location is evenly close to North America’s five largest business centers: New York, Chicago, Los Angeles, Mexico City and Toronto. The region’s central time zone location, which is one hour behind the east coast and two hours ahead of the west, extends the working day for companies doing business on both coasts.
Moving your company to industrial space in Dallas puts you right in the middle of an area ripe with benefits. Some of these include the fact that the DFW has nearly 200 international organizations that offer business, cultural and educational programming. Tax abatements are offered by individual cities in DFW and are available to eligible properties to encourage businesses to invest and/or expand to industrial space in Dallas. DFW has four Foreign Trade Zones that provide duty-free or deferred payments of goods processed at plants engaged in international trade (Foreign Trade Zone Commission).
As one of the most diverse high-tech manufacturing locations in Texas, Fort Worth/Dallas industrial space is home to a variety of high tech corporations including Lockheed Martin, Bell Helicopter and Motorola. A number of international corporations are also headquartered in the Fort Worth-Dallas area, including American Airlines, BNSF Railway, Pier 1 Imports, RadioShack and XTO Energy. Other corporate companies that call Dallas commercial real estate home include Justin Brands, FedEx, Ben E. Keith and Williamson Dickie. Health care, finance, telecommunications, education, tourism, retail trade, and services are also significant economic sectors for the area.
Commercial rents for Dallas office and industrial space are among the most eye-catching in the nation for tenants. DFW experienced office vacancies of 21% in second quarter 2008. Industrial vacancies were less than 10%.
What are some other incentives for looking into Dallas industrial space? “Texas has no personal or corporate income tax and no state property or unitary state tax, The Texas Industrial Revenue Bond Program provides tax exempt financing for land and depreciable property for industrial and manufacturing projects, The Economic Development and Diversification Program is a tax incentive that offers an in-state tuition waiver for family members who have relocated their company to Texas,” and there are many more advantages for both you and your company if you choose to open, relocate or expand with industrial space in Dallas.
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