Dallas-Fort Worth will continue to be one of the hottest metropolitan areas in the country to live in 2019, according to a forecast released by commercial real estate services company Marcus & Millichap.
The Metroplex is on track to add more than 80,000 residents for the fifth consecutive year and bring 105,000 new jobs to the area, according to the outlook. That forecast puts the Metroplex on the list of top markets in the country for jobs created in 2019, the report says.
"Diverse hiring velocity will allow the metro’s employment base to expand 2.8 percent this year, led by a continued influx of traditional office positions," forecasters say in the report. "Additionally, job gains within the hospitality, retail, and health sectors should also be robust, a response to the market’s rapidly growing populace."
Percentagewise, the Dallas-Fort Worth area matched Houston in expected population growth, while San Antonio is projected to increase by 1.5 percent in 2019, the report says. The Austin metro area's population growth in 2019 will surpass 50,000 for the ninth year in a row. Of those residents, more than 13,000 will be millennials, according to the report.
The forecast also shows 2019 population growth rates for Austin, Dallas-Fort Worth, Houston, and San Antonio being slightly lower than their estimated growth rates for 2018.
While Austin is expected to beat its major metro counterparts in Texas for 2019 population growth on a percentage basis, the report predicts Houston will gain the most residents — about 124,500.