Siemens & DrinkPak Investment: A Huge Impact on the DFW Real Estate Market

The land once settled as an army outpost now attracts millions of dollars in investment by industries. 

We’re talking about Dallas Fort Worth (DFW) and the massive industrial projects proposed by Siemens and DrinkPak. Largely due to the low cost of living, tax incentives, business-friendly policies, and high population growth, industries from the East and West Coasts are investing in the area.

So, in today’s post, we’ll discuss the projects proposed by Siemens and DrinkPak and how they impact the DFW real estate market. But before we dig into that, let’s take a look at what makes DFW so special.

DFW’s Market Resurgence

Over the past decade, Dallas-Fort Worth has grown and flourished into one of the largest and most prosperous metroplex cities in the entire state. The economic development has boosted the real estate scene in the area. 

According to a Source, DFW has $2.3 billion worth of development projects under construction, including 5000 new apartments. 

But this takes us back to our question– What makes DFW so special that everyone is moving here?

The area is prominent in arts and culture. From music, dance, theater, and film, DFW has so much to offer to everyone.

On top of that, with companies and industries flocking to the area, work opportunities are exploding in DFW. A Study shows that DFW has 4.4% year-over-year job growth. Combining all the factors, people are making a move to DFW.

Siemens & DrinkPak and Their Impact on DFW Real Estate 

With a combined investment of $585 million, Siemens and DrinkPak have proposed to expand in DFW and bring over 1,700 jobs. 

The part of the talk also includes the city council negotiating giving tax breaks and incentives to the companies for the next 10 years. In exchange, both companies would pay 15% of their construction costs to local minority or women-owned businesses. 

Let’s discuss their impact on the DFW’s market.

Siemens Industry Inc

Siemens Industry Inc., a German technology company, wants to open an advanced manufacturing facility of low-voltage circuit breakers at 7200 Harris Legacy Drive at Carter Park East. The company would invest $133 million, $70 million in the building by the end of 2024, and another $63 million of investment in equipment by the end of January 2025. 

The facility is said to create 715 full-time jobs by the end of 2026, and under the proposed incentives, Siemens would pay an average salary of $63,000.

DrinkPak

DrinkPak, a California-based beverage manufacturer, looks forward to establishing two facilities in DFW. One location is near the Fort Worth Alliance Airport at 25001 Eagle Parkway in Denton County, and another at Carter Park East. DrinkPak will invest $452 million across both facilities. 

The first manufacturing plant will create 550 full-time jobs by December 2026 and 450 jobs for the second plant by December 2027. Moreover, the jobs will pay an average salary of $70,000 per annum, as per the city council’s negotiation. 

The increase in demand for jobs will drive more people to this metroplex city, which is definitely going to affect the DFW housing market. So, if you’re wondering whether to buy or invest in DFW, now could be the right time.   

Why Invest in DFW Real Estate Now?

DFW is one of the fastest-growing cities in the US. Due to domestic and international migration, its population is expected to double in the next 15 years. 

This continuous growth in population is increasing the demand for housing, and due to limited inventory, rental rates are also on the rise, making it a paradise for real estate investors.  

All in all, here’s why you should invest or buy a property in DFW now.

      • Fast-growing population

      • Booming economy

      • Potential increase in rental rates

      • No state capital gain tax(no tax on the profit made from selling a property) 

    If you’re looking to buy or sell a house or make an investment in the DFW real estate market, contact us now. At TheKhanGroup, we have the expertise and resources to help you make the best investment decision.

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