CNN Money recently reported that U.S. cities had economic growth of 2.3% in 2014 which is the best it’s been since 2006 – before the last big recession. In 2013, it was only 1.9%. These numbers come from the U.S. Commerce Department.
They reported that big cities high-skilled jobs are driving this growth. Small cities, however, were finding growth mainly in low-wage jobs like retail.
So which cities are doing the best? No surprise, Dallas is Number 1. Here are the top 10.
1. Dallas: 8.5%
2. San Francisco: 5.2%
3. Atlanta: 3.0%
4. Boston: 2.6%
5. New York City: 2.4%
6. Los Angeles: 2.3%
7. Chicago: 1.8%
8. Houston:1.8%
9. Philadelphia: 1.1%
10. Washington, D.C.: 0.3%
Bob Gibbons is a Real Estate Advisor & Tenant Advocate with REATA Commercial Realty, Inc. which is a tenant advisory firm based in Plano, Texas. Bob serves companies in Plano, Frisco, McKinney, Allen, Richardson, Addison, Dallas and the surrounding areas and specializes in companies which lease or buy office and warehouse properties.