2019 Austin Medical Real Estate Market Report
The Austin market is booming with opportunities for dentists, optometrists, physicians, and veterinarians opening practices. Adding approximately 145 new residents per day, the Austin metro area is noted as one of the fastest-growing in the U.S., according to the Austin Business Journal.
"Migration, both domestic and international, as well as natural increase contributed to the growth in each of these areas, with natural increase serving as the largest source of population growth in Dallas and domestic migration serving as the largest source in Phoenix," according to the U.S. Census Bureau.
Collin County, Texas experienced the fourth largest numeric growth from 2017-2018 (33,753) nationwide. Cities in Collin County include Allen, Carrollton, Frisco, McKinney, Plano, Richardson, and others. Frisco and McKinney, Texas were ranked tenth and thirteenth respectively among the top 15 cities with populations of 50,000 or more that had the largest numeric increase from 2017-2018.
Tarrant County was ranked eighth from 2017-2018 (27,463) and sixth from 2010-2018 (274,276). Its cities include Arlington, Fort Worth, Grand Prairie, and others. Fort Worth, Texas was ranked third among the top 15 cities with populations of 50,000 or more that had the largest numeric increase from 2017-2018 (19,552).
Dallas and Fort Worth, Texas are now the ninth and thirteenth most populous cities in the U.S. The 2018 total populations are 1,345,047 and 895,008 respectively.
This high-growth area creates underserved markets and new potential patients for your practice. In our free 2019 Dallas-Fort Worth Medical Real Estate Market Report, we share where the hottest growth opportunities are, how much rent is going for in those areas, and how to capitalize on these opportunities.