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Perryman: Long-Term Prospects Remain Positive for Texas

Even in the face of “significant job losses and output declines” due to the COVID-19 pandemic, the underlying structure is generally sound and long-term prospects remain positive, writes economist M. Ray Perryman. He’s projecting 1.79% annual job growth in the Dallas-Plano-Irving Metropolitan District over the next 25 years, a gain of more than 1.6 million jobs.

Up next is the Austin metro area, projected to expand at a 1.65% annual rate, generating over 590,000 net new jobs. Other Texas metros predicted to advance by 1.5% or more from 2019 to 2045 are Tyler (1.57% annual growth), McAllen-Edinburg-Mission (1.52%), Brownsville-Harlingen (1.52%), Midland (1.52%), and Odessa (1.50%).

Both Houston-The Woodlands-Sugar Land and San Antonio-New Braunfels, two of the largest urban centers in the state, are projected to gain jobs at a 1.49% annual rate. Fort Worth-Arlington-Grapevine employment is expected to expand by 1.47% per year, according to Perryman.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Economy
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