November 22, 2021

CBRE to expand workforce in Dallas and Richardson

Commercial real estate services and investment firm CBRE, Inc., will create 460 new jobs and more than $29 million in capital investment over the next 13 years at its Dallas headquarters and 550 new jobs and more than $13 million in capital investment at a new operations center in Richardson, Gov. Greg Abbott has announced.

“Exceptional companies like CBRE are attracted to Texas because of our dynamic workforce and unrivaled business climate,” Abbott said. “CBRE’s expansion in the Dallas-Fort Worth Metroplex will bring over 1,000 high-paying jobs and greater opportunities to the hardworking people of Texas, and I look forward to a strong relationship with the company as we work together to keep Texas the national model for economic prosperity.”

CBRE’s expansion of its global headquarters in Dallas County illustrates the economic power of North Texas and highlights the advantages of doing business in Texas, said Robert Allen, President and CEO of the Texas Economic Development Corporation (TxEDC), based in Austin.

“We talk a lot about these advantages — low tax burden, low cost of doing business, business-friendly climate, reliable infrastructure, reasonable regulations, and the nation’s second largest workforce — but the region’s economic development partners and its elected leaders also have a winning business development strategy and offer strong support for relocating and expanding businesses. That combination is what often edges out the competition from other states,” he said. “Add to that the dynamic culture of innovation, and you have a very compelling argument for Dallas-Fort Worth.”

The Texas Enterprise Fund extended grants of $3.45 million and $3.3 million to CBRE, Inc. for the expansion.

CBRE is a Fortune 500 and S&P 500 company and the world’s largest commercial real estate services and investment firm, based on 2020 revenue.