Beating out reigning Seattle for the number one spot as the 2019 top U.S. city for real estate in PwC’s Emerging Trends in Real Estate 2019 report is Dallas/Fort Worth. Other top 20 cities included on the list are Texas markets Austin and San Antonio.

Dallas’ potential for future growth through its high labor force participation, high business startup activity, and low operational costs and affordability are contributing factors in its real estate investor attraction. Additionally, Dallas/Fort Worth’s 146,000 new residents last year contribute to the positive migration and outpaces all other metros in the nation.

PwC U.S. real estate leader Byron Carlock Jr. stated that Dallas/Fort Worth’s ranking “points to a lot of things that Dallas is doing right — leadership, investment in infrastructure, urbanism and exurbanism.”

Some Dallas market strengths cited in the report supporting Carlock’s sentiments include: a government climate that is friendly toward growth; there is no state income tax; the DFW International Airport offers improved infrastructure; and college graduates within the strong education sector of over forty universities are remaining in the region for work.