The Connect May 2022

AllianceTexas Surpasses $100 Billion in Economic Impact

AllianceTexas continues to be one of the state’s most formidable economic engines for economic impact. In the past three decades, the development has generated approximately $100 billion in regional economic impact and over $3.13 billion in total taxes paid to local public entities.

According to the annual Insight Research Corporation report, more than $8.66 billion of the development’s economic impact was generated in 2021 alone. 

“The success of AllianceTexas can be attributed to the collaborative relationship between public and private sectors, each having a shared vision and goal for community growth,” said Mike Berry, president of Hillwood. “AllianceTexas continues to be a substantial economic generator for the State of Texas and serves as the premier destination where businesses from multiple industries can grow and thrive.”

A driver for regional success, AllianceTexas has transformed the North Texas economy and connected the area to a global industry. The development delivers innovative solutions for companies of all kinds with its ample supply of versatile space and access to vast transportation infrastructure. 

The Alliance corridor now represents the largest industrial submarket in North Texas with the highest net absorption, according to CoStar. In 2021, Hillwood leased over 6.3 million square feet of space and launched the largest industrial speculative building at AllianceTexas to date, Alliance Center East 1, totaling over 1.2 million square feet. In addition, Hillwood broke ground on Alliance Center North 8 and 9, two speculative industrial buildings that are nearly 1 million square feet combined. Explore availability at AllianceTexas.