Nielsen study finds Dallas second fastest-growing market in United States

by PegNews wire

A new Nielsen Company analysis aimed at uncovering expansion opportunities for the retail industry in a down economy has found that sustained growth is occurring in large metros such as Atlanta, GA; Dallas, TX; and Phoenix, AZ, which ranked as the top three fastest growing markets over the last eight years.

The study, which was conducted by Nielsen Claritas, Nielsen's leading marketing information source, and based on data compiled as of early 2008, showed that Atlanta and Dallas CBSAs (Core Based Statistical Areas) added more than one million in population since 2000, while the Phoenix CBSA was close at 971,849.

The Dallas-Fort Worth-Arlington area had a population of 6,164,066 with an increase of 1,002,522 residents from 2000 to 2008, which represented a 19.4% increase.

The following Population Growth Indicators strongly correlate to fast-growing markets: 1. large land areas 2. booming suburban rings 3. widespread affluence 4. an increasing Hispanic population 5. diversified employment 6. long commutes and 7. the presence of lifestyle shopping centers. Wow, so if you have lots of West Villages, you're doing great?

Source: The Nielsen Company

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alexander troup, says:

Fastest growing into what....and Atlanta, along with the desert city......listen we have a 4 county Metroplex, that also includes........that is not all Dallas, while this area in 1900, was also a very fast growing city compared to Galveston which was the largest city in the state at the time. so what are we fast growing as........and what is the quality of life if your young and or are starting all over again......A.T, Retired Urban Planner.