Companies Shift 725 Headquarters to Red States as Dallas-Fort Worth Gains 111

1 articles · Updated · Fox News · May 18

725 companies relocated headquarters between 2018 and 2025, with the pace accelerating in 2025 and Dallas-Fort Worth leading all U.S. metro areas with 111 gains.
CBRE said firms increasingly left high-tax, heavily regulated states for lower-cost, faster-growing markets; the share citing “growth opportunity” as the main reason jumped nearly 47% from a year earlier.
Texas dominated the gains—Austin added 88 headquarters and Houston 31—while Miami also attracted moves from Los Angeles, the Bay Area and Boston on lower taxes and expanding tech-finance talent.
California took the biggest hit, with the San Francisco Bay Area posting a net loss of 163 headquarters, while the New York metro saw nine departures from 2024 to 2025 despite remaining the largest U.S. corporate hub.
The migration is sharpening political pressure on blue-state leaders as tax, regulation and cost-of-living policies increasingly shape where companies invest, jobs move and states gain economic clout.

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