Morgan Stanley plans $587 million Dallas office for 3,800 staff by end of 2035
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Large financial institutions are expanding headcount and long-term office footprints in the Dallas-Fort Worth region, reinforcing Texas' role as a growing U.S. finance and listings hub (NYSE, Nasdaq Texas). The news is operational rather than macro, but it underscores sustained investment in domestic financial infrastructure and talent pipelines. Near-term market impact is likely limited, with any effect concentrated in regional economic activity and corporate services demand.
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Morgan Stanley plans to invest just over $587 million in a permanent office building in Dallas, with the site expected to house around 3,800 employees by the end of 2035. The bank also committed to hiring Dallas residents for at least 25% of relocated or newly created roles, and it must submit a local recruiting plan by the end of 2027. Goldman Sachs is also investing $500 million in a new Dallas campus that it says will be its largest U.S. workforce outside New York City, with more than 5,000 employees expected to work there. The number of applicants to Goldman Sachs’ Dallas program has risen 52% over the past five years.
