In today's uncertain financial and real estate markets, Temple-Killeen-Fort Hood MSA remains a beacon of propserty and cultivating business. Despite the recent economic downturns, the area is well-suited to prosper and grow and is currently ranked as one of the top regions in the nation, according to the Economic Performance Index. In fact, the MSA outranks other Texas MSA's such as Dallas, Houston, and San Antonio at 13th place nationally. Professional and scientific business grew approximately 6% each year over the past serveral years, which helped add over 1,200 jobs.
Many strategists suggest that location is the key to its success and ability foster growth and wealth. "Temple has the rail service and central location which can easily service Texas and the Southwest, and that's what industries are looking for," according to Lloyd Thomas, president of the Aldrich-Thomas Group. Temple is a leader in technology, globalization, and has a diverse demographic. Industries from Bio-science, Machine Fabrication, and Customer Services are able to pull from the vast array of demographic in the area. The military base in Fort Hood and the universities in Belton and Killeen offer the region a unique employee base. Dr. Ray Perryman continues that "This entire region of Texas is growing and will continue to grow." Not only is Temple-Killeen-Fort Hood a force economically, it is a force from an education standpoint. Killeen is ranked among the top 1,300 public schools along with Temple, ensuring not only today's prosperity but the region's future. And Killeen is the ninth most affordable place to live in the nation according to Coldwell Banker. This may also attribute to its being among the fastest growing cities and the Temple-Killeen-Fort Hood region among the strongest economically. A recent addition to the MSA was the opening of Market Heights, a 650,000 SF regail center in Harker Heights, Texas. Market Heights includes such retailers as Target, Circuit City, Dick's Sporting Goods and Cinemark.
Temple-Killeen-Fort Hood is estimated to be over a $12 billion revenue-generating city.* Fort Hood has directly circulated $4 billion to the local economies. And with new developments such as the Toyota-Scion Processing Center in Temple investing an estimated $50 million and providing approximately 240 jobs with 500+ to come, Temple is set for even more growth. Retail developments are properous as well. Primus Real Estate Services of Austin selected Temple several years ago for its new retail shopping development, Bird Creek Crossing. Not only did this help retailers recognize Temple as a destination, it is estimated to provide the city of Temple with over $50 million in property value tax rolls. Bird Creek Crossing includes such retailers as Target, hope Depot, Petsmart, Best Buy, BJ's Brewhouse, and Bank of America.
Temple-Killeen-Fort Hood is a strong MSA, steady and on track to be one of our nation's top economic leaders.
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The information contained herein was obtained from sources deemed reliable; however, The Aldrich-Thomas Group, Realtors® makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice.