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The big-name HQ moves
Some of the largest relocations of the past decade landed in DFW:
- ✓McKesson - the largest U.S. pharmaceutical distributor - moved its global HQ from San Francisco to Las Colinas (Irving) in April 2019, with a Texas expansion projected to add at least 975 jobs.
- ✓Charles Schwab announced in 2019 it would move its HQ from San Francisco to its Westlake campus (effective Jan 2021), built to house more than 6,000 employees.
- ✓CBRE, the world’s largest commercial real estate firm, moved its HQ to Dallas from Los Angeles in 2020; AECOM relocated its global HQ from LA to Dallas in October 2021, joining 1,200+ existing DFW staff.
More moves - and the why
The list runs deep, and the drivers are consistent:
- ✓Others: Jacobs (Pasadena to Dallas), Core-Mark (South San Francisco to Westlake, 2019), DZS (Bay Area to Plano, 2020), and First Foundation bank (Irvine to Dallas, 2021), which called DFW "the new Southern California."
- ✓The driver: Texas has no state personal or corporate income tax, while California’s top personal rate reaches 13.3% (Tax Foundation, 2025); the Hoover Institution cites high taxes, regulation, and cost of living - especially housing.
- ✓Texas gained 114 of the 265 California companies that relocated HQ between 2018 and mid-2021 - more than any other state (Hoover Institution).
The scale + what it means for relocating workers
This is the biggest internal migration in the country:
- ✓DFW landed 11 HQ relocations in 2025 - more than any U.S. metro (ahead of Miami at 8) - and has received 100+ HQ relocations since 2018, #1 for the 7th year running (CBRE, 2026).
- ✓93,970 Californians moved to Texas in 2023 - the single largest state-to-state migration flow in the U.S. (U.S. Census, 2023).
- ✓The housing math is dramatic: California’s median home price was about $861,000 in Dec 2024 vs a Texas median list price near $365,500 - the monthly mortgage gap between a Bay Area home and a Dallas house runs $2,000-$4,500 (up to $54,000/yr).
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The full guide lists every confirmed California-to-DFW move + which suburbs their workers pick. Sources: CBRE, Hoover Institution, U.S. Census, Tax Foundation, company press.
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