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Update Dallas | A central hub for market and real estate news affecting the Dallas region.

A central hub for market and real estate news affecting the Dallas region.



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America’s Coolest Cities? Dallas and Fort Worth Are on the List!

August 2nd, 2013 | by The Update
Americas-Coolest-Cities-Yep-Dallas-and-Fort-Worth-Are-on-the-List.jpg

In its latest ranking of America’s Coolest Cities, Forbes magazine gives a big old nod to the Metroplex, putting Dallas at No. 4 and Fort Worth at No. 13.

Both cities ranked high for arts and culture opportunities, and boasted thousands of eateries.

We even beat Austin, oft considered a beacon of cool. But Texas in general had quite a turnout: Houston is No. 1, San Antonio is No. 11, and Austin is No. 19.

Here’s how Forbes described the definition of “cool”:

We sought to quantify it in terms of cities, ranking the 65 largest metropolitan statistical areas and metropolitan divisions (areas that include cities and their surrounding suburbs that are defined by the U.S. Office of Management and Budget) based on seven data points weighted evenly.

Sperling’s Best Places helped us calculate the number of entertainment options per capita in each metro area. We also ranked the cities based on other recreational opportunities, including the amount of green space, the cost and number of outdoor activities like golfing and skiing available, and the number of pro and college sports teams.

With the help of Sperling’s we tallied restaurants and bars per capita, weeding out chain establishments – Applebee’s has less sizzle than a local chef’s bistro.

We also looked at each city’s cultural composition using Sperling’s Diversity Index. It measures the likelihood of meeting another person of a different race or ethnicity. Increased diversity tends to lead to a larger assortment of interesting shops, restaurants and events.

Using the most recent data from the U.S. Census Bureau, we factored in median age, favoring places with a large young adult population.

We ranked the cities based on net migration (the number of people who relocated there in 2011) and also on unemployment rates, since a city’s offerings are only as good as the amount of people who want and can to afford to enjoy them. (No one likes to hang out in an empty bar, right?) We culled this data from the Bureau of Labor Statistics and Moody’s Analytics.

Click here to read the full article from Forbes.

Click here to read more news about real estate and the economy in Dallas-Fort Worth.

Briggs Freeman Sotheby’s International Realty is Dallas’ luxury real estate leader, with more than 190 agents in five offices located throughout the Metroplex and access to the global Sotheby’s network, including more than 11,000 agents in 600 offices worldwide. For more information on escapes and second homesranch and land, and luxury homes in the Dallas-Fort Worth region and beyond, go to briggsfreeman.com.

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