Businesses continuously relocate to Uptown Dallas to attract educated millennial workers who tend to demand the urban lifestyle that the neighborhood offers. Consequently, despite the boom of high-rise construction in Uptown, the commercial vacancy rate continues to drop and is currently 11.7%, compared to the vacancy rate of 20% in downtown. The educated nature of Uptown residents greatly benefits elite firms such as
McKinsey & Company,
Boston Consulting Group,
Bain & Company,
Deloitte, and
Goldman Sachs, all of which are located in the neighborhood. Additionally, two Fortune 500 companies call Uptown home:
Dean Foods and
Holly Frontier. Along with commercial high-rises, residential buildings are also going up quickly in Uptown. The newest apartments in Uptown cost an average of $1,800 per month, compared to the Dallas average of $888 per month. Recent projects include the Carlisle & Vine, which consists of 131 apartment homes, and a
Whole Foods Market store on the ground level fronting McKinney Avenue. == Education ==