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Top 11 Dallas Coworking Spaces for Financial Services

Posted on: 25th July 2024

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Top 11 Dallas Coworking Spaces for Financial Services

Dallas has emerged as a leading city for financial services in recent years. The area offers a unique mix of strong business growth and a lower cost of living. This has led to many financial institutions moving to the area, with plenty of opportunities for growing businesses.

Many companies are seeking flexible, cost-effective space for their employees. Coworking allows a company to have a physical office space, without the costs of a private office.

Other benefits of coworking include easy access to networking opportunities and improved employee well-being.

In this article, we explore why having a coworking space in Dallas can benefit financial services companies of all sizes. Then, we’ll recommend 11 of the best coworking spaces in Dallas to consider for your financial business.

Dallas as a financial powerhouse

Many financial companies have looked to Dallas as a place to establish or expand their business over recent years.

It’s estimated that around 87,000 people are employed in the financial services sector in Dallas, bringing in over $26 billion annually to the economy. This thriving finance sector has also become renowned for the many industry leaders that have established operations here.

This includes the major offices of Goldman Sachs, Wells Fargo, and Bank of America, three of the country’s biggest banks.

Below, we explore Dallas’ growth as a financial powerhouse and why businesses should consider coworking in the city.

Why finance professionals and businesses should choose coworking in Dallas, TX for coworking

Finance professionals should consider coworking in Dallas for many reasons.

The city is a growing financial hub with plenty of opportunities for small business growth. It also benefits from lower workspace costs, compared to those of cities like New York City or Los Angeles.

Here are some of the reasons you should consider basing your shared workspace in Dallas.

1. It’s the 'Wall Street' of the South

Dallas has gained a reputation as the ‘Wall Street of the South’ over recent years.

As well as the presence of major banks in the area, many more New York financial institutions are making the move South. It is estimated that almost 160 Wall Street firms have moved their headquarters from New York since 2019 to states with lower costs of living.

That has led to the Dallas-Fort Worth Metropolitan Area surpassing Chicago and Los Angeles to become the second-best place to get a career in finance. Only New York had more opportunities when it came to financial services.

2. Fast-growing financial hub

Dallas-Forth Worth is one of the fastest-growing financial services hubs in the country. Over the coming years, increased investment in the area is predicted to add thousands of new jobs in banking, insurance, and investment management.

The DFW area has already seen the addition of 32,000 new jobs across these sectors since 2019, with more to come. A leading example of this expansion is Goldman Sachs committing to increase its presence in the city with a 5,000-person campus.

Its new three-building campus is set to open in Victory Park in 2027. The campus is predicted to cost around $500 million and will grow its workforce by over 1,000 staff.

3. Substantial job growth

Dallas is a hub of innovation and start-up growth, leading to many new jobs. The Dallas-Forth Worth area created 154,000 new jobs in 2023, making it the second largest job growth in the country, after New York.

This substantial job growth allows any shared office in Dallas to benefit from an employment boom.

4. Diverse sectors

Finance is one of Dallas’ leading sectors, but the area enjoys a diverse commercial landscape beyond this industry. Tech is another leading sector, with companies such as Google, Amazon, and Microsoft maintaining significant operations here.

The tech sector has seen impressive growth over the past five years. Between 2017 and 2022, Dallas-Fort Worth’s total tech labor pool increased by 28% and now hosts over 45,000 workers.

Other vital industries in Dallas include healthcare, transport, and logistics. Meanwhile, Southwest Airlines has its headquarters in Dallas, running flights to over 100 destinations.

The city is also well-represented in the manufacturing, professional services, and hospitality sectors. Such a diverse range of industries means a wide range of skilled workers for financial companies to grow their workforce.

5. Cost-effective alternative

As the cost of living in Dallas is about 40% less than in NYC, coworking in Dallas offers the business opportunities of New York at Texas prices. Office space in New York can easily cost $500 per person per month.

On the other hand, with Regus, coworking space in Dallas starts from as low as $149 per person per month. This has led to many Wall Street firms seeking cheaper office space in the area, looking to escape the cost of financial centers like New York.

6. Strategic position

With easy access to the rest of the country and state, the workspace in Dallas benefits from a strategic business position.

Choosing a coworking space in Dallas puts your business at the center of the Dallas-Plano-Irving economic hub. Dallas is also conveniently located in the center of the U.S., making it ideal for transport and logistics.

The area is served by two major airports: Dallas Fort Worth International Airport and Dallas Love Field Airport. Dallas is also a major stop on the Amtrak service running from Los Angeles to Chicago.

7. Innovative small business ecosystem

Although Dallas attracts many big businesses, small businesses also thrive here. The state was elected the best state for small business job growth in 2021. This is thanks to the state’s excellent infrastructure and incentives that help businesses of any size to grow.

The success of small businesses in particular has been a key success in the state’s economy. The commercial landscape is now defined by SMEs, with them now making up nearly 99% of all businesses in Texas.

8. Diverse funding options

Financial businesses in Dallas can benefit from a variety of funding opportunities.

The U.S. Small Business Administration has an office in Dallas. The SBA offers advice and funding to small businesses, including loans and grants.

Another organization to explore is Source Dallas. Here, businesses can be signposted to a variety of programs that set businesses up with equipment, supplies, and capital.

By coworking in Dallas, your business could become eligible for these opportunities.

9. Competitive incentives

Texas provides competitive incentives to companies that create jobs and drive innovation.

The state has a low tax burden and has no corporate income tax for businesses. This allows businesses here to thrive and invest more back into their company.

Growing businesses may be eligible for programs such as the Texas Enterprise Fund or the Texas Enterprise Zone Program. There are also the City of Dallas Economic Incentives Programs, which may offer financial incentives to companies that are based in certain areas of Dallas.

These programs offer cash incentives to companies that create new jobs in Texas.

Financial districts in Dallas

When choosing a shared office space in Dallas, there are a few areas to consider. These areas include Downtown Dallas, Uptown Dallas, Deep Ellum, and the Dallas Arts District

All of these areas are well-connected by public transport and offer access to a diverse range of talent for your business.

Your coworking office in Dallas may be better suited to one area depending on your budget or company ethos.

  • Downtown Dallas (Wall Street): Downtown Dallas coworking space is at the heart of the city’s financial hub. This location is sometimes referred to as the “Wall Street” of Dallas as it is the location of many financial institutions. Major organizations with offices in Downtown Dallas include Bank of America, Goldman Sachs, and the Federal Reserve Bank of Dallas.
  • Uptown Dallas: Uptown Dallas blends upscale living with a vibrant business environment. This district is well-known for its high-end residential areas, sophisticated dining, and retail offerings. Uptown is highly connected and its local financial institutions provide many networking opportunities.
  • Deep Ellum: Deep Ellum is known for its thriving arts and culture scene. The area is also home to a strong start-up presence, offering great networking opportunities for growing businesses. Coworking in Deep Ellum can be more cost-effective than an office space in central Dallas, with the area well-connected to the city center.
  • Dallas Arts District: The Dallas Arts District is located to the north of the city center. Coworking space in North Dallas offers easy access to the city’s financial hub as well as being close to a creative arts scene. This area is home to the Dallas Museum of Art, the Myerson Symphony Center, and the Nasher Sculpture Center.

11 best coworking spaces in Dallas for finance

There are a variety of coworking offices in Dallas to suit all business needs. Here are 11 of the best shared office spaces in Dallas for financial services companies to consider.

1. Cypress Waters

Cypress Waters is located on a business park campus, making it ideal for networking. The building offers an ultra-modern design with useful amenities such as a gym and a terrace.

The office space is surrounded by a one-acre park with beautiful walking trails. It’s also close to Dallas Fort Worth International Airport for easy business travel.

Highlights include

  • Gym and fitness room
  • Fully equipped meeting rooms
  • Outdoor seating area/terrace

Information about Cypress Waters

  • Location: 8951 Cypress Waters Blvd. Coppell, Coppell, TX, 75019
  • Starting cost: From $259 per month
  • Opening hours: Private Office and Dedicated Desk access is 24/7 access; Memberships access during reception hours
  • Nearby transport links: Dallas-Fort Worth International Airport (an eight-minute drive away)

2. 14951 N Dallas Pkwy

14951 N Dallas Pkwy is a coworking space in North Dallas that offers easy access to the city center.

Located in the town of Addison, this coworking space has spacious break-out areas and meeting rooms to inspire collaboration.

Highlights include

  • Collaborative break-out areas
  • Fully equipped meeting rooms
  • Unique and contemporary glass exterior

Information about 14951 N Dallas Pkwy

  • Location: 14951 N Dallas Pkwy, Dallas, TX, 75254
  • Starting cost: From $329 per month
  • Opening hours: Private Office and Dedicated Desk access is 24/7 access; Memberships access during reception hours
  • Nearby transport links: Quorum @ Belt Line - N Bus Stop (a three-minute walk away) and Belt Line @ Dallas N Tollway Bus Stop (a six-minute walk away)

3. 5956 Sherry Lane

With its top-floor location, the coworking space at 5956 Sherry Lane boasts stunning views across Dallas.

This shared office space in Downtown Dallas offers a prestigious address with convenient facilities. It has an elegant design with a fitness center available for visitor use. There’s private parking available for drivers as well as quick public transport options across the city.

Highlights include

  • Fitness center
  • On-site parking
  • Balconies with city views

Information about 5956 Sherry Lane

  • Location: 5956 Sherry Lane, Dallas, TX, 75225
  • Starting cost: From $329 per month
  • Opening hours: Private Office and Dedicated Desk access is 24/7 access; Memberships access during reception hours
  • Nearby transport links: Northwest @ Douglas - W Bus Stop (a seven-minute walk away) and Preston @ Marquette - S Bus Stop (a nine-minute walk away)

4. 2911 Turtle Creek Boulevard

2911 Turtle Creek Boulevard is surrounded by the lush gardens of Turtle Creek Park and is close to Dallas Love Field Airport.

This coworking space in uptown Dallas boasts stunning architecture and an impressive lobby space. It’s also close to the Mansion, a hub of shopping, restaurants, and hotels.

Highlights include

  • Secure underground parking
  • On-site restaurant
  • Business lounge

Information about 2911 Turtle Creek Boulevard

  • Location: 2911 Turtle Creek Blvd, Dallas, TX, 75219
  • Starting cost: From $275 per month
  • Opening hours: Private Office and Dedicated Desk access is 24/7 access; Memberships access during reception hours
  • Nearby transport links: Cedar Springs @ Cedar Springs - S Bus Stop (a three-minute walk away)

5. Uptown

Our Uptown center is situated close to the Dallas Arts District, offering an ideal mix of culture and business.

The office space has a bright central atrium and a variety of break-out areas to inspire workflow. After work, it’s close to the bustle of bars and restaurants for socializing and unwinding.

This makes it an ideal choice for any business looking for a Uptown Dallas coworking space that balances work and play.

Highlights include

  • Collaborative break-out areas
  • Fully equipped meeting rooms
  • Contemporary and open-plan decor

Information about Uptown Dallas

  • Location: 3232 McKinney Ave, Dallas, TX, 75204
  • Starting cost: From $329 per person per month
  • Opening hours: Private Office and Dedicated Desk access is 24/7 access; Memberships access during reception hours
  • Nearby transport links: McKinney @ Hall - N - NS Public Transport Stop (a three-minute walk away) and Cedar Springs @ Turtle Creek N Bus Stop (a three-minute walk away)

6. 4211 Cedar Spring Rd

4211 Cedar Spring Rd is just south of the affluent Highland Park area and is a prime address for any financial business.

This coworking space is set over two floors, offering plenty of space to set up your workstation. The venue also has many stylish meeting rooms and break-out areas, ideal for meetings and presentations.

Highlights include

  • On-site parking
  • Collaborative break-out areas
  • Fully equipped meeting rooms

Information about 4211 Cedar Spring Rd

  • Location: 4211 Cedar Springs Rd, Dallas, TX, 75219
  • Starting cost: From $195 per month
  • Opening hours: Private Office and Dedicated Desk access is 24/7 access; Memberships access during reception hours
  • Nearby transport links: Cedar Springs @ Douglas - N Bus Stop (a two-minute walk away)

7. The Crescent

The Crescent is a tall limestone building, with a fashionable interior. Neighbors in this building include several private equity firms, offering networking opportunities for financial businesses.

This office is conveniently located close to numerous eateries, hotels, and entertainment attractions. It’s also close to Dallas Love Field Airport and well-connected across the city via train and bus, offering easy transportation.

Highlights include

  • Sandwich service
  • Secure underground parking
  • On-site lunch restaurant

Information about The Crescent

  • Location: 100 Crescent Court, Dallas, TX, 75201
  • Starting cost: From $425 per month
  • Opening hours: Private Office and Dedicated Desk access is 24/7 access; Memberships access during reception hours
  • Nearby transport links: McKinney @ Maple - S - NS Tram Stop (a one-minute walk away) and Pearl @ Cedar Springs - W Bus Stop (a two-minute walk away)

8. 2550 Pacific Avenue

2550 Pacific Avenue is a creative workspace located in the entertainment district of Old East Dallas. The office is surrounded by music venues and art spaces, making it perfect for socializing after hours.

Financial businesses can benefit from this shared office space in Dallas’ entertainment center, while still being close to the city’s financial center.

Highlights include

  • Collaborative break-out areas
  • Elevator
  • On-site parking

Information about 2550 Pacific Avenue

  • Location: 2550 Pacific Avenue, Dallas, TX, 75226
  • Starting cost: From $195 per month
  • Opening hours: Private Office and Dedicated Desk access is 24/7 access; Memberships access during reception hours
  • Nearby transport links: Gaston @ Good Latimer - N Bus Stop (a two-minute walk away) and Downtown Dallas / Deep Ellum Bus Stop (a two-minute walk away)

9. Republic Center

Republic Center is located in the iconic Republic Tower, which also houses businesses such as Exxon Mobil and JC Penney.

The 35-story skyscraper has impressive views across the Dallas skyline. Office amenities include a business lounge and an on-site restaurant to relax in between meetings.

Highlights include

  • Business lounge
  • On-site lunch restaurant
  • Secure underground parking

Information about Republic Center

  • Location: 325 N. St. Paul Street, Dallas, TX, 75201
  • Starting cost: From $195 per month
  • Opening hours: Private Office and Dedicated Desk access is 24/7 access; Memberships access during reception hours
  • Nearby transport links: St Paul @ Pacific - S Bus Stop (a three-minute walk away) and Ervay @ Pacific - N Bus Stop (a three-minute walk away)

10. Highland Park Place

Highland Park Place offers panoramic views from the office’s high-rise location. Located in the historic Knox Park area of Dallas, this office space has a diverse range of businesses, including financial services.

The 18-story building is surrounded by many restaurants and shopping attractions to enjoy when taking a break from the office.

Highlights include

  • Business Lounge
  • Vending machines
  • On-site sandwich/coffee bar

Information about Highland Park Place

  • Location: 4514 Cole Avenue, Dallas, TX, 75205
  • Starting cost: From $275 per person per month
  • Opening hours: Private Office and Dedicated Desk access is 24/7 access; Memberships access during reception hours
  • Nearby transport links: Cole @ Armstrong - S Bus Stop (a one-minute walk away) and Mckinney @ Knox - N Bus Stop (a two-minute walk away)

11. Mockingbird Towers

Mockingbird Towers has bright design features with break-out areas and a business lounge to inspire workflow.

The site has dedicated parking and regular public transport to the city center, as well as being just a seven-minute drive from Dallas Love Field airport.

Highlights include

  • Fully equipped meeting rooms
  • Business lounge
  • On-site parking

Information about Mockingbird Towers

  • Location: 1341 W. Mockingbird Lane, Dallas, TX, 75247
  • Starting cost: From $169 per month
  • Opening hours: Private Office and Dedicated Desk access is 24/7 access; Memberships access during reception hours
  • Nearby transport links: Mockingbird @ Elmbrook - W Bus Stop (a three-minute walk away) and Brookriver @ Hollow Brook - N Bus Stop (a three-minute walk away)

Explore Dallas coworking offices with Regus

If you’re looking for a coworking office in Dallas, Regus can help. Contact one of our experts to explore flexible coworking options to suit any kind of financial business.

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