Killeen, Texas is rapidly becoming one of the nation’s fastest growing cities, positioning it as a prime city for business growth. Known historically as a military town due to its proximity to Fort Cavazos (formerly Fort Hood), Killeen is now on a trajectory that expands outside of its roots. With steady population increases, a thriving local economy, and new infrastructure developments, this Central Texas city offers business owners seeking ripe opportunities a compelling case. Here’s how Killeen’s growth is redefining business opportunities, and why now is the perfect time to invest in this dynamic market.
Killeen’s Population Growth: A Booming City
In recent years, Killeen has seen significant population growth, making it one of Texas’s — and the nation’s — fastest-expanding cities. According to the U.S. Census Bureau, Killeen’s population was approximately 156,000 in 2020, nearly a 20% increase from 2010. Today, estimates suggest the city has grown even further in the past few years, exceeding the 160,000 mark.
What’s driving this growth? Central Texas’s appeal as a region with affordable living, ample job opportunities, and a desirable location between Austin and Dallas-Fort Worth plays a significant role. Fort Cavazos also continues to bring in active-duty personnel and their families, bolstering the local population and economy.
This consistent growth creates a strong demand for commercial properties, making it an ideal market for entrepreneurs and established businesses to thrive.
Economic Expansion: Opportunities Abound
Killeen’s economy is evolving. While the city has long been associated with the military, it now boasts a more diversified economic base. Small businesses, healthcare, education, and retail are all growing sectors in the area.
The Greater Killeen Chamber of Commerce reports that local development projects are on the rise, from revitalizing downtown to expanding the city’s transportation network. The Killeen-Fort Cavazos Regional Airport plays a pivotal role, connecting the city to broader markets and encouraging business growth.
For business owners, this expansion translates into opportunities to tap into a larger, more dynamic customer base. Whether you’re looking to open a retail location, establish office space, or invest in property. Killeen provides a fertile ground for growth.
Future Projections: A City on the Rise
Killeen’s future is bright. According to projections by the Texas Demographic Center, Central Texas is expected to grow by nearly 40% by 2050, with cities like Killeen leading the charge.
Infrastructure investments are another promising indicator. The city is working on several key projects, including road expansions, downtown redevelopment, and increased public services — all designed to support its growing population.
These developments are not only making Killeen more livable but also more attractive to businesses looking to relocate or expand.
Why Killeen is the Right Move for Your Business
Here’s why business owners should take note of Killeen:
- Strategic Location: Situated along the I-35 corridor, Killeen offers easy access to major cities like Austin, Dallas, and San Antonio.
- Growing Workforce: A steady influx of residents means an expanding talent pool for businesses.
- Affordability: Compared to other major cities, Killeen offers lower costs for both residential and commercial properties, making it a smart financial choice.
- Community Support: Organizations like the Greater Killeen Chamber of Commerce are dedicated to fostering business success through networking, resources, and advocacy.
Workspace USA: Redefining Commercial Real Estate in Killeen
Killeen’s growth story is one of opportunity and transformation. If you’re considering a business move to Killeen, the timing couldn’t be better. Workspace USA is at the forefront of supporting this growth by offering state-of-the-art commercial buildings designed to meet the needs of today’s business owners. We’re proud to be part of Killeen’s evolution through our premium commercial spaces that will help business owners turn their visions into reality.
Following the successful build-out of our Georgetown, Texas phase, we’re excited to launch new opportunities in Killeen. Our properties combine modern amenities, strategic locations, and flexible layouts, making them ideal for businesses looking to establish a strong presence in the region. Contact us to learn more about our available properties in Killeen.