July 10, 2023

Expansion projects are growing — not just in quantity but in size, too. A record-breaking number of megaprojects were announced in the U.S. in recent years, and the need for sufficient acreage and infrastructure is only projected to continue to increase in years to come.  

Companies considering an expansion have their pick of options in Temple. Here, existing facilities, shovel-ready sites and Class A office space are all readily available. The city currently has nearly 1,600 acres of land that has been cleared for development.  

Whether a business is seeking a small office or acres of land for a grand-scale industrial or commercial development project, Central Texas takes the limits off. Read on to learn how Temple’s real estate market plays a pivotal role in the growth of the region.  

The rise of Temple’s real estate market 

Temple boasts an abundance of space for businesses of every variety, fostered by Texas’ overwhelmingly positive business environment. As of 2023, the state ranked No. 1 for business for 19 straight years according to Chief Executive Magazine, and it comes in at No. 9 in the U.S. for its site readiness programs based on Area Development rankings.  

In 2020, Temple City Council unanimously agreed to Temple Economic Development Corporation’s purchase of 147 acres of land north of the city at the Temple Industrial Park. The site is well-supplied with water, sewer and railroad access. This creates a readymade landing pad for largescale expansions from logistics & distribution to advanced manufacturing.  

Recent Temple project expansions   

In the past year alone, Temple saw $1.2 billion in capital investment driven by businesses of every size and industry. These projects continue to increase the city’s tax base and employment opportunities, strengthening the economy and local communities.  

  • H-E-B – The grocer expanded its footprint north of the city with a 325,000 square foot addition to accommodate its new automated frozen food distribution line.  
  • FedEx Ground – Temple Industrial Park is a development-ready site located in the northern part of the city. It has hundreds of acres of available land zoned for light industrial business. In 2022, FedEx built a 250,000 square foot distribution center here across 52-acres of land, an investment of more than $40 million.  

Temple’s central Texas location and access to the H.K. Dodgen Loop also help facilitate logistics with suppliers across the city and state. 

The growth of Temple 

Along with Temple’s expanding companies and growing job opportunities has been a 9.5% increase in population between 2017 and 2022. Now home to a population of more than 87,000, the city continues to reinvest added tax revenue into revitalization projects that boost the city’s livability. 

The city’s recent business expansions have also allowed Temple to better plan for future development projects. A comprehensive plan was created in 2020 to proactively guide Temple’s growth, and the city has a projected $521 million in cumulative revenue (property and sales tax) over the next twenty-plus years from anticipated gains.  

Temple’s real estate is readymade for business — boasted by acres of land, developed infrastructure, and strategic plans for investments. Read more about available sites in Central Texas and contact us to learn how your company can expand in Temple.