North Dallas Multifamily Market Ripe for Continued Growth

 In BLOG

In sharp contrast from the area’s previously dominant single-family housing market, the suburbs of northern Dallas – including Plano, Frisco, Allen, McKinney and Richardson – have developed into burgeoning multifamily markets with more than 15,000 units currently under construction or in lease up. Many of the cities are actually promoting high-density apartment communities and experts are not worried one bit about filling the units. With approximately 34,000 new jobs populating the areas from companies like State Farm, JP Morgan Chase, Liberty Mutual, Toyota and more, experts state that the northern Dallas markets are some of the most attractive areas in the metroplex. Some traits they attribute to the desirability include job growth, excellent school districts, affluent demographic, accessibility and more.

Do you think the growth will be curtailed soon? Or will the momentum continue through the end of the year and beyond?

For more on this growing commercial real estate market in northern DFW, read here.

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