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Apartment Development Shifts North of Dallas
"Sure, lots of young folks are heading to Dallas' downtown and Uptown neighborhoods," writes Steve Brown. "But many, many more are moving to the northern 'burbs where most of the new jobs are."
"Out of the more than 32,000 apartments being built in North Texas, the largest share — more than 13,000 units — are going up in Dallas' northern suburbs."
That development is occurring in cities like Plano and Frisco, closer to quickly growing employment centers like the Telecom Corridor.
Still, rental construction in the Central Dallas area compares well to any one suburban area. "During the last six years, more than 13,000 apartments have been built in Dallas' Uptown district, in downtown Dallas and other nearby neighborhoods," according to Brown. Central Dallas also had the larger amount of rental units in the pipeline at the end of the quarter, just outpacing Frisco.