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With residential rent growth at 6% and occupancy at 96%, North Texas apartment construction remains better than good. We know trendy areas like Uptown are commodities for young transplants, but research from Axiometrics shows that pretty much everywhere else in the Dallas area can hold its own in occupancy and new builds. These 10 areas of town are the most popular kids at the apartment party. Q1 2016 to Q1 2017, these ‘burbs and areas of town will deliver the following apartment units.
Oak Lawn: 8,537 units
No one is surprised this area, which encompasses Uptown, tops the list. Residences like One Uptown (which topped out last week) deliver high on experience. Long live mixed-use!
Plano/Allen/McKinney: 5,949 units
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The cool kids really are moving to the ‘burbs thanks to residences like Junction 15 Apartments, pictured. Collin County has dining, shopping and oh so many jobs.
Richardson: 4,712 units
The University of Texas at Dallas might be the culprit behind these units, but then again, it could be the job-rich Telecom Corridor that has apartment dwellers flocking to this city.
North White Rock: 4,045 units
Developers are banking on the awesome dog park on the north side of White Rock Lake to draw in over 4,000 new residents. OK, the great schools, central location and distinct cultural vibe might play a role.
North Irving: 8,537 units
Faster commute to the DFW Airport, am I right? Oh and some of the best golf courses in the Metroplex.
Denton County: 3,647 units
Good music, old town charm and a reputable college keep the young and not-so-young hanging around the Little D.
East Dallas: 2,939 units
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No one thinks higher of East Dallasites than East Dallasites. If you’re lucky enough to get admitted to this elite club (like the newbies moving to these new townhomes at The Quarter), don’t ever leave.
North Dallas: 2,916 units
North Dallas’ reputation as sleepy may be misjudged (it’s not; our DFW reporter lives here), but you can get anywhere in the Metroplex in 25 minutes—without traffic, that is.
Lewisville: 2,513 units
Lewisville masters the “close, but not too close” criteria perfectly. Close to stuff for the young 'uns like colleges and bars, but in a great school district and proximate to all the highways for commuters.
