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Legacy West apartments average $1,845 a month, a 9% premium over comparable Dallas properties that's smaller than any other demand pocket RealPage tracks, yet the submarket needs the fewest concessions to stay leased.
The pocket posted 95.5% occupancy in the second quarter, two points above the Dallas metro average, anchored by roughly 12,000 corporate jobs from employers including Toyota, JPMorgan Chase, and Frito-Lay.
Because Legacy West's strength rests on continued corporate expansion rather than a larger price premium, its durability depends on employers in the Plano-Frisco corridor keeping up their hiring pace.
Apartments in Legacy West command the smallest rent premium of any demand pocket in the Dallas metro, yet the submarket needs fewer concessions to stay full than any of its peers, according to RealPage. The corporate-anchored district straddling the Plano-Frisco border averaged $1,845 in effective rent in the second quarter, a 9% premium over comparable metro properties. That's the smallest premium among the demand pockets RealPage tracks across Dallas, even though Legacy West's occupancy and leasing strength outperform them.
#legacy #dallas #demand
Legacy West apartments average $1,845 a month, a 9% premium over comparable Dallas properties that's smaller than any other demand pocket RealPage tracks, yet the submarket needs the fewest concessions to stay leased.
The pocket posted 95.5% occupancy in the second quarter, two points above the Dallas metro average, anchored by roughly 12,000 corporate jobs from employers including Toyota, JPMorgan Chase, and Frito-Lay.
Because Legacy West's strength rests on continued corporate expansion rather than a larger price premium, its durability depends on employers in the Plano-Frisco corridor keeping up their hiring pace.
Apartments in Legacy West command the smallest rent premium of any demand pocket in the Dallas metro, yet the submarket needs fewer concessions to stay full than any of its peers, according to RealPage. The corporate-anchored district straddling the Plano-Frisco border averaged $1,845 in effective rent in the second quarter, a 9% premium over comparable metro properties. That's the smallest premium among the demand pockets RealPage tracks across Dallas, even though Legacy West's occupancy and leasing strength outperform them.
#legacy #dallas #demand
2 months ago
