JLL: The Growth and Transformation of Allen

The growth and transformation of Allen

“Despite the ups and downs of the national economy, the Dallas-Fort Worth metroplex expands.  I find it hard to believe that at the beginning of the tech boom in the 1990s, our job base totaled 2.6 million versus 3.7 million today.  At that time, our telecom corridor was rapidly expanding and Legacy was in its toddler years. Those 1.1 million new jobs fueled the expansion and creation of many business hubs.

As we look around DFW today, new development continues to flow into established areas to accommodate our growth. Other areas, however, are also emerging as potential new submarkets.  One of those is Allen. Currently, Allen and McKinney are included in the broader Richardson – Plano submarket.  Although that combination makes sense today, it probably doesn’t in the not too distant future.

Of all the next tier suburbs in the path of development, Allen looks to be positioned for transformative growth.  Currently, the Allen corridor has about 3 million square feet of office space.  All of that is located along a two mile stretch between Bethany Drive and Exchange Parkway.”

Read more at JLL’s Sixty by Eighty Blog