Northeast Dallas has averaged 4.6 percent Class A rent growth in 4Q19 and is projected to see up to 4.7 percent overall rent growth in 2020.
Demand is outpacing supply in Northeast Dallas; there are zero properties under construction nearby.
The property’s prime location positions residents within minutes of the city’s major entertainment and retail drivers – Preston Hollow Village, Lake Highlands Town Center, NorthPark Mall, and Shops at Park Lane.
The property is surrounded by the city’s most affluent and sought-after neighborhoods – average home values exceed $900k within a three-mile radius.
Hanover Midtown Park has averaged 22 leases per month in the trailing 12 months, proving strong demand for this superior product.