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Oil centers such as Odessa and Midland, TX are still at the top of the list with the highest rent rebounds during the year, at 35% and 31.4% respectively.
As North Texas explodes with new development and continued growth, Allen has the foundation in place to potentially emerge as a new submarket, similar to the CBD, Uptown and Richardson-Plano.
The strong leasing activity from smaller life-sciences firms is a product of a healthy biotech community that is highly entrepreneurial, JLL's Grant Schoneman tells GlobeSt.com.