Growth in Frisco expected to continue

Construction equipment can be seen throughout Frisco as the city continues to grow with new homes and businesses being built throughout the area.

Jay Schlaegel

Construction equipment can be seen throughout Frisco as the city continues to grow with new homes and businesses being built throughout the area.

Haley Flores, Guest Contributor

The continuing growth of Frisco can be seen throughout the city. From the $5 billion mile to the expansion of the Frisco ISD, open lots are slowly starting to fill up.

“I’ve been in Frisco now for 20 years, and during that time real estate has continued to go up in cost and it hasn’t slowed Frisco down,” Frisco Economic Development Corp. President Jim Gandy said to Frisco Community Impact.

Frisco and parts of Plano are high in demand for real estate with office space increasing yearly.

“The Dallas-Fort Worth market is one of the top five healthiest markers for commercial real estate in the country,” Henry S. Miller Brokerage’s Jim Breitenfeld said to Frisco Community Impact.

With plenty of open land still available, the growth is expected to continue.

“We are definitely in a boom right now and we don’t see that stopping,” associate vice president for TIG Real Estate Services’ Kristin Grammar said in Community Impact.

The average pre-existing home price in Frisco has risen to $381,952 and that may not fall in the near future.

“What we have seen is the push on prices on land and lots to record highs, and we’re seeing new developments that are being pushed out there,” Principal at Residential Strategies Ted Wilson said in Frisco Community Impact. “Then you have homebuilders saying they would like to be in Frisco because it’s such a good market, but not every deal is getting pursued the same way as it was several years ago. This doesn’t mean there aren’t any deals being made, but it’s pushing the envelope right now with respect to prices.”