Techniques for localized dynamic channel allocation help meet the challenges of latency, memory size, and channel time optimization for wireless communication systems. As examples, advanced communication standards, such as the WiGig standard, may support wireless docking station capability and wireless streaming of high definition video content between transmitting and receiving stations, or engage in other very high throughput tasks. The techniques help to deliver the desired user experience in such an environment and support desired performance levels for latency and throughput while controlling memory footprint.