DFW Retail Inventory Targets 200M SF

New anchor WinCo Foods opened this year, which replaced a vacant Target in Carrollton.

DALLAS—The DFW retail market as of mid-year 2018 has been able to maintain steady occupancy in the face of major store closings because the closures are being largely offset by pre-leased new construction and the backfilling of large vacancies. At mid-year, the occupancy rate was 92.5%, a slight increase from year-end 2017’s 92.4% occupancy, according to a recent report by Weitzman.

The occupancy rate is one of the market’s highest in more than three decades, second only to the 92.7% occupancy DFW reported at year-end 2016. The mid-year 2018 occupancy rate is based on Weitzman’s review of a total DFW retail market inventory of 198.1 million square feet in projects with 25,000 square feet or more, the largest retail inventory in any Texas metro area.