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How Far North Can Retail Go?

DALLAS—The job additions and low cost of living have given way to a population with a greater amount of disposable income, and retail is expected to follow rooftops, says JLL in this EXCLUSIVE.

Custer and 121 Custer and 121, a 45-acre power center in Allen is being developed by RPS Development.

DALLAS—With RECON set to take place next week in Las Vegas, retail is a fitting focus, especially when Dallas­Fort Worth has had more than its share of growth during the past several years. In fact, the population has increased by nearly 700,000 since 2010 and is projected to increase by another 2 million from 2016 to 2030, according to JLL research. And, 119,000 jobs were added in DFW in 2016 alone.

The job additions and low cost of living have given way to a population with a greater amount of disposable income. As these new jobs and people continue to move to DFW, retail is expected to follow rooftops, so goes the familiar adage.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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