Dallas-Ft. Worth Retail Makes Best Showing in 15 Years

DALLAS-Texas retail has grabbed the brass ring and it’s not letting go. Retail has spiked to its highest level in 15 years, with new multi-tenant construction tallying 8.7 million sf in the latest yearend market report.

Dallas-based Weitzman Group puts overall occupancy at 90.6% for a market inventory of more than 133.2 million sf for an area where one of the favorite pastimes is shopping. The record-setting year is mortared by 102,000 new jobs and some 95,000 new residents. Add that to the 80,000 existing home sales and 33,000 single-family housing starts and you have a region reaping the bounty from of one of the most vibrant retail real estate markets in the US, says Weitzman.

The DFW region seemingly has the balancing act between supply and demand under control, says Weitzman’s research team. The bottom line is that the DFW markets aren’t likely to get hit in the pocketbook nearly as hard as the rest of the nation in this year’s slowdown, they say.