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With Population Showing No Signs of Easing, Retail Maintains its Strength

With this increasing population explosion, investors continue to flock to the metro, with the Towne North shopping center in Irving being the latest example, selling for $17 million to a private investor.

Towne North Towne North is 124,000 square feet and 84% leased, anchored by a 55,000-square-foot El Rancho.

IRVING, TX—The DFW economy had another strong quarter, marked by more payroll expansion in both sides of the metro. Unemployment dropped to 3%, the lowest level recorded in DFW since 1999, according to a second quarter retail report by CBRE.

DFW gained approximately 132,000 new residents from 2017 to 2018, more than any other US metro area, according to new data from the US Census Bureau. A strong business environment along with affordable housing and good public schools has contributed to DFW’s population boom, helping it become the fourth most populous US metro area and home to more than 7.5 million people.

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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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