Dallas Retail Building Hits Seven-Year High

DALLAS—In contrast to the previous building boom, which coincided with the onset of the recession, much of this year's new space is coming on line already leased, says the Weitzman Group.

By Paul Bubny | Updated on July 13, 2015

DALLAS—With retail occupancy across the Dallas-Fort Worth Metroplex experiencing its strongest occupancy levels in 15 years, the region is also seeing more retail construction than it has in nearly a decade. That’s the top-line assessment from the Weitzman Group, which reports that the majority of the space coming on line this year is already leased.

For calendar year 2015, space in both new and expanded projects is on track to total 3,830,000 square feet. That’s nearly double the two million square feet that came on line in calendar 2014, says the Weitzman Group.

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