IRR: Dallas retail viewpoint 2015IRR: Dallas retail viewpoint 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=10262015-05-14T14:45:00Z2015-05-14T00:00:00Z

DALLAS - The Dallas retail market continues to improve and is in the third stage of recovery within the market cycle, according to IRR's latest viewpoint.

Strong population growth within the region, low unemployment and expanding business within several key industry sectors has created a favorable climate for retail.

Overall vacancy rates decreased over 2014 and this trend should continue throughout 2015.

Rental rates for mall, community and neighborhood retail have increased consistently over the past two years and 2015 should see a continued increase in rate.

Both cap rates and discount rates have remained steady from mid-year 2014 and will likely stay relatively flat through the first part of 2015.

Given continued increases in occupancy, new construction and rental rates, the Dallas retail market should continue to recover and expand in 2015.

Dallas Retail 2015
Categories Regional
Going in cap rates 6.5% 6.8% 7.0%
Market rent ($/sf) $22 $23 $15
Vacancy rate 5.0% 3.2% 10.2%

Save time, click here for Integra Retail 2015 Viewpoint Report.

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