Nov 30, 2015
CBRE: 3Q 2015 DFW Retail Marketview
DALLAS-FORT WORTH - Year-to-date net absorption totals nearly 5 million sf, officially reaching a seven-year high in the market, according to CBRE’s 3Q 2015 Retail Marketview report. The occupancy rate corrected...
DALLAS-FORT WORTH – Year-to-date net absorption totals nearly 5 million sf, officially reaching a seven-year high in the market, according to CBRE’s 3Q 2015 Retail Marketview report.
The occupancy rate corrected over the quarter as new product delivered during the seasonally slow period.
Triple-net rents averaged $14.17 per sf in 3Q 2015, up $0.20 per sf.
Continuing into 2015-2016, the DFW retail market is forecasted to have more new product deliver to meet tenant demand.
In 3Q 2015 over 800,000 sf of new construction was delivered, bringing the year-to-date total to over 2.6 million sf.
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