|Weitzman/Cencor: 2016 DFW retail survey||Weitzman/Cencor: 2016 DFW retail survey||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=11756||2016-01-19T06:00:00Z||2016-01-19T20:00:00Z|
DALLAS-FORT WORTH - DFW’s retail market ended 2015 with 91.6 percent occupancy, an increase of more than 1 percent over year-end 2014’s 90.5 percent occupancy rate. The 1.1 percent improvement represents a reduction in market wide vacant space of approximately 1.8 million sf.
Weitzman's 2016 Shopping Center Survey & Forecast also covers Austin, Houston and San Antonio markets.
This past calendar year marks only the third time in the past decade that the market breached the important 90-percent threshold. It also marks the highest overall market occupancy in 31 years. The 91.6 percent rate is second only to 1984.
The DFW occupancy rate is based on a total market inventory of 193,016,108 sf of retail space in shopping centers with 25,000 sf or more — the largest retail inventory for any metro area in Texas.
Weitzman/Cencor surveys 1,383 centers in 42 submarkets, of which 30 submarkets are in the Dallas-area market, and 12 submarkets are in the Fort Worth-area market.
For year-end 2015, the occupancy rate in the Dallas area was 91.2 percent, a notable improvement over year-end 2014’s already healthy 90.2 percent. The rate is based on total market inventory of 134.7 million sf in the Dallas area.
The occupancy rate in the Fort Worth area was even better: 92.4 percent, compared to 91.4 percent at year-end 2014. The rate is based on a total inventory of 58.3 million sf.
Click to see the full 2016 Shopping Center Survey & Forecast (PDF).
|Weitzman Cencor||Dallas-Fort Worth-Arlington||Retail|| https://assets.recenter.tamu.edu/documents/mktresearch/WeitzmanCencorRetailSurveyForecast_2015.pdf|
See DFW's Retail Market Research to see more reports.