|CBRE: DFW retail absorption reigns supreme 4Q2015||CBRE: DFW retail absorption reigns supreme 4Q2015||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=11953||2016-02-03T06:00:00Z|
DALLAS-FORT WORTH - Overall, single digit vacancy has remained the norm for the last five years, along with yearly increases in total absorption and a healthy construction pipeline, according to CBRE’s 4Q2015 Retail MarketView report.
The occupancy rate rebounded in fourth quarter 2015 closing out at 92.9 percent, a 20 bps increase from 3Q2015 and increased 70 bps from 4Q2014.
The vacancy rate decreased 20 bps to 7.1 percent from 3Q2015 and decreased 70 bps from 4Q2014.
In 4Q2015, absorption totaled over 1.7 million sf, with well over half (67.3 percent) of the absorption attributed to deliveries. The overall yearly net absorption totals over 6.7 million sf, a seven-year high in the market.
Almost 1.2 million sf of new construction was delivered in 4Q2015, bringing the grand total to nearly 3.9 million sf.
|CBRE||Dallas-Fort Worth-Arlington||Retail|| http://www.cbre.us/research/Pages/local-reports.aspx|
Click to see the full CBRE DFW Retail MarketView 4Q2015 (PDF).