|Marcus & Millichap: DFW retail buyer pool stimulated 3Q 2016||Marcus & Millichap: DFW retail buyer pool stimulated 3Q 2016||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=14798||2016-10-10T05:00:00Z||2016-10-10T18:45:00Z|
DALLAS-FORT WORTH - Job and population growth over the past few years have sustained a positive economic outlook and spurred several large retail projects throughout the region as merchants’ interest to locate here remains robust, according to Marcus & Millichap’s Retail Market Report.
As a result, tenant demand for space has been strong, with vacancy on a downward spiral—the rate retreated below 6 percent in the second quarter, the lowest level in the last decade.
Tight conditions are encouraging steady rent gains and the average asking rent grew 2.3 percent over the last four quarters to $14.78 per sf.
A healthy balance of investment opportunities is stimulating the buyer pool; heightened investor demand has been met with a greater number of retail listings as current owners seek to capitalize on market conditions.
|Marcus ＆ Millichap Real Estate Investment Services||Dallas-Fort Worth-Arlington||Retail|| http://www.marcusmillichap.com/research|
Click to see Marcus & Millichap's full Retail Market Report 3Q 2016 (PDF).