Retail occupancy rate hits all-time high: 94.6 percent

DALLAS-FORT WORTH – CBRE has released its DFW Retail MarketView Second Quarter 2017 report.

Within Dallas-Fort Worth’s tightening retail market, strong net absorption and deliveries pushed occupancy rates to new highs.

In fact, occupancy hit a new all-time high reaching 94.6 percent.

The prevalence of steadying rent and long-term lease signings ensure space will remain filled, and availability taken off the market quickly.

Just a few of the new projects to come online in DFW in 2Q 2017 include:

• a 182,000-sf big box grocer coming online in Anna;
• Costco opening their doors to customers off of Route 75 in Dallas; and
• a new Kroger off Basswood Blvd. in Fort Worth 

On June 2, Plano’s Legacy West celebrated its grand opening with food, live music, and sales.

Within the 360,000-sf project are familiar names such as Tesla, Shake Shack, Coach, Taverna, and Fabletic’s first Texas location.

Check outCBRE’s Dallas website for more.