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Retail occupancy rate hits all-time high: 94.6 percentRetail occupancy rate hits all-time high: 94.6 percenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=170062017-07-05T05:00:00Z2017-07-05T22:00:00Z

​​​CBRE DFW Retail Market Data 2Q 2017DALLAS-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 out CBRE's Dallas website for more.

CBRE
Dallas-Fort Worth-Arlington
Retail
https://assets.recenter.tamu.edu/Documents/MktResearch/DFW_CBRE_Retail_MarketView.pdf

​Sources: CBRE's DFW Retail MarketView 2Q 2017 report;
CBRE's DFW Industrial and Office MarketView 2Q 2017 reports.
DFW's Retail Market Research.

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