|Retail occupancy rate hits all-time high: 94.6 percent||Retail occupancy rate hits all-time high: 94.6 percent||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=17006||2017-07-05T05:00:00Z||2017-07-05T22:00:00Z|
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 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.