Weitzman: Dallas-Fort Worth doubling retail spaceWeitzman: Dallas-Fort Worth doubling retail spacehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=1872015-08-10T14:07:00Z2015-08-10T09:30:00Z

DALLAS-FORT WORTH - This year more than 3.8 million sf of new retail space is in the pipeline for North Texas, almost double the construction volume last year.

It is the best retail building total for the DFW area since 2008, according to the latest survey from The Weitzman Group.

The number of empty storefronts in the Dallas-Fort Worth area has dropped to the lowest level in 15 years.

By mid-year, Dallas-Fort Worth's retail space had an occupancy rate of 91 percent, which brings the North Texas closer to the region's highest occupancy rate in history for retail space of 92 percent, which was recorded in 2000.

The new construction in Dallas-Fort Worth is significantly leased with the majority of retailers being anchor tenants (such as grocery stores or retail giants like Nebraska Furniture Mart) or junior anchor tenants.

As in the past five years, grocery stores — Kroger, Sprouts, Whole Foods, Fresh Market, WinCo Foods and Walmart — are still the driving force behind a significant amount of the new construction of retail space.

The biggest new retail projects in North Texas include the Nebraska Furniture Mart building in the Colony and the West Plano Village shopping center on the Dallas North Tollway in West Plano.

Be sure to link Dallas-Fort Worth-Arlington NewsTalk and Dallas-Fort Worth-Arlington Market Research to your own website or blog.

Dallas Business Journal
Dallas-Fort Worth-Arlington
http://www.bizjournals.com/dallas/news/2015/07/10/report-dallas-fort-worths-retail-construction.htmlRead more at {Source}

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