Retailers, investors interested in DFW

​​DALLAS – According to a Marcus & Millichap forecast, local retail vacancy will fall to a historic​ low this year as developers struggle to keep pace with demand.

While developers delivered over 5.3 million sf of retail space last year, DFW deliveries are expected to taper in 2018 to 3.7 million sf.

Demand will outstrip supply this year as over 4.3 million sf of space is absorbed​​​​. Vacancy could drop 20 basis points to 4.9 percent. 

Marcus & Millichap expects average asking rent to grow 2.2 percent in 2018 to $16.73 per sf. In 2017, rents grew 5.3 percent. 

Area employers could create 80,000 jobs this year, matching last year’s 2.2 percent growth.