CoStar: DFW retail construction 3Q 2014

DALLAS-FORT WORTH - During third quarter 2014, 29 buildings totaling 576,007 sf were completed in the DFW retail market. Over the past four quarters, 2,769,129 sf of retail space has been built.

There was 4,059,413 sf of retail space under construction at the end of 3Q 2014.

Some of the notable 2014 deliveries include:

• 8900 Tehama Ridge Pkwy., a 153,847-sf facility that delivered in 2Q 2014 and is now 100 percent occupied, and
• 600 N. Burleson Blvd., a 136,000-sf building that delivered in 3Q 2014 and is now 100 percent occupied.

Total retail inventory in the Dallas-Fort Worth market area amounted to 386,412,942 sf in 27,414 buildings and 3,696 centers as of the end of the 3Q 2014.

This trend is compared to U.S. National Retail deliveries and construction, which saw 542 buildings totaling 13.9 million sf complete construction, with an additional 53.3 million sf of retail space still under construction at the end of 3Q 2014.

Read more at CoStar Group.
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