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CBRE: DFW retail market view 3Q 2014CBRE: DFW retail market view 3Q 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28182014-10-10T14:40:00Z2014-10-10T06:00:00Z

DALLAS-FORT WORTH - The Dallas/Fort Worth economy has sustained strong economic conditions and continues as a popular location for retailers and businesses alike, according to CBRE’s 3Q 2014 Retail Marketview.

The total net absorption of 802,937 sf was a decrease of 355,369 sf from 2Q 2014. Overall, net absorption is still up for the year and has surpassed the 2013 total.

Delivered construction increased 318,501 sf over 2Q 2014 to 659,033 sf, almost double the amount delivered in 2Q 2014.

With Class A big box space in high demand, the market can expect to see more high-quality spaces entering the pipeline in 2014 and beyond, as well as the redevelopment of older and outdated properties.

Below are the five submarkets in DFW with the lowest vacancy rates.

DFW Market Snapshot by Vacancy
Market Net
Rentable SF
Total
Vacant SF
Total
Vacant
Avg.
Asking
Rent
2014 YTD
Total Net
Absorption
East Dallas Outlying 3,503,104 148,335 4.2% $19.80 -15,210
Central Dallas 9,106,345 398,071 4.4% $19.94 54,406
Near North Dallas 21,084,243 1,289,007 6.1% $14.60 48,759
Mid-Cities (Fort Worth) 50,036,310 3,393,793 6.8% $13.55 789,934
North Central Dallas 30,244,311 2,165,516 7.2% $15.24 145,412
Total Dallas 178,202,213 14,298,593 8.0% $14.53 1,663,007
Total Fort Worth 95,225,567 7,111,601 7.5% $12.45 1,454,350
TOTAL DFW 273,427,780 21,410,194 7.8% $13.81 3,122,506


Source: CBRE Research

See CBRE's Retail Report.

For more information on retail and other sectors, see DFW Market Data Sources.

CBRE
Dallas-Fort Worth-Arlington
Retail
http://www.cbre.us/research/pages/local-reports.aspxRead more at {Source}

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