DFW midyear 2014 retail report: WeitzmanDFW midyear 2014 retail report: Weitzmanhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=35082014-07-29T15:10:00Z2014-07-29T00:00:00Z

DALLAS-FORT WORTH - The Weitzman Group and Cencor Realty Services have released their midyear retail report highlighting DFW’s 90.5 percent occupancy rate.

The occupancy rate is a notable improvement compared with midyear 2013, when the market reported 89.3 percent.

In terms of construction, grocery stores dominate new projects. Only a few projects have non-grocery anchors. Approximately 40 new traditional and specialty grocery store locations are opening in 2014 and 2015 across the Metroplex.

The new space in the market is opening basically fully leased. Based on projects opening or scheduled for completion by year-end, the DFW retail market is on track to add approximately 1.9 million sf of new retail space during 2014.

That job and population growth has captured the attention of retailers, restaurants, service merchants and medical users. As a result, the majority of Class A retail centers have occupancies in the 95 percent or better range.

Read more at The Weitzman Group and Cencor Realty Services.

The Weitzman Group and Cencor Realty Services
Dallas-Fort Worth-Arlington
http://www.weitzmangroup.com/press_reports/d-fw-retail-market-maintains-occupancy-gainsRead more at {Source}

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