Weitzman: DFW retail occupancy, construction on the riseWeitzman: DFW retail occupancy, construction on the risehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=63962013-09-09T07:59:00Z2013-09-09T06:45:00Z

DALLAS-FORT WORTH - The DFW retail market reached an occupancy rate of 89.3 percent as of 2Q 2013 — a slight improvement over the rate reported at year-end 2012 and the strongest occupancy level since the pre-recession year of 2007, according to The Weitzman Group and Cencor Realty Services.

The rate is based on an inventory of approximately 186 million sf of retail space in shopping centers with 25,000 sf or more — one of the largest retail inventories in the country.

Based on projects either opening or set to open during 2013, the market is on track to see new construction of more than 1.5 million sf, compared to new space totaling just under 1.2 million sf in 2012.

The DFW retail market activity, especially retail leasing demand and store growth, is boosted by the area’s economy, which ranks as one of the strongest metro economies in the country.

Source: The Weitzman Group and Cencor Realty Services

Check out similar reports on Dallas' retail real estate at the Real Estate Center’s new Market Data Sources.

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Dallas-Fort Worth-Arlington
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