Dallas-Fort Worth Retail Market Hits Record High
Some are calling today’s retail sector the “best in history,” as reported by The Dallas Business Journal. Occupancy for retail real estate in DFW today sits at 92.6 percent, surpassing the previous record set more than three decades ago in 1985. But what’s one significant difference this time around? No overbuilding – we’ve learned from our mistakes.
So what’s expected next in 2017? Here’s a quick forecast snapshot:
- Occupancy to inch up to 93 percent
- Demand to remain high as more people continue to move into North Texas
- Construction will go up
- Rental rates will continue to rise
- Demand for Grade A properties to remain attractive