Retail Real Estate Continues to Rise in DFW Despite Online Shopping
The retail real estate in Dallas- Fort Worth continues to rise despite increasing digital challenges. According to Dallas News, “Dallas-Fort Worth’s historically overbuilt retail real estate portfolio is holding up against digital challenges and benefiting from retailers not constructing as many stores.”
With malls continuing to close and anchor stores following, seems to be the only thing holding DFW from growing even further. Dallas-Fort Worth trails just behind Austin, Houston and San Antonio with occupancy rates above 94 %.
Instead of spending extreme amounts of money on building new properties, Dallas has taken advantage of redeveloping existing spaces. As stores such as Sears and Toys R Us close developers have used these open spaces differently to create nice open restaurants, bowling alleys, or movie theaters.
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