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Dallas-Ft. Worth Retail Market Keeping Steady Beat

DALLAS-The 2001 retail market isn't as aggressive as 2000's, but it's holding steady and attracting scores of new retailers to Dallas-Ft. Worth. Some four million sf is under construction, the bulk of which is already pre-leased, says the Weitzman Group.

By Connie Gore | Updated on August 21, 2001

DALLAS-Strong and steady best describe the Dallas-Ft. Worth retail market, which last year was at its highest crest in 15 years. At midpoint 2001, the retail momentum was staying its course, says Dallas-based Weitzman Group in its latest report.

More new retailers are coming to town. Construction, though half of the 2000 delivery, will still bring another four million sf to market and most of that is already pre-leased. Active leasing, occupancy in the 90s and solid rental rates all spell success for the market.”Retailers wouldn’t keep coming here if they weren’t doing well,” Ian Pierce of Weitzman’s communications and research departments, tells GlobeSt.com. Last year was a hard act to follow, says Pierce, but so far this year the market is maintaining a healthy equilibrium in a market pushing a 140 million-sf inventory.

Cast away concerns that a sluggish national economy is going to impair the DFW market. Strong housing and job growth position the metroplex to retain its leadership status nationally. “What’s happening is because of the economy and large population (5.2 million) and demographics, we’ve pretty much shown up on everyone’s radar,” Pierce says.

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