Scroll Down

Market Report

Dallas/Fort Worth Retail Market Report

Second Quarter 2019

Employment Growth to Lead Nation; Rents Inch Up as Retailers Flock to Metro

Booming economy lures retailers to North Texas. Strong economic growth will persist this year as Dallas/Fort Worth is projected to add 105,000 jobs, keeping the area’s spending power elevated. Recently announced employment expansions by Allstate and Texas Instruments expected to come to fruition over the next several years highlight the metro’s economic diversity. Many national retail tenants will continue to expand their Metroplex footprint in 2019, looking to take advantage of the high-growth economy. Rents will notably rise because of this, nearing $18 per square foot by the end of the year, with Central Dallas maintaining the highest average rate marketwide. Denton, Garland and some inner-ring Fort Worth submarkets will witness some of the strongest growth rates moving forward, however, particularly as demographic trends further improve in these areas.

Related Research

Back to top