Written by Kerri Panchuk
The net absorption rate in the Dallas-Fort Worth retail sector hit 722K SF market-wide in the first quarter of 2019, data from commercial real estate firm CBRE shows. The retail occupancy rate remained strong at 94.5% across DFW, while 451K SF of new construction was delivered across the entire Metroplex in Q1. Adding to leasing activity was the 800K SF mixed-use development The Union, in Uptown Dallas, which is about to include major grocery retailer Tom Thumb and seven restaurants situated next to 309 apartments and an office tower.
