Dallas-Fort Worth Retail Figures Q2 2023

September 25, 2023 5 Minute Read

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        Following a solid year of demand, DFW recorded just over 300,000 sq. ft. of net absorption in Q2 2023, yielding nearly 850,000 sq. ft. in net absorption for the first half of 2023. Demand was most concentrated in Addison, Frisco, West Fort Worth, and North Grand Prairie.

        Over 356,000 sq. ft. of retail space was delivered in Q2 2023, led by new developments in Frisco/West Frisco, McKinney, and Northwest Fort Worth. Collectively, new retail product coming online had a preleased rate of 65.9% at the end of Q2 2023.

        The overall occupancy rate remains at 94.9%, and has increased by 90 basis points from Q1 2022. Twelve of the 65 micromarkets within the Dallas/Fort Worth markets have vacancy rates of less than 2%.

        At the time of this report, Dallas/Fort Worth had 153 big box (20,000 sq. ft. and larger) retail spaces available, accounting for 6.9 million sq. ft., or 36%, of total market availability.

        Grocery news making the headlines in Dallas is focused on further expansion from H-E-B (and Joe V’s), Kroger, Tom Thumb, and Costco, along with new-to-market announcements like H Mart and El Rio Grande Latin Market.