North Texas shopping center vacancy at 3-decade low

Screen-Shot-2016-01-14-at-9.08.20-PM-1By @SteveBrownDMN and the Dallas Morning News

Despite the recent closings of some big box stores, Dallas-Fort Worth retail vacancy has dropped the lowest level in more than 30 years.

At midyear 8.4 percent of North Texas shopping and retail space was empty, according to Dallas-based real estate firm Weitzman Group.

The last time the shopping center market was so tight was in 1984 when 8 percent of the market was vacant, the Dallas-based real estate firm said.

“We are blessed with growth and thousands of new jobs,” Bob Young, Weitzman Group executive managing director. ” I really don’t see any red flags for D-FW’s retail market.”

At the worst of the recession in 2009, about 14 percent of the local shopping center market was empty. Read More >