Dallas-Fort Worth Retail Market Report

Consumer demand helps offset robust supply pressure. To support the needs of a growing population, a plethora of large-scale projects are underway across the metroplex this year. A Lifetime Fitness in north Dallas, as well as two Costcos — one in Weatherford and the other in Aubrey — have helped form the largest pipeline in the nation by square footage. Additionally, a new shopping center in Melody Hills, anchored by H Mart, is set to open late this year. Even with a 0.9 percent boost to total inventory, a need for more retail space is apparent in many suburbs, with vacancy declining by at least 70 basis points in northwest Fort Worth and far north Dallas last year. Both submarkets will also receive over 1,000 apartment units this year, further reinforcing long-term tenant demand here. Multi-tenant space is particularly sought-after by retailers, with the metro’s segment vacancy reporting four consecutive years of compression or no change, pushing the rate to 4.5 percent as of December 2024. The Fort Worth side of the metroplex entered this year with multi-tenant vacancy 50 basis points below its Dallas counterpart due to strong occupancy in Fort Worth’s suburbs.