Dallas-Fort Worth Retail Market Report

Submarket trio exhibits resilience amid softer tenant demand. Economic pressures and elevated borrowing costs contributed to net absorption falling below 400,000 square feet across the opening half of 2024 — the smallest six-month total since 2020. Of Dallas-Fort Worth’s 11 submarkets, six recorded a net decline in occupied retail stock during that period, including reductions exceeding 90,000 square feet in Central Fort Worth and Southeast Dallas. Despite these broad headwinds, three areas of the Metroplex outperformed. North Central and Southwest Dallas, as well as Suburban Fort Worth, together saw net absorption of more than 700,000 square feet from January to June 2024. Leasing was most prominent in expanding suburban areas. In Greater Dallas, the Frisco- Carrollton and Cedar Hill-Duncanville corridors were favored, while tenants in Fort Worth sought out floorplans proximate to the Interstate 20 and Chisholm Trail Parkway interchange.