Commercial Real Estate Report - Dallas, TX [Retail]

Property Type

Dallas's strong economy and high rates of population growth are driving strong positive trends in retailing and retail real estate. Vacancy in the local community-neighborhood shopping center market has dropped 40 basis points for the fourth quarter alone, a decline of 90 points for the year 2012. Asking and effective averages for the fourth quarter of 2012 were up 0.4% and 0.6% from the quarter before and were up 0.8% and 1.0% for the year. (3/8/13)

Boundaries

Display:
Recent Sales New Construction Highlight Submarkets

Latest Quarterly Reports (Q1 2013)

Dallas, TX - Entire Metro
Submarkets
Richardson - C -200 bps
Richardson - NC -130 bps
Richardson - N -100 bps
Allen/Frisco/McKinny - N -90 bps
Oaklawn - C -80 bps
Plano - C -80 bps
Allen/Frisco/McKinny - NC -70 bps
Oaklawn - NC -70 bps
Carrollton/SE Denton - N -60 bps
Farmers Branch - C -60 bps
Oaklawn - N -50 bps
Carrollton/SE Denton - NC -50 bps
Carrollton/SE Denton - C -50 bps
Far North Dallas - N -50 bps
Southeast - N -40 bps
Northeast - C -30 bps
Allen/Frisco/McKinny - C -30 bps
Southeast - NC -20 bps
West/Southwest - N -20 bps
Far North Dallas - NC -20 bps
Plano - NC -10 bps
Southeast - C -10 bps
Far North Dallas - C -10 bps
West/Southwest - NC 0 bps
Highlands - N 10 bps
Highlands - NC 10 bps
Northeast - NC 10 bps
Highlands - C 20 bps
Farmers Branch - NC 20 bps
West/Southwest - C 20 bps
Irving - C 30 bps
Northeast - N 40 bps
Irving - NC 40 bps
Irving - N 50 bps
Plano - N 70 bps
Farmers Branch - N 110 bps

Recent Sales

Cap Rate Trend

Sales Trend

Q1
2013
Q4
2012
Q3
2012
Q2
2012
Mean 9.8% 5.8% -- 8.7%
Median 7.2% 5.8% -- 8.7%
12 Month Rolling 7.5% 6.9% 8.9% 8.9%

Commercial Real Estate News

Recent Rent Observations

Location ID Class Rent
Northeast R7810 $12
Allen/Frisco/McKinny R7005 $13
Southeast 85888 $16
Plano 92178 $16
Allen/Frisco/McKinny 89120 $20
Richardson R7885 $13
Plano R7945 $12
Richardson R7883 $10
Allen/Frisco/McKinny 96905 $17
Oaklawn R7040 $30

Change From Previous Quarter

Market Rent Vac Inv
Dallas 0.0% -10 bps 0.0%
Southwest Region 0.1% -10 bps 0.1%
United States 0.1% 0 bps 0.0%

Metro vs. Region -0.1% 0 bps 0.0%
Metro vs. US -0.1% -10 bps 0.0%

Latest New Construction Updates

Location Size
N/A 0 - 120,000
Highlands 360,000 - 480,000
Allen/Frisco/McKinny 0 - 120,000
Allen/Frisco/McKinny 240,000 - 360,000
Allen/Frisco/McKinny 120,000 - 240,000
Carrollton/SE Denton 120,000 - 240,000
Allen/Frisco/McKinny 240,000 - 360,000
Southeast 0 - 120,000
Oaklawn 360,000 - 480,000
Highlands 240,000 - 360,000
View all Construction Projects

National Retail Real Estate Trends

Vacancy Trends
Supply and Demand
Inventory Change
Inventory Change

Metropolitan Retail Rankings (Q1 2013)

Based on 190 U.S. Markets
Value:
126. Wichita, KS 13.1%
127. Springfield, MO 13.3%
128. Fargo, ND 13.4%
129. Providence, RI 13.4%
130. Daytona Beach, FL 13.5%
131. Dallas, TX 13.6%
132. Orlando, FL 13.6%
133. Cincinnati, OH 13.7%
134. Sarasota, FL 13.7%
135. Huntsville, AL 13.8%
136. Madison, WI 13.8%

Avg Annual Growth Rate (2013 - 2017)

Market Rent Vac Inv
Dallas -0.1% 1,375 bps 0.5%
Southwest Region 0.1% 1,240 bps 0.6%
United States 0.3% 1,077 bps 0.7%

Metro vs. Region -0.2% 135 bps -0.1%
Metro vs. US -0.4% 298 bps -0.2%