Most of the retail space in Dallas-Fort Worth is occupied, according to a midyear report from The Weitzman Group in Dallas. About 9 percent of the 192 million square feet remains available, the lowest since 2000, the report said. The worst year was 2011, when the vacancy rate reached 12.4 percent. More than 3.8 million square feet is under construction, and most of that is slated for anchor and junior anchor retailers, the report said. In past years, most of the new space was slated for grocery stores.
Grocers are still active in Tarrant County. New Kroger Marketplace stores are planned to open this year at the southwest corner of Precinct Line Road and North Tarrant Parkway in North Richland Hills and in Burleson Commons at Texas 174 and Farm Road 731 in Burleson. A Mansfield store is also expanding by 27,000 square feet. Sprouts, Fresh Market and WinCo are also expanding, as well as Whole Foods, which plans to open its first Fort Worth store in 2016 at 3400 Bryant Irvin Road in the Waterside development, the report said.
Regional centers will start opening in Tarrant County this year, too. Glade Parks, at Texas 121 and Glade Road in Euless, will open its first phase in the fall; Presidio Junction, at Interstate 35W and Heritage Trace Parkway in far north Fort Worth, is under construction; and West-Bend, on University Drive just south of I-30 in Fort Worth, is underway. The 560,000-square-foot Nebraska Furniture Mart, with its 1.1-million-square-foot warehouse, along Texas 121 in The Colony, is the largest single retail project for the year, the report said.
From the Fort Worth Star Telegram – Sandra Baker