Dallas-Fort Worth Retail Leasing Activity Is on the Rebound
Bill Kitchens with CoStar Analytics reports the Dallas-Fort Worth retail market is on the path to recovery, with leasing activity turning a corner. From January through May, retail tenants have signed on for 3.5 million square feet, up 31% from the trough reported during the same time last year. The largest lease signed thus far this year is Hobby Lobby taking 55,000 at the Gates of Prosper, a new shopping center led by Blue Star Land. While leasing activity is tracking higher in 2021, it remains just below pre-coronavirus pandemic levels.