Dallas-Fort Worth Retail Market Report

Performance diverges as supply concentrates in select areas. Submarkets posting the strongest fundamentals were those that avoided most of 2025’s large supply wave, including inner North and Southeast Dallas. Multi-tenant vacancies declined in inner North Dallas, while Southeast Dallas saw most of its improvement in single-tenant assets. Together, these areas accounted for just under 3 percent of last year’s deliveries, a trend expected to continue in 2026 as construction remains limited in these two submarkets. Suburban Fort Worth recorded low vacancies across both segments, supported by net in-migration and high household incomes. Other areas set to receive the bulk of 2026 supply, such as Collin County and the Mid-Cities, posted higher vacancies in 2025. However, these submarkets still benefit from favorable demographic trends, including some of the metro’s strongest net in-migration, high-income households, and increased office demand tied to corporate relocations.