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DFW retail absorption and occupancy fall in 2Q2020

DALLAS-FORT WORTH – The second quarter saw retail net absorption in negative territory for the first time in over two years, according to C​​​BRE. 

Many major closures in the metro contributed to this, including 11​ 24 Hour Fitness locations and the Nordstrom at North East Mall in Hurst.  

Occupancy also took a hit, dropping 40 basis points from the previous quarter. 

Retail sales spiked up 17.7 percent in May, following a record collapse in March and April. Clothing/accessories and furniture stores saw ​the highest gains that month. 

Texas logoThe Real Estate Center has more on DFW’s retail market:

Source: CBRE

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