Market Overview

Matlock Park Place and group of successful businesses are ready to serve the Arlington community and its neighborhood. Arlington is home to Texas Rangers Major League Baseball, Six Flags Over Texas, Johnnie High’s Country Music Revue, the University of Texas at Arlington and Tarrant County College. The city is a popular meeting place for conventions and trade shows and is the location for the finest hotels and restaurants in the country. Arlington continues to be the family destination in the Dallas-Forth Worth Metroplex.

Arlington, TX
Top Employers

Dallas-Fort Worth Metroplex

The Dallas-Fort Worth economy has proven durable in other economic downturns. The metro is typically among the first to show signs of recovery, and the long-term structural advantages in terms of economic development and demographics in north Texas remain intact. These factors have enabled the retail sector to recover relatively quickly compared to other parts of the country

Leasing

Leasing activity in Dallas-Fort Worth rebounded last year, running parallel with the local economic recovery. The outlook for Dallas-Fort Worth's retail market remains bright, thanks to the structural economic and demographic tailwinds found in the market.

NET ABSORPTION, NET DELIVERIES & VACANCY

MARKET RENT GROWTH (YOY)

Rent

Due to tepid construction and tightening space availability, rent growth is picking up momentum in Dallas-Fort Worth. Rent growth in the metroplex recovered in 2021 and is outstripping the national average through the third quarter of 2022.

Construction

Developers are adding space at a conservative pace in
Dallas-Fort Worth. Unlike the super-regional malls of decades past, most new retail projects are part of smaller centers and mixed-use developments, helping mitigate the risk of oversupply. Meanwhile, much of the focus lately has shifted from ground-up developments in outlying areas to renovating or repurposing assets along highly trafficked corridors.

Under Construction Properties

DELIVERIES & DEMOLITIONS

Sales

In 2021, sales volume for retail assets reported the best performance on record with an estimated $6 billion. Before the economic downturn, estimated annual sales volume typically landed between $4 million and $4.5 billion. Investors remain keen to pursue shopping centers anchored by essential retailers including grocery, hardware, and discount retailers.

Sales Past 12 Months

SALES VOLUME & MARKET SALE PRICE PER SF

Economy

Dallas-Fort Worth's economy is expanding, adding 275,800 jobs last year, growing 7.4%, and has fully recovered from the recession, up 155,000 jobs since February 2020. As of August 2022, the economy has reached 4 million jobs and is reporting an unemployment rate of 3.6%. Employment growth is expected to outperform the national benchmark over the next five years. Over recent years, median household incomes have grown about 4% annually and are now tracking near $80,000. Due to the region's low cost of doing business and highly skilled labor force, companies have relocated or expanded operations across various sectors.