FRISCO
METRO GROWTH
Frisco saw commercial business vacancy rates increase in 2020 and again in 2021, and while commercial building permits dropped in 2020, they bounced back last year.
Weitzman said construction of new retail space throughout Dallas-Fort Worth was at an all-time low in 2021. The 640,000 square feet added was nearly half the previous low of 1.2 million square feet added in 2012.
New space added
10,000 square feet
809,504 10,396,226
FRISCO
KEY
2019 - 1.8M square feet
Total retail square feet in 2020
2020 - 1.7M square feet
877,765
Total retail square feet vacant in 2020 Total retail square feet vacant in 2021
2021 - 640,000 square feet
This was the first time new construction was below 1 million square feet since the early 1990s.
Vacancy Rates
2022 - 2M square feet to be added
2019 2020 2021
6.12%
7.79%
8.17%
1.27M
2.6M
Below are the number of commercial permits issued for new buildings by the city of Frisco. Commercial permits
Fort Worth-area total change in occupied retail square feet from 2020 to 2021
Dallas-area total change in occupied retail square feet from 2020 to 2021
2016 2017 2018 2019 2020 2021
88
18M
50M
91
Square feet of retail space added to the Dallas-Fort Worth area between 2001 and 2011
86
Square feet of retail space added to the Dallas-Fort Worth area between 2012 and 2021
80
49
SOURCES: CITY OF FRISCO, WEITZMAN/COMMUNITY IMPACT NEWSPAPER
74
SOURCES: CITY OF FRISCO, WEITZMAN/COMMUNITY IMPACT NEWSPAPER
retailer’s communications director for Texas. “The pandemic permanently changed how customers shop,” Willis said via email. To help meet customers’ new shop- ping patterns, Walmart is adding market fulfillment centers to many existing stores, including ones in Plano and Lewisville. These centers will help meet the demand for Walmart’s con- tactless pickup and delivery services throughout the metroplex. “Think of [these market fulfillment centers] as a condensed, modular warehouse in a number of Walmart stores across the country,” Willis said. “These local fulfillment centers are built within, or added to, a store to hold thousands of items customers shop [for] the most—from pantry,
frozen and chilled foods to consum- ables and electronics—all in one flexi- ble space.” Looking ahead While not all pandemic-related changes are likely to last, Felker said the community will have to wait for the long-term effects. “Several [companies] have said, ‘We’re never going back to in-person, and we are going completely virtual,’” Felker said. “But what’s the long-term consequence of that in terms of com- pany culture and productivity, and work-life balance?”
said. Today, even after indoor dining has resumed, delivery and takeout make up about 70% of the restaurant’s sales. Assi said the pandemic has made many people more comfortable with using delivery services. “Prior to COVID[-19], I think the consumer was wary on if that was a safe, alternative option to going into a restaurant,” Assi said. “Now it’s very common for that to happen. And it’s not just the restaurant industry. It’s industry as a whole.” ‘Tech andmortar’ Rosenfeld said grocery stores throughout the region have led the way in using digital tools to help phys- ical retailers meet changing customer
needs. That is an approach Weitzman refers to as “tech and mortar.” “Without a doubt, COVID[-19] has transformed grocery shoppers’ behav- ior, and brick-and-mortar locations [that] are offering delivery and curb- side pickup [are] benefiting,” Rosen- feld said. The region is seeing expansions from grocers, such as Kroger, Sprouts and H-E-B, according to the Weitzman forecast. H-E-B has announced plans to open new stores in Frisco and Plano in 2022 and McKinney in 2023. The demand for Walmart’s pickup and delivery services has led the com- pany to increase its order fulfillment capacity by 40% over the last two years, according to Lauren Willis, the
For more information, visit communityimpact.com .
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