METRO GROWTH
LEWISVILLE, FLOWER MOUND & HIGHLAND VILLAGE
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.
HIGHLAND VILLAGE
Weitzman shows 2021 vacancy rates dropped to a level below the 2019 total in Lewisville and Flower Mound. Highland Village was not included in the report.
New space added
10,000 square feet
KEY
LEWISVILLE
2019 - 1.8M square feet
FLOWER MOUND
2020 - 1.7M square feet
Occupied retail space increased by
642,277 Square feet vacant in 2021
10,246,240 Total retail square feet in 2021
2021 - 640,000 square feet
421,578
This was the first time new construction was below 1 million square feet since the early 1990s.
square feet from 2020-21
2022 - 2M square feet to be added
Vacancy rates
1.27M
2.6M
2019 2020 2021
7.20%
10.38%
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
6.27%
SOURCE: WEITZMAN/COMMUNITY IMPACT NEWSPAPER
+18M
+50M
Square feet of retail space added to the Dallas-Fort Worth area between 2001 and 2011
Square feet of retail space added to the Dallas-Fort Worth area between 2012 and 2021
“We’re addingmore home office-type options, whether it’s a full dedicated study or if it’s just adding a spot … for a [personal] workspace,” Enzler said. “Then, outside the unit we’ve added, for all of our new developments, … more workspace. You don’t necessarily want to live and work in the same spot 24 hours a day.” While Trammell Crow was incor- porating many of these options into designs even before the pandemic began, Enzler said the company has put more of an emphasis on these features, and he expects that will continue. ‘Techandmortar’ 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 andmortar.” “Without a doubt, COVID[-19] has transformed grocery shoppers’ behav- ior, and brick-and-mortar locations [that] are offering delivery and curbside
pickup [are] benefiting,” Rosenfeld said. The region is seeing expansions from grocers, including Kroger, Sprouts and H-E-B, according to the Weitzman fore- cast. H-E-B has announced plans to open new stores in Plano and Frisco in 2022 andMcKinney 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 LaurenWillis, the retailer’s communications director for Texas. “The pandemic permanently changed how customers shop,” she said via email. To help meet customers’ new shop- ping patterns, Walmart is adding mar- ket fulfillment centers to many existing stores, including ones in Plano and Lewisville. These centers will helpmeet the demand for Walmart’s contactless pickup and delivery services in those cities and throughout themetroplex. Lookingahead Locally, businesses have continued
SOURCE: WEITZMAN/COMMUNITY IMPACT NEWSPAPER
to open like Flower Mound’s new meat market. Before the start of the COVID-19 pandemic, theFlurryfamilyneverantic- ipated opening their own meat market. But when they did, they encountered a number of obstacles. Clayton and Kelly Flurry opened Flurry’s Market + Provisions in Decem- ber. The Flower Mound business offers a range of meats along with a bistro and gift shop. “Honestly, I don’t have a comparable [pre/during/post-pandemicmeasure] to know how different or not how things were for our experience,”ClaytonFlurry said. “The two biggest issues we faced were shortages of mechanical engineers and equipment delays.” One issue Flurry encountered was procuring equipment for refrigera- tion. Before the pandemic, such orders would take four to eight weeks, but
when opening their store, it took six months, Flurry said. “The whole supply chain was and is messed up,” he said. “We had to send someone from Flower Mound in a pickup truck to Michigan to pick up two sets of doors that the manufacturer couldn’t find a driver for.” Despite the challenges, business is consistent and even busy, Flurry said. “We tackled one challenge at a time. Some were too big for us and truly put us on our knees in prayer,” he said. “At the end of the day there is still a lot of common good in this world, and the old adage of, ‘Where there is a will there’s a way,’ still rings true.”
For more information, visit communityimpact.com .
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LEWISVILLE - FLOWER MOUND - HIGHLAND VILLAGE EDITION • MARCH 2022
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