Real estate
BY COLBY FARR
In 2024, commercial vacancy rates decreased by nearly two percentage points across the Flower Mound, Highland Village and Lewisville areas, according to Texas-based real estate firm Weitzman’s latest annual report. The report was published after the 2025 Weitzman Annual Forecast held Jan. 7. During the event, Weitzman Executive Managing Director Robert Young presented a look at how the retail market performed in 2024 with a forecast for 2025. The report’s data is gathered by surveying more than 1,440 shopping centers across the Dallas Fort Worth area including centers in Flower Mound and Highland Village. “DFW’s retail market has never been stronger in terms of balanced supply and demand,” Young said. “Retail development today is truly based on Retail vacancy falls in Flower Mound
Zooming out
2023 square feet 2024 square feet
Gross leasable space 10,140,539 10,140,539
Dallas-Fort Worth finished 2024 with a retail occupancy rate of 95.1%, 2.4 million square feet of space absorbed and 1.5 million square feet of new construction, according to the report.
0%
Vacant space 616,807 438,767 Vacancy rate 6.08% 4.33%
-28.86%
DFW occupancy rate
2020
91.7% 93.5% 94.4% 95.1% 95.1%
2021 2022 2023
-1.75%
SOURCE: WEITZMAN/COMMUNITY IMPACT
2024
the fundamentals of population growth, housing growth, job growth and economic viability. This is clearly a recipe for sustainable high occupancy.”
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FLOWER MOUND - HIGHLAND VILLAGE - ARGYLE EDITION
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