If you’re a fan of shopping or sleeping, check this out: Dallas-Fort Worth ranks as one of the top metro areas in the U.S. for construction of retail and hotel properties. In the newly released 2019 Construction Outlook from commercial real estate services company JLL, Dallas-Fort Worth appears at No. 3 among U.S. metro areas for the number of hotel rooms set to open this year and at No. 4 for the amount of retail space under construction. According to JLL, 7,454 new hotel rooms — representing 5 percent of the entire national pipeline of lodging — are supposed to be ready this year in DFW. To put that into perspective, that’s equivalent to adding four Sheraton Dallas Hotels. As measured by guest rooms, the Sheraton Dallas Hotel is the region’s largest hotel (1,840 rooms). On the retail front, 3.3 million square feet of space is under construction in DFW, according to JLL. That’s equivalent to adding roughly 18 typical Walmart supercenters.
This is great news for a homeowner. Not only are they more locations for people to visit the Metroplex, but it also increases the number of local businesses that operate. This will lead to more homebuyers and sellers. If you are interested in buying or selling a home in the DFW area, please give me a call at 214-769-2947 and I would love to help you.
Beth Brake: Realtor-Team Lead