Page 103 - Southlake FY22 Budget

CITY PrOFILE

reTail OCCuPanCy raTe

RETAIL OCCUPANCY RATE - SOUTHLAKE RETAIL OCCUPANCY RATE - DFW MARKET
96.0%
95.3% 95.5% 95.3%
94.9%
95.0%
95.2% 94.4%
94.1% 94.1% 94.1%
94.0% 93.9% 93.9% 93.9% 93.9%
93.3%
93.0% 92.8% 93.6% 93.6%
92.1% 92.0%
92.0% 92.4%
91.5%
91.1% 91.3%
91.0%
91.0%
90.6%
90.0%
89.9%
89.0%

88.0%

87.0%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
CALENDAR YEAR
Warning Trend: Calendar Year
Decreasing occupancy rates

If the economy is sluggish or declining, demand for residential, commercial, and industrial property may drop and
occupancy rates may decline. Tracking changes in occupancy rates can provide an early warning of potential economic
or demographic problems.

Retail Occupancy Rate - DFW
Calendar Year Retail Occupancy Rate - Southlake
Market
2009 91.5% 91.0%
2010 89.9% 91.1%
2011 90.6% 91.3%
2012 94.1% 92.1%
2013 94.1% 92.8%
2014 94.1% 93.3%
2015 94.9% 93.9%
2016 93.9% 95.9%
2017 92.4% 95.3%
2018 93.6% 95.5%
2019 93.9% 95.3%
2020 93.6% 94.4%
2021 (Through Q2) 92.0% 93.9%

102 FY 2022 City of Southlake | BUDGET BOOK
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