Page 96 - Southlake FY24 Budget

Retail Occupancy Rate

RETAIL OCCUPANCY RATE - SOUTHLAKE RETAIL OCCUPANCY RATE - DFW MARKET
98.0%
96.5%

96.0% 95.4% 95.5% 95.3% 95.6%
94.9% 95.2% 95.5%
94.4% 95.2%
94.1% 94.1% 94.1% 93.9% 93.9% 93.9% 94.2%
94.0%
93.3%
92.8% 93.6% 93.6% 93.2%
City Profile
92.1%
92.0% 91.5% 91.3% 92.4%
91.1%
91.0%
90.0% 90.6%
89.9%

88.0%

86.0%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 -
Q2
CALENDAR YEAR

Warning Trend: 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.

Calendar Year Retail Occupancy Rate - Southlake Retail Occupancy Rate - DFW Market

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 93.2% 94.2%
2022 95.5% 95.2%
2023 (Through Q2) 96.5% 95.6%

96 FY 2024 City of Southlake | Budget Book