Page 102 - CityofSouthlakeFY25AdoptedBudget

Retail Occupancy Rate

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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

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 96.3% 95.6%
2024 (Through Q2) 96.9% 95.5%

102 FY 2025 City of Southlake | Budget Book