Page 118 - CityofSouthlakeFY27Budget
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TABLE OF CONTENTS
RETAIL OCCUPANCY RATE
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.
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Warning Trend: Decreasing occupancy rates
Calendar Year Retail Occupancy Rate - Southlake Retail Occupancy Rate - DFW Market
2016 93.9% 95.2%
2017 92.4% 95.4%
2018 93.6% 95.5%
2019 93.9% 95.3%
2020 93.6% 94.4%
2021 93.2% 94.2%
2022 95.2% 95.2%
2023 96.3% 95.6%
2024 97.2% 95.6%
2025 97.7% 95.2%
2026 (Through Q2) 96.4% 94.9%
118 FY 2027 City of Southlake | Budget Book FY 2027 City of Southlake | Budget Book 119
