Building boom
Dallas comes in at No. 1 in the U.S. for retail construction in 2025

Get ready for a gigantic cartload of new shopping opportunities in Dallas-Fort Worth. A new report, published by commercial real estate services provider Lee & Associates, says DFW leads more than 60 U.S. retail markets with nearly 7.15 million square feet of space under construction.
To put that in perspective: If the average Walmart supercenter measures 182,000 square feet, the nearly 7.15 million-square-foot total would work out to 39 new supercenters being built in the region.
The amount of retail space going up in DFW represents 15 percent of all retail space under construction in the more than 60 U.S. markets tracked by Lee & Associates.
According to the report, the Dallas-Fort Worth industrial market remains on a path of growth, with vacancy rates continuing to trend below 10 percent, reflecting sustained demand for space.
This quarter, nearly 7 million square feet of new industrial space was delivered, more than doubling the volume from the first quarter — highlighting a steady upward trend.
“After some crushingly slow post-pandemic years, retail construction throughout the Dallas-Fort Worth region this year is on pace to hit its highest point since 2017,” Bisnow reported.
What’s behind the surge in retail construction? Population growth. Data recently released by the U.S. Census Bureau shows DFW was the country’s third-fastest-growing metro from 2023 to 2024, based on the number of new residents.
DFW is by far the most active U.S. market for new retail space. (Just look at how many grocery stores are being built in the area.)
Houston and Austin aren’t too far behind Dallas-Fort Worth, though.
The second-ranked Houston area has nearly 3.9 million square feet of retail space under construction, according to the report, and the third-ranked Austin area has more than 3.4 million square feet of retail space being built.
Houston was the second-fastest-growing metro from 2023 to 2024, according to the Census Bureau, and Austin landed at No. 13.
