• Market-wide net absorption remained positive in Q3 2019, with 74,588 sq. ft. absorbed.

  • Though retail activity cooled this summer, the labor force remained hot. According the Federal Reserve Bank of Dallas, employment grew at an annualized rate of 4.8% from May to August of 2019.

  • Private sector wages grew $0.39 from last quarter, ending Q3 2019 at an average of $24.51 per hour.

  • With over 923,000 sq. ft. of retail product currently underway, 89% of the supply is stemming from the Northeast and Northwest submarkets.