News
RETAIL’S RISE
January 12, 2011
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| It was standing-room only at Nick & Sam's in Uptown yesterdaymorning. While the crowd resembled a throng there to see Justin Bieber, they were actually eyeing The Weitzman Group top dog Herb Weitzman (right) and his retail experts including Pier 1’s Todd Boysen, JPMorgan Chase’s Joe Griffith, Carlson Restaurants Worldwide’s Nick Shepherd, and JCPenney’s Dean Zurmely. Herb says 2010 saw three major improvements: Texas added 200,000 jobs; retail holiday sales were up nearly 4%; and leasing absorption jumped to 2.3M SF. Last year saw the DFW retail market start to climb from the bottom; community centers came back with their strongest performance since 2006. The outlook for 2011: growth for community centers, 89% occupancy by year's end, and 1.2M SF of new construction. |
