Bob Young of the Weitzman Group was the guest speaker at the January Dallas Real Professionals Meeting. As the Executive Managing Director for Weitzman, he utilizes his extensive brokerage and management experience on Weitzman business development and brand promotion.

Bob’s Dallas/Fort Worth (DFW) team handles 1,407 centers that are 25,000 SF+ in 42 submarkets in the DFW area. They are tied for 2nd highest DFW occupancy on record and it’s the 6th year that they’ve seen 92.4% occupancy of that mix. Austin is at 96% Houston 94% and San Antonio is also 94% and “there is a reason why we’ve lagged because we are in the greatest market place around so we’ve always built more product than anybody anywhere at any time”. He explains that the market is healthy and the area is currently in a period of stabilization in retail.

Bob shared that the Weitzman Group thinks Dallas is a great market with 250 people a day moving to the area, 100,000 new jobs per year and a booming residential market. He states that “Construction is going to be smart, underwritten with the highest standards and all of these things will force us to continue to be the great place that we are.”