Bad news from the world of retail leasing: Herb Weitzman, one of Dallas’ most knowledgeable guys in the market, just released a report indicating that new Dallas retail projects will face a rocky 2008 and a virtually non-existent 2009 in terms of attracting new tenants, according to the Dallas Business Journal. Why should we care? Well, what it means is that Prescott Realty, the guys trying to lease and build the Lake Highlands Town Center, are going to have their hands full trying to attract retail tenants who aren’t already committed to the site, which means they’ll probably have a tougher time coming out of the ground with at least the retail/office portion of their project. And don’t forget the impending competition from the old Timbercreek Apartment site at Northwest Highway and Skillman. The good news in all of this: "The market here in D-FW is really one of the best in the country," Weitzman told the DBJ.
