12 Mo Deliveries in SF - 2.7K
12 Mo Net Absorption in SF - 19.3K
Vacancy Rate - 1.3%
Market Asking Rent Growth - 3.9%
The Murphy/Wylie retail submarket has a vacancy rate of 1.3% as of the second quarter of 2025. Over the past year, the submarket's vacancy rate has changed by-0.5%, a result of 2,700 SF of net delivered space and 19,000 SF of net absorption.
Murphy/Wylie's vacancy rate of 1.3% compares to the submarket's five-year average of 2.0% and the 10-year average of 2.2%.
Among the retail subtypes, neighborhood center vacancy stands at 0.0%, strip center vacancy is 3.2%, mall vacancy is 3.4%, and general retail vacancy is 0.7%. The Murphy/Wylie retail submarket has roughly 130,000 SF of space listed as available, for an availability rate of 3.4%.
As of the second quarter of 2025, there is 18,000 SF of retail space under construction in Murphy/Wylie. In comparison, the submarket has averaged 62,000 SF of under construction inventory over the past 10 years.
The Murphy/Wylie retail submarket contains roughly 3.6 million SF of inventory. The submarket has approximately 310,000 SF of neighborhood center inventory, 1,000,000 SF of power center inventory, 240,000 SF of strip center inventory, 110,000 SF of mall inventory, and 2.0 million SF of general retail.
Market rents in Murphy/Wylie are $29.00/SF. Rents have changed by 3.9% year-over-year in Murphy/Wylie, compared to a change of 3.7% across Dallas-Fort Worth as a whole. Market rents have changed by 3.9% in neighborhood center properties year over year, 4.8% in power center properties, 4.0% in strip center properties, 3.5% in mall properties, and 3.4% in general retail properties. Annual rent growth of 3.9% in Murphy/Wylie compares to the submarket's five-year average of 4.1% and its 10-year average of 3.6%.
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