Move Over Big Apple! Dallas/Fort Worth Surpasses New York City on the list!
Determining a city’s premier shopping experience comes down to more than just competitive prices and a broad range of options. It is also about its purchasing power and lively atmosphere, as well as the availability of store personnel to enhance the shopping journey and more. Collectively, these elements contribute to an unforgettable experience.
The DFW area came in as the eighth-best destination for retail therapy, narrowly surpassing New York on the list, according to the recent study by StorageCafe. Miami, Atlanta and St. Louis took the top spots.
Key takeaways about Dallas–Fort Worth metroplex from the report:
- Retail Facts: Dallas-Fort Worth boasts the 5th-largest amount of retail space per resident. It has with more than 51 square feet per person. The area is home to roughly 7,750 establishments, encompassing upscale malls to sustainable fashion boutiques and plenty of art venues. In total, the metro area spans nearly 409 million square feet of gross leasable retail area.
- Retail landscape: Fashion takes center stage, with nearly 2,913 stores dedicated solely to clothing and accessories. General merchandise stores represent the second-most popular category for shoppers in the area, with approximately 1,102 stores of this kind. Following closely behind are 1,017 furniture and home furnishing stores.
- Employee density: The retail scene is supported by a substantial workforce of almost 143,000 individuals, offering a favorable ratio of 18 employees per 1,000 residents.
- Shopping expenses: With a hefty household income averaging almost $83K, Dallas area residents devote over $10K annually (12.5% of their average income) to retail expenditures alone.
