A recent report shows Dallas taking a top spot in the best cities for senior citizens to live, retail leasing continues an upward trend, and Dallas 20-somethings are more likely to live with their parents than a spouse, all in this week’s roundup of real estate news.
Senior Citizens Choose Dallas As A Favorite Place To Live
Regardless of income, there are plenty of residential options in Dallas.
There are traditional and modern homes, mansions and studio apartments, furnished high-rise rentals and starter homes with space to build an in-ground pool.
There are, in fact, 185 senior living options in the Dallas area, according to a recent report issued by Caring.com.
Census data shows that seniors will outnumber youth by 2035 – and “it’s important that our communities are prepared to meet the physical and mental needs of older adults,” said media coordinator Donnie Dinh in a press release.
Dallas ranked No. 94 out of 302 in best overall places for persons over 60 to live. Cities were ranked on affordability, health care, quality of life, senior living and housing, community involvement, and transportation.
DFW Retail Leasing Trends Upward
Big box net absorption increased this quarter, “with many Class A and B spaces taken off the market and backfilled by fitness and entertainment concepts,” according to real estate services company CBRE.
More than 950,000 square feet of retail space was absorbed across the Dallas/Fort Worth market for the 2019 third quarter. Occupancy held steady at 94.7 percent.
Over 2.5 million square feet of retail space is under construction, and more than 389,000 square feet delivered last quarter, according to the report.
Dallas 20-somethings Are More Likely To Live With Parents
The majority of young adults were living with their spouses back in the 1960s. Today, they may still be hanging out with Mom and Dad.
A recent study issued by Apartmentlist.com shows significant change in household composition across the country, including Dallas.
“The rising cost of housing and shifting family dynamics have reconfigured the American household, and trends in who lives together are determining what types of housing will ultimately be available and affordable,” said Olyvia Ruhlmann in a press release.
In fact, about 24 percent of 26-year-olds live with a spouse, and that number was 76 percent just 50 years ago. The study also gauges the percentage of 26-year-olds living alone or with a roommate.