Gables Water Street Retail — Lease in Irving, TX

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Irving, TX 75039

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Description

Welcome to Gables Water Street, a revitalized urban hub with a thriving retail and restaurant scene, high-end residences, and entertainment. After a recent $700 million transformation, the 14-acre mixed-use development presents an exciting opportunity for new tenants to thrive among the 60,000+ square feet of prime retail and restaurant space on the picturesque Lake Carolyn. - Suite 100: 1,642 SF - Suite 108: 1,017 SF (Occupied but Available) - Suite 155: 2,598 SF (Occupied but Available) - Suite 170: 2,062 SF (Can be combined with Suite 176) - Suite 176: 3,136 SF (Can be combined with Suite 170) Home to 316 multifamily units, Gables Water Street is complemented by over 9,495 additional multifamily units within a one-mile radius. Directly across, Williams Square offers more than 1.5 million square feet of office space, with an additional 10.7 million square feet of office developments in the surrounding one-mile radius.

Market Context

This retail in Irving, TX is listed for lease. Compare it against other retail listings for lease in Irving, TX — view the full market.

As of Q4 2025, the Dallas / Fort Worth retail market showed a 5.0% vacancy rate, average asking rents near $15.71/SF/yr, rents up 4.9% year over year, and cap rates around 6.8%. Source: multiple brokerage reports, Q4 2025.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Dallas / Fort Worth?
About 6.8% as of Q4 2025, per multiple brokerage reports.
Is the Dallas / Fort Worth retail market tightening or softening?
Vacancy is around 5.0%, with asking rents rising year over year (Q4 2025).

Estimated Market Rate

$1.28/SF/mo – $1.83/SF/mo

Mid: $1.56/SF/mo

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