On average, listings lease in the $30's per square foot per year. The Preston Square submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the DFW Metroplex market, the Preston Square submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 192 listings have come on the market, so you'll want to check back regularly for new listings. About 9% of the office spaces in the Preston Square are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,820 sqft. Most properties in this area are close to 16 floors. Most buildings in this market were built in 1984 and are Class A.
Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Preston Square residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Preston Square.
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