On average, listings lease in the $30's per square foot per year. The Southwest Dallas submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the DFW Metroplex market, the Southwest Dallas region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 148 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the available space in the Southwest Dallas are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,540 sqft. Most properties in this area are around 1 stories. Most buildings in this area were built in 1983 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Southwest Dallas folk. Commuting close to an hour 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 Southwest Dallas.
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