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The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The Factory Place submarket is going through a decline in rates. In the last 3 months, the median rate for lease fell $5 per sqft per year.
Compared to the rest of the DFW Metroplex commercial real estate market, the Factory Place region has greater rates for rent, and you may need to pay a premium to be in this hot submarket.
In the last 180 days, 10 commercial real estate listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 6,930 sqft. Most buildings in this area are around 1 stories. Most buildings in this market were built around 1959 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Factory Place occupants. Commuting close to 20 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 Factory Place.
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