The typical asking rate per listing is in the $20's per square foot per year. The RANDCO region is seeing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the DFW Metroplex market, the RANDCO region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 159 listings have been listed, so you'll want to check back regularly for new listings. About 38% of the available leases in the RANDCO are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,390 sqft. Most properties in this region are around 11 floors. Most buildings in this area were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst RANDCO residents. Commuting around an hour and a half 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 RANDCO.
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