The typical asking rate per listing is in the $10's per square foot per year. The Five Mile Creek region is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the DFW Metroplex market, the Five Mile Creek region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 6 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the available leases in the Five Mile Creek 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 720 sqft. Most properties in this market are around 1 stories. Most buildings in this region were built in 1969.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Five Mile Creek residents. Commuting under 5 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 Five Mile Creek.
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