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Most commerial real estate listings for lease are in the $30's per square foot per year. The Oak Lawn submarket is experiencing a decline in rates. In the last 3 months, the median rate for lease fell $7 per sqft per year.
Compared to the rest of the DFW Metroplex commercial real estate market, the Oak Lawn region has higher rates for rent, and you may need to pay a premium to be in this hot submarket.
In the last 90 days, 611 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the commercial real estate listings in the Oak Lawn are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard size for office space in this area is around 650 sqft. Most buildings in this area are around 7 stories. Most buildings in this area were built approximately 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Oak Lawn folk. Commuting more than 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 Oak Lawn.
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