On average, listings lease in the $30's per square foot per year. The Prestonwood submarket is seeing a decline in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 1% decrease in rent.
Compared to the rest of the DFW Metroplex market, the Prestonwood region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 151 listings have come on the market, so you'll want to check back regularly for new listings. About 15% of the office spaces in the Prestonwood are subleases, so you might be able to find a shorter term or below market rent. 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 measurement for office space in this area is around 1,200 sqft. Most properties in this market are approximately 3 floors. Most buildings in this market were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Prestonwood folk. Commuting close to 10 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 Prestonwood.
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