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Most commerial real estate listings for lease are in the $30's per square foot per year. The Southwest Dallas region is experiencing a a boost in rates. In the last 3 months, the median rate for lease rose $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the DFW Metroplex commercial real estate market, the Southwest Dallas region has higher rates for rent, and you may have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 148 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 1% of the commercial real estate listings in the Southwest Dallas 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 available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 1,590 sqft. Most properties in this market are around 1 stories. Most buildings in this area were built around 1978 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Southwest Dallas occupants. Commuting around an hour 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 Southwest Dallas.
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