The typical asking rate per listing is in the $40's per square foot per year. The Uptown region is seeing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the DFW Metroplex market, the Uptown submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 262 listings have come on the market, so you'll want to check back regularly for new listings. About 11% of the available leases in the Uptown are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,940 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 8 floors. Most buildings in this market were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Uptown occupants. Commuting close to 30 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 Uptown.
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