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Most commerial real estate listings for lease are in the $30's per square foot per year. The Parkway region is going through a a boost in rates. In the last 3 months, the median rate for lease rose $32 per sqft per year.
Compared to the rest of the DFW Metroplex commercial real estate market, the Parkway submarket has greater rates for rent, and you may have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 12 commercial real estate listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 1,940 sqft. Most buildings in this market are around 3 stories. Most buildings in this market were built approximately 2006 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 region. Commute by walking is the most popular way to get to work amongst Parkway occupants. 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 Parkway.
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