The typical asking rate per listing is in the $30's per square foot per year. The Arts District submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $33 per sqft per year.
Compared to the rest of the DFW Metroplex market, the Arts District submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 0 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the available leases in the Arts District are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 35,030 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 50 stories. Most buildings in this area were built in 1986 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Arts District folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.