On average, listings lease in the $20's per square foot per year. The Central Dallas submarket is going through a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 25% decline in rent.
Compared to the rest of the DFW Metroplex market, the Central Dallas submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 322 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the available leases in the Central Dallas are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,680 sqft. Most properties in this area are approximately 11 floors. Most buildings in this market were built in 1981 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Central Dallas occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.