On average, listings lease in the $20's per square foot per year. The Downtown Dallas submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 20% increase in rent.
Compared to the rest of the DFW Metroplex market, the Downtown Dallas submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 245 listings have come on the market, so you'll want to check back regularly for new listings. About 95% of the office spaces in the Downtown Dallas 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.
The standard measurement for office space in this area is around 1,660 sqft. Most properties in this region are around 25 floors. Most buildings in this market were built in 1964 and are Class A.
Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Dallas residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.