The typical asking rate per listing is in the $30's per square foot per year. The Oak Lawn region is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the DFW Metroplex market, the Oak Lawn submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 74 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the listings in the Oak Lawn 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,340 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 9 floors. Most buildings in this region 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. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Oak Lawn residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.