On average, listings lease in the $50's per square foot per year. The Uptown region is experiencing a a boost in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 12% rise in rent.
Compared to the rest of the DFW Metroplex market, the Uptown 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, 36 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 58% of the available space in the Uptown 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,750 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 8 stories. 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. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Uptown occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.