On average, listings lease in the $10's per square foot per year. The Southlake region is seeing a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 40% decrease in rent.
In the last 90 days, 6 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the office spaces in the Southlake are subleases, so you might be able to find a shorter term or below market rent. 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 15,780 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 1 stories.
Public administration is the dominant industry in this area. Most of the occupants of Southlake work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.