The typical asking rate per listing is in the $30's per square foot per year. The Arts District submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $37 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the DFW Metroplex market, the Arts District 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, 1 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available space in the Arts District 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,830 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 50 floors. Most buildings in this area were built in 1986 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Arts District occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.