On average, listings lease in the $10's per square foot per year. The Hillcrest Forest submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 33% decrease in rent.
Compared to the rest of the DFW Metroplex market, the Hillcrest Forest submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 19 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 5% of the office spaces in the Hillcrest Forest are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 18,570 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 10 floors. Most buildings in this market were built in 1981 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Utilities is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Hillcrest Forest occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.