Prestonwood Office Space

Prestonwood

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
6,690
As of: July 26, 2017

Prestonwood Rates

On average, listings lease in the $30's per square foot per year. The Prestonwood submarket is going through a a rise in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 14% increase in rent.

Compared to the rest of the DFW Metroplex market, the Prestonwood region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Prestonwood Listing Supply

In the last 90 days, 10 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 110% of the office spaces in the Prestonwood 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 available, so finding a space for a small business might be tough.

Even though the median size is 6,690 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this market were built in 1985 and are Class B.

Prestonwood Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Prestonwood folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Prestonwood.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Prestonwood.
Research