The typical asking rate per listing is in the $30's per square foot per year. The Uptown submarket is going through a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 15% decrease in rent.
Compared to the rest of the DFW Metroplex market, the Uptown submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 27 listings have been listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the listings in the Uptown 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,960 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 9 floors. Most buildings in this area 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 market. Commute by car is the most popular way to get to work amongst Uptown folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.