On average, listings lease in the $40's per square foot per year. The Victory Park submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $17 per sqft per year. That's a 59% increase in rent.
Compared to the rest of the DFW Metroplex market, the Victory Park region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 15 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the available space in the Victory Park are subleases, so you will probably have to focus your search on direct office leases. 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 28,440 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 7 floors. Most buildings in this area were built in 2006 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the folk of Victory Park work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.