On average, listings lease in the $20's per square foot per year. The Victory Park submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $22 per sqft per year. That's a 44% decrease in rent.
Compared to the rest of the DFW Metroplex market, the Victory Park region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 8 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the listings in the Victory Park 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 5,080 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 7 stories. Most buildings in this area were built in 2006 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the occupants of Victory Park work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.