On average, listings lease in the $20's per square foot per year. The Ridglea North submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the DFW Metroplex market, the Ridglea North submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 4 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the office spaces in the Ridglea North are subleases, so you might be able to snag a great spot on a short term. 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 8,480 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 1 floors. Most buildings in this market were built in 1973 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Ridglea North occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.