On average, listings lease in the $20's per square foot per year. The Lofts Canal Side region is going through a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the DFW Metroplex market, the Lofts Canal Side submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 1 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the office spaces in the Lofts Canal Side 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 23,390 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 22 floors. Most buildings in this region were built in 1984 and are Class A.
This market is fairly equally mixed residential and commercial. Professional services is the dominant industry in this region. Most of the occupants of Lofts Canal Side work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.