On average, listings lease in the $30's per square foot per year. The Arts District submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the DFW Metroplex market, the Arts District submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 23,270 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 50 stories. Most buildings in this area were built in 1986 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Arts District folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.