The typical asking rate per listing is in the $20's per square foot per year. The Hillcrest Forest region is going through a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 21% decline in rent.
Compared to the rest of the DFW Metroplex market, the Hillcrest Forest region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 19 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 205% of the listings in the Hillcrest Forest 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.
The standard measurement for office space in this area is around 1,550 sqft. Most properties in this region are close to 10 stories. Most buildings in this area were built in 1981 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Utilities is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Hillcrest Forest occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.