On average, listings lease in the $20's per square foot per year. The Hillcrest Forest submarket is going through a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the DFW Metroplex market, the Hillcrest Forest submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 20 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the office spaces in the Hillcrest Forest are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 4,660 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 10 floors. Most buildings in this region 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 area. Commute by public transit is the most popular way to get to work amongst Hillcrest Forest folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.