The typical asking rate per listing is in the $10's per square foot per year. The Hillcrest Forest region is seeing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 33% decline in rent.
Compared to the rest of the DFW Metroplex market, the Hillcrest Forest region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 19 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the available leases in the Hillcrest Forest are subleases, so you might be able to find a shorter term or below market rent. 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 18,570 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 10 stories. Most buildings in this market were built in 1981 and are Class A.
A large portion of this region 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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.