The typical asking rate per listing is in the $20's per square foot per year. The Merriman Park-University Manor region is seeing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the DFW Metroplex market, the Merriman Park-University Manor submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 2 listings have been listed, which means new availabilities 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.
The standard measurement for office space in this area is around 800 sqft. Most properties in this market are approximately 6 floors. Most buildings in this area were built in 1981 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Merriman Park-University Manor residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.