On average, listings lease in the $30's per square foot per year. The Oak Lawn submarket is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the DFW Metroplex market, the Oak Lawn region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 79 listings have been made available, so you'll want to check back regularly for new listings. About 8% of the listings in the Oak Lawn are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 5,010 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 9 floors. Most buildings in this area were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Oak Lawn occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.