Preston Square Retail

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Preston Square

Office Space Market Report

Number of Listings (last 90 days)
27
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
6,300
As of: February 26, 2017

Preston Square Rates

Most listings are in the $30's per square foot per year. The Preston Square region is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 11% decrease in rent.

Compared to the rest of the DFW Metroplex market, the Preston Square region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Preston Square Listing Supply

In the last 90 days, 27 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 4% of the office spaces in the Preston Square 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 posted, so finding a space for a small business might be tough.

Even though the median size is 6,300 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 16 stories. Most buildings in this area were built in 1983 and are Class A.

Preston Square Community

Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Preston Square occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Preston Square.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Preston Square.
Research