The typical asking rate per listing is in the $20's per square foot per year. The Royal Business Park region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the DFW Metroplex market, the Royal Business Park submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 6 listings have been posted online, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 33% of the listings in the Royal Business Park are subleases, so you might be able to snag a great spot on a short term. 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 38,200 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 1 floors. Most buildings in this region were built in 1985 and are Class B.
Professional services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Royal Business Park folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.