The typical asking rate per listing is in the $20's per square foot per year. The Royal Business Park submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $29 per sqft per year.
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, 2 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the office spaces 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 posted, so finding a space for a small business might be tough.
Even though the median size is 67,600 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this market were built in 1985 and are Class B.
Professional services is the dominant industry in this market. 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.