The typical asking rate per listing is in the $30's per square foot per year. The Arts District submarket is going through a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the DFW Metroplex market, the Arts District submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 23,270 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 50 floors. Most buildings in this area were built in 1986 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Arts District residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.