The typical asking rate per listing is in the $20's per square foot per year. The City Center District submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 26% rise in rent.
Compared to the rest of the DFW Metroplex market, the City Center District region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 218 listings have come on the market, so you'll want to check back regularly for new listings. About 94% of the office spaces in the City Center District are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,260 sqft. Most buildings in this region are close to 33 stories. Most buildings in this market were built in 1975 and are Class A.
Finance and insurance are the dominant industries in this market. Most of the occupants of City Center District work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.