The typical asking rate per listing is in the $30's per square foot per year. The Oak Lawn submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the DFW Metroplex market, the Oak Lawn submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 74 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the available leases in the Oak Lawn are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 4,340 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 9 floors. Most buildings in this market were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Oak Lawn occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.