On average, listings lease in the $30's per square foot per year. The Preston Square region is seeing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the DFW Metroplex market, the Preston Square region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 29 listings have been made available, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 52% of the available leases in the Preston Square are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,210 sqft. Most buildings in this area are around 16 stories. Most buildings in this area were built in 1984 and are Class A.
Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Preston Square residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.