Prestonwood Sublease

Prestonwood

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
1,480
As of: May 20, 2017

Prestonwood Rates

On average, listings lease in the $20's per square foot per year. The Prestonwood submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decline in rent.

Compared to the rest of the DFW Metroplex market, the Prestonwood region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Prestonwood Listing Supply

In the last 90 days, 10 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the available space in the Prestonwood 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 1,480 sqft. Most properties in this area are approximately 3 floors. Most buildings in this market were built in 1985 and are Class B.

Prestonwood Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Prestonwood residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Prestonwood.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Prestonwood.
Research