On average, listings lease in the $40's per square foot per year. The Victory Park submarket is going through a decrease in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 26% decrease in rent.
Compared to the rest of the DFW Metroplex market, the Victory Park region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 8 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 13% of the listings in the Victory Park are subleases, so you might be able to snag a great spot on a short term. 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 23,440 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 7 floors. Most buildings in this region were built in 2006 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the folk of Victory Park work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.