The typical asking rate per listing is in the $30's per square foot per year. The Downtown Fort Worth submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 16% decline in rent.
Compared to the rest of the DFW Metroplex market, the Downtown Fort Worth submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 5 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 40% of the listings in the Downtown Fort Worth 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 8,480 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this region were built in 1975 and are Class A.
This market is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst Downtown Fort Worth folk. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.