On average, listings lease in the $20's per square foot per year. The Ridglea Hills region is going through a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the DFW Metroplex market, the Ridglea Hills submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 9 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 11,930 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region were built in 1993 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Ridglea Hills residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.