On average, listings lease in the $20's per square foot per year. The Lofts Canal Side submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the DFW Metroplex market, the Lofts Canal Side region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 1 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the office spaces in the Lofts Canal Side 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 posted, so finding a space for a small business might be tough.
Even though the median size is 23,390 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 22 stories. Most buildings in this region were built in 1984 and are Class A.
This region is fairly equally mixed residential and commercial. Professional services is the dominant industry in this region. Most of the folk of Lofts Canal Side work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.