The typical asking rate per listing is in the $30's per square foot per year. The Lofts Canal Side submarket is going through a a boost in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 22% rise in rent.
Compared to the rest of the DFW Metroplex market, the Lofts Canal Side region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 18 listings have come on the market, which means spaces are probably 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 3,338 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market 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 area. 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.