The typical asking rate per listing is in the $20's per square foot per year. The Lofts Canal Side region is going through a decrease in rates. In the last 3 months, the median rate decreased $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 greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 100% of the listings in the Lofts Canal Side 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 available, 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 region are approximately 22 floors. Most buildings in this area were built in 1984 and are Class A.
This area is fairly equally mixed residential and commercial. Professional services is the dominant industry in this region. Most of the residents of Lofts Canal Side work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.