On average, listings lease in the $20's per square foot per year. The Royal Business Park submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $29 per sqft per year.
Compared to the rest of the DFW Metroplex market, the Royal Business Park region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 2 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available space in the Royal Business Park are subleases, so you might be able to snag a great spot on a short term. 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 67,600 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 1 stories. Most buildings in this market were built in 1985 and are Class B.
Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Royal Business Park folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.