The impressive economic expansion experienced throughout the DFW Metroplex has transformed certain areas into financial powerhouses. The Southlake community of Fort Worth perfectly embodies this evolution with its enviable combination of professional firms, an attractive lifestyle, and clear goals for the future.
As your local experts in Fort Worth commercial real estate, TenantBase can help your organization take full advantage of the many benefits office space in Southlake provides. Choose wisely and according to your company’s specific needs and vision to make a business address in Southlake a powerful asset that serves your operations, employees, and customers well into the future.
Office Space in Southlake
Southlake is a quintessential suburban town that mixes several professional-oriented complexes with an appealing lifestyle. Several large financial firms have a significant presence in Southlake along with sales offices from a variety of Fortune 500 companies. Southlake is also a draw for the medical industry to further extend the area’s far-reaching draw across many economic sectors.
Businesses can expect to find several multistory office buildings and garden office complexes throughout Southlake that primarily feature Class A and A+ office space. The area also boasts a growing co-working space movement and substantial retail space to form a well-rounded foundation of commercial properties.
Southlake office space skews towards the smaller side of the spectrum with space averaging between 2,500 sq ft and 4,000 sq ft. Rents vary according to location and the type of space with garden office complexes averaging roughly $20/sq ft plus nets and space within multistory buildings approximately $30/sq ft plus nets. The nearly 3.2 million sq ft of existing office space has a vacancy rate of 18.5% whereas Southlake’s almost 4 million sq ft of retail space has a much lower vacancy rate of 4.2%.
Parking is typically not an issue in Southlake as most office facilities have ample on-site parking. The area continues its rapid growth typified by the impressive Southlake Town Square development with its appealing multiuse mix of office space, dining, and shopping options. High personal income levels will also continue to drive further residential and retail development as well as additional corporate parks throughout Southlake.
Working in Southlake
The town’s convenient and centralized location makes it especially appealing to talent looking for convenient commuting options. Traffic throughout the town is relatively easy and local businesses enjoy convenient access to the airport as well as Highways 114 and 360 from Southside. 114 is a particularly welcomed benefit since it provides access to most of the major highways crisscrossing the Metroplex.
Southlake’s many amenities are another powerful tool to draw talent into local companies. A substantial retail footprint as well as a large and eclectic mix of restaurants give employees several shopping and dining options. Nearby Grapevine Lake features many mountain bike and walking trails that provide additional recreation and green space to join Southlake’s many local parks.
With attractive amenities, several appealing residential tracts, and convenient commuting options, office space in Southlake provides employees with a satisfying mix of work and lifestyle benefits. TenantBase can help you in your search for the ideal office space in Southlake so your organization's new home serves as a springboard towards growth and success.