Dallas, TX Office Space for Rent
Dallas has rightfully earned its status of highly desirable destination — the high-quality real estate is just one of the many aspects that contribute to its overall attraction. Dallas is home to a rich commercial real estate sector. The local office market benefits greatly from the fact that Dallas has plenty of space to sprawl. Being part of what might just be the best-connected metroplex in the U.S., "Big D" has formed proper corridors for all of its diverse economic sectors and offers retail and office space in both modest- and headquarters campus-size.
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The average listing size for office space for rent in Dallas is 6,288 square feet. Should your enterprise require a more modest area in which to operate, locally listed vacancies include office rentals as small as 84 square feet. Businesses in the market for big-box space will find that listings go up to 594,000 square feet. There are currently 4,904 office spaces listed locally.
Two Lincoln Centre
Office
16 Spaces / 119,633 Sqft
Signature Exchange
Office
20 Spaces / 63,467 Sqft
One Lincoln Centre
Office
4 Spaces / 13,408 Sqft
Sherry Lane Place
Office
6 Spaces / 22,308 Sqft
The Towers at Park Central 7
Office
4 Spaces / 77,358 Sqft
International Plaza II
Office
9 Spaces / 231,783 Sqft
7920 Belt Line Road
Office
13 Spaces / 35,068 Sqft
Toll Hill Office Park - West Building
Office
12 Spaces / 30,910 Sqft
Stone Tower
Office
14 Spaces / 58,957 Sqft
Dallas Office Space Market Stats
Home to one of the largest and busiest international airports in the U.S. and conveniently located at the juncture of several very busy interstate highways, Dallas boasts almost unparalleled connectivity. What's more, the inventory of local office listings is rich in variety of sizes, rates, and construction grade.
There are 31,969,915 square feet of office space for rent in Dallas, with rents averaging at $23.12 per square foot per year. The average size of properties with vacancies on the market is 348,808 square feet. Listings include office space in trophy grade properties, which command rents of $30.70 per square foot per year, on average.
The 4,904 office spaces currently listed locally span all asset classes. Of all the buildings with listed availabilities, 236 are class A, 15 are class A+, 465 are grade B, and 75 are class C office properties. A total of 59 buildings with available space are LEED-certified. Much like listing size, rents also vary significantly across the local inventory — in Dallas, rents start at $6.00 per square foot per year, and go up to $46.00 per square foot per year.
Commercial real estate news
From our blog
Life Sciences & Biotech Hub Planned for Dallas Pegasus Park
July 15, 2020
Lyda Hill Philanthropies and J. Small Investments recently announced their future-focused redevelopment plans for Pegasus Park. The project aims to boost the science and tech scenes in Dallas and turn the former ExxonMobil campus into a hub for innovation and social influence.
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Lingerfeld Commonwealth Sells Tampa Office Building
July 7, 2020
Richmond, Va.-based commercial real estate investment firm Lingerfeld Commonwealth Partners (LCP) recently announced the sale of Buschwood III in Tampa, Fla., to fellow Virginia-based company Continental Capital Partners (CCP). The sale price was reported to be $10.35 million.
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Rexford Closes on $73M SoCal Infill Portfolio
July 3, 2020
Rexford Industrial Realty Inc., a real estate investment trust (REIT) focused on investing in and operating property in Southern California infill markets, recently completed the purchase of a five-property portfolio for $73.2 million. The acquisition incorporates 434,000 square feet of both value-add and institutional-quality assets.
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