Energy Square

Off Market

505 North Big Spring Street, Midland, TX 79701

  • Office
  • General Office
  • 79,936 Sqft

Energy Square, Midland, TX 79701 - Office Space

Energy Square is located at 505 North Big Spring Street in the Homestead-Original Town neighborhood, TX, Midland, 79701. The Class B Office building was completed in 1981 and features a total of 79,936 Sqft.

There are 45 office spaces for lease in the Homestead-Original Town neighborhood, totaling 140,862 Sqft of available office space. The office space availability for the 79701 zip code is 142,075 Sqft, in 46 office spaces. The average asking office rent per sq. ft. in Homestead-Original Town is $22.11/sqft/year. For Class A office buildings the average office rate is $25/sqft/year, for Class B office buildings the average office rate is $21.75/sqft/year.

In Homestead-Original Town, there are 24 class B office buildings. In 1981, the same year Energy Square was built, 4 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Midland, featuring 485,125 square feet of commercial space. At zip code level, there are 31 commercial properties, of which 27 are office buildings over 50,000 square feet.

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Details

  • City Midland
  • Neighborhood Homestead-Original Town
  • Zip Code 79701
  • Market Midland Odessa
  • Property Type Office - General Office
  • Property Size 79,936 Sqft
  • Lot Size 0.96 Acre
  • Parking Spaces Avail. 71
  • Parking Ratio 0.90/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1981
  • Date Updated 07 Apr, 2020

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of Energy Square?

Energy Square totals 79,936 square feet.

When was this property built?

Energy Square was built in 1981.

Homestead-Original Town Demographics

The average household income in zip code 79701 is $75,576, from a total of 10,006 households. In terms of employment, there are 68.87 % white-collar and 31.13 % blue-collar jobs in zip code 79701.

Population

  • Total Population3,808
  • Male Population(49.8 %) 1,898
  • Female Population(50.2 %) 1,910
  • Median Age31.00

Income/Financial

  • Average Household Income$80,261
  • Median Household Income$71,162
  • Median Income Under 25$43,540
  • Median Income 25-44$85,232
  • Median Income 45-64$78,315
  • Median Income Over 65$38,414