2024 Office Space Rent & Sales
- $26.78 2024 Avg. Asking Rent
- -1.70% Y-o-Y Avg. Asking Rent Change
- 21.98% 2024 Office Vacancy Rate
Addison office price per square foot in 2024 was $26.78 on average. This marked a -1.70% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 21.98% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Addison Class A & A+ Office Space$34.22
- Addison Class B Office Space$21.04
- Addison Class C Office Space$16.48
- Texas Class A & A+ Office Space$38.26
- Texas Class B Office Space$24.71
- Texas Class C Office Space$19.84
Addison, TX Office Asking Rents by Class
Average office rent in Addison rested at $26.78 per square foot in 2024. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Addison averaged $34.22 per square foot. Across all submarkets, class B office space recorded an average asking rent of $21.04 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $16.48 per square foot, on average. Comparably, statewide Texas average office rents by class in 2024 were: $38.26 per square foot for class A office space; $24.71 per square foot for class B office space; $19.84 per square foot for class C office space.
Coworking Spaces in Texas
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2024 Office Construction in Addison, TX
| Office building | Address | SF | Completed |
|---|---|---|---|
| Methodist Addison | 17051 North Dallas Parkway, 75001 | 79,825 | 2013 |
| 15505 Wright Bros & 15504 Midway | 15505 Wright Brothers Drive, 75001 | 78,569 | 2010 |
| Two Addison Circle | 15725 Dallas Pkwy., 75001 | 198,686 | 2009 |
| 4301 Wiley Post Road | 4301 Wiley Post Road, 75001 | 79,944 | 2008 |
| Millennium Tower | 15455 Dallas Pky, 75001 | 357,102 | 1999 |
| Millennium Tower | 15455 Dallas Pkwy, 75001 | 357,102 | 1999 |
| 5040 Addison Circle | 5040 Addison Circle, 75001 | 51,663 | 1999 |
| Addison Plaza at Belt Line | 3711 Belt Line Road, 75001 | 32,137 | 1999 |
| Addison Circle One | 15601 Dallas Pkwy, 75001 | 293,787 | 1998 |
| Addison Circle One | 15601 Dallas Pky, 75001 | 293,787 | 1998 |
Worth noting among recent office completions on the Addison market is Methodist Addison, which is currently the largest new office development in the city, at 79,825 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Addison commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.