2020 Office Space Rent & Sales
- $26.82 2020 Avg. Asking Rent
- -4.34% Y-o-Y Avg. Asking Rent Change
- 16.83% 2020 Office Vacancy Rate
Addison office price per square foot in 2020 was $26.82 on average. This marked a -4.34% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 16.83% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Addison Class A Office Space$30.59
- Addison Class B Office Space$19.85
- Texas Class A Office Space$35.41
- Texas Class B Office Space$23.36
- Texas Class C Office Space$16.89
Addison, TX Office Asking Rents by Class
2020 Office Construction in Addison, TX
- Addison, TX Total SF completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Addison office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 15207 Addison Road | 15207 Addison Road, 75001 | 25,000 | 2019 |
| 15125 Quorum Drive | 15125 Quorum Drive, 75001 | 33,131 | 2015 |
| Two Addison Circle | 15725 Dallas Pkwy, 75001 | 198,484 | 2008 |
| 4301 Wiley Post Road | 4301 Wiley Post Road, 75001 | 79,944 | 2008 |
| 15900 Dooley Road | 15900 Dooley Road, 75001 | 27,934 | 2006 |
| 3885 Arapaho Road | 3885 Arapaho Road, 75001 | 60,000 | 2002 |
| Millennium Tower | 15455 Dallas Pkwy, 75001 | 357,102 | 1999 |
| Sojourn Office Center | 4450 Sojourn Drive, 75001 | 92,346 | 1999 |
| 5040 Addison Circle | 5040 Addison Circle, 75001 | 51,663 | 1999 |
| Addison Circle One | 15601 Dallas Pkwy, 75001 | 293,787 | 1998 |
Worth noting among recent office completions on the Addison market is 15207 Addison Road, which is currently the largest new office development in the city, at 25,000 square feet.
See reports for nearby markets
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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. 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.