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Addison Office Rent Price & Sales Report

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.

Largest Office Properties Recently Completed in Addison
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.

Data provided by Commercial Edge

See reports for nearby markets

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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 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.

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