2024 Office Space Rent & Sales
- $28.13 2024 Avg. Asking Rent
- 18.79% 2024 Office Vacancy Rate
Allen office price per square foot in 2024 was $28.13 on average. The local office market recorded an average vacancy rate of 18.79% 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
- Texas Class A & A+ Office Space$38.26
- Texas Class B Office Space$24.71
- Texas Class C Office Space$19.84
Allen, TX Office Asking Rents by Class
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2024 Office Construction in Allen, TX
- Allen, TX Total SF completed in 2024 102,000
During 2024, 102,000 square feet of new office space were delivered across the market. At the close of 2024, the Allen office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 102,000 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| The Ranch | 265 W Exchange Pkwy, 75013 | 181,400 | 2025 |
| One Bethany West | 950 W Bethany Dr, 75013 | 200,000 | 2020 |
| One Bethany West at Watters Creek | 950 West Bethany Drive, 75013 | 200,000 | 2020 |
| One Bethany East | 900 West Bethany Drive, 75013 | 120,170 | 2018 |
| Exchange Pkwy | 975 W. Exchange Pkwy, 75013 | 8,582 | 2018 |
| Texas Health Presbyterian Hospital Allen - MOB 3 | 1120 Raintree Circle, 75013 | 48,108 | 2017 |
| Allen Corporate Center | 740-800 N. Watters Road, 75013 | 22,628 | 2015 |
| The Village at Allen | 190 East Stacy Road, 75002 | 836,022 | 2009 |
| Presbyterian Allen Medical Office Building | 1105 N Central Expressway, 75013 | 62,061 | 2006 |
| 40 E McDermott Dr | 40 E McDermott Dr, 75002 | 5,290 | 2006 |
Worth noting among recent office completions on the Allen market is The Ranch, which is currently the largest new office development in the city, at 181,400 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 Allen 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.