Highlights
- The average rent for office space in Allen is $27.42 per square foot, 2.50% lower compared to the previous year.
- The market’s vacancy rate stands at 17.74%, higher than the state average of Texas, which is 17.16%.
- 73,209 square feet is currently under construction.
2025 Office Space Rent & Sales
- $27.42 2025 Avg. Asking Rent
- -2.50% Y-o-Y Avg. Asking Rent Change
- 17.74% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Allen?
Average asking rents for office space here stand at $27.42 per square foot. The local office market recorded an average vacancy rate of 17.74% in 2025, unchanged from 17.74% in 2024.
Allen, TX Office Asking Rents by Class
What is the average office rent per square foot by property class in TX?
- Avg. Asking Rent Class A & A+$39.66
- Avg. Asking Rent Class B$24.95
- Avg. Asking Rent Class C$20.18
For comparison, the average rent for Class A and A+ office space in Texas was $39.66 per square foot. The state-wide average for Class B space was $24.95 per square foot, and Class C office spaces averaged $20.18 per square foot.
Office Construction in Allen, TX
- Allen, TX Total SF under construction in 2026 73,209
What are the largest recent office completions in Allen?
The largest recent office completion here is The Village at Allen at 836,022 square feet, completed in 2009. The next largest completions are One Bethany West at Watters Creek and The Ranch.
| Office building | Address | SF | Completed |
|---|---|---|---|
| The Ranch | 265 W Exchange Pkwy, 75013 | 181,400 | 2025 |
| Allen Tech Hub | 1255 South Watters Road, 75013 | 105,000 | 2022 |
| Allen Tech Hub | 1050 South Central Expressway, 75013 | 100,252 | 2022 |
| One Bethany West at Watters Creek | 950 West Bethany Drive, 75013 | 200,000 | 2020 |
| Texas Health Presbyterian Hospital Allen - MOB 3 | 1120 Raintree Circle, 75013 | 48,108 | 2017 |
| Raintree Exchange Building | 1125 Raintree Circle, 75013 | 36,000 | 2016 |
| The Village at Allen | 190 East Stacy Road, 75002 | 836,022 | 2009 |
| The Offices at Raintree | 977 Raintree Cir, 75013 | 16,038 | 2009 |
| McDermott Office Park | 40 E McDermott Dr, 75002 | 5,290 | 2006 |
| Twin Creeks MOB I - II | 1101 Raintree Circle, 75013 | 35,000 | 2005 |
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.