Allen Office Market Trends

Office Rental Market

  • $27.10 2019 Avg. Asking Rent
  • 11.39 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 200,000 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Allen was $27.10 per square foot, and the office vacancy rate across the market averaged 11.39 %. During 2019, developers added 0 square feet of new office space to the Allen market inventory. Office developments estimated for delivery during 2020 total 200,000 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Allen Class A Office Buildings$30.63
  • Allen Class B Office Buildings$23.46
  • TX Class A Office Buildings$34.48
  • TX Class B Office Buildings$23.32
  • TX Class C Office Buildings$16.03

Allen, TX Office Asking Rents by Class

OFFICE CONSTRUCTION IN Allen, TX

  • Allen, TX Total Sqft completed in 2019 0
  • Allen, TX Total Sqft under construction in 2020 200,000
10 Largest Office Buildings in Allen
Building name Address Total Sqft Year built
One Bethany West at Watters Creek 950 West Bethany Drive, 75013 200,000 2020
701 Experian Pkwy 701 Experian Pkwy, 75013 182,400 1983
Millennium Business Park - 600 Millennium Drive 600 Millennium Drive, 75013 164,866 1996
One Allen Center 700 Central Expwy South, 75013 150,509 2006
NetScout at One Bethany 915 Guardians Way, 75013 145,000 2018
WatchGuard Video Headquarters 420 East Exchange Pkwy, 75002 140,009 2018
One Bethany East at Watters Creek 701 South Watters Road, 75013 125,000 2018
Allen Office Center 805 S Central Expy, 75013 115,200 1998
601 Experian Pkwy 601 Experian Pkwy, 75013 110,300 1982
The Office Campus at Allen 1101 Central Expwy South, 75013 104,888 2005
Largest Office Properties Recently Completed in Allen
Office building Address Sqft Completed
One Bethany West at Watters Creek 950 West Bethany Drive, 75013 200,000 2020
NetScout at One Bethany 915 Guardians Way, 75013 145,000 2018
WatchGuard Video Headquarters 420 East Exchange Pkwy, 75002 140,009 2018
One Bethany East at Watters Creek 701 South Watters Road, 75013 125,000 2018
Texas Health Presbyterian Hospital Allen - MOB 3 1120 Raintree Circle, 75013 48,108 2017
550 South Watters Road 550 South Watters Road, 75013 37,931 2017
AllenPlace - Building 1 450 Century Pkwy, 75013 102,471 2016
Raintree Exchange Building 1125 Raintree Circle, 75013 36,000 2016
Corporate Center at Twin Creeks - Corporate Center Three & Four 760 North Watters Road, 75013 42,324 2015
Watters Creek at Montgomery Farms - The Offices at Watters Creek 825 Watters Creek Blvd, 75013 97,000 2007
Data provided by Commercial Edge

Office Spaces for Rent in Texas

See trends for nearby markets

The Allen office market contains an inventory of 2,460,189 square feet of office space, in 42 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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.