2024 Office Space Rent & Sales
- $16.33 2024 Avg. Asking Rent
- 3.31% Y-o-Y Avg. Asking Rent Change
- 17.79% 2024 Office Vacancy Rate
Amarillo office price per square foot in 2024 was $16.33 on average. This marked a +3.31% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 17.79% 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
Amarillo, TX Office Asking Rents by Class
2024 Office Vacancy Rates in Amarillo
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Amarillo - Southwest | $17.12 | 14.54% |
| Amarillo - Northwest | $16.86 | 14.03% |
| Amarillo - Central | $15.93 | 21.59% |
| Amarillo - Southeast | $14.50 | 35.57% |
Coworking Spaces in Texas
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2024 Office Construction in Amarillo, TX
| Office building | Address | SF | Completed |
|---|---|---|---|
| 1375 N. Western | 1375 Western N, 79124 | 4,730 | 2024 |
| 7489 Pennsylvania Dr | 7489 Pennsylvania Dr, 79119 | 1,556 | 2024 |
| New Construction - Office For Lease | 1916 S Carolina, 79102 | 8,528 | 2019 |
| 600 S Buchanan St | 600 S Buchanan St, 79101 | 19,243 | 2016 |
| 600 S Buchanan St | 600 S Buchanan St, 79101 | 19,243 | 2016 |
| Maverick St Warehouses | 4602 - 4709 Maverick St, 79109 | 7,200 | 2016 |
| 7840 Hillside | 7840 Hillside Rd, 79119 | 2,223 | 2016 |
| 3350 Olsen | 3350 Olsen, 79109 | 25,250 | 2015 |
| 603 Quail Creek | 603 Quail Creek, 79124 | 13,969 | 2011 |
| 7501 Wallace Boulevard | 7501 Wallace Blvd, 79124 | 67,930 | 2007 |
Worth noting among recent office completions on the Amarillo market is 1375 N. Western, which is currently the largest new office development in the city, at 4,730 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 Amarillo 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.