2021 Office Space Rent & Sales
- $15.84 2021 Avg. Asking Rent
- 7.03% 2021 Office Vacancy Rate
Amarillo office price per square foot in 2021 was $15.84 on average. The local office market recorded an average vacancy rate of 7.03% across all asset classes combined.
Average Rent by Office Class
2021 Average Office Rent per Square Foot
- Amarillo Class A & A+ Office Space$20.94
- Amarillo Class B Office Space$15.98
- Amarillo Class C Office Space$10.40
- Texas Class A & A+ Office Space$35.57
- Texas Class B Office Space$23.85
- Texas Class C Office Space$18.04
Amarillo, TX Office Asking Rents by Class
Average office rent in Amarillo rested at $15.84 per square foot in 2021. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Amarillo averaged $20.94 per square foot. Across all submarkets, class B office space recorded an average asking rent of $15.98 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $10.40 per square foot, on average. Comparably, statewide Texas average office rents by class in 2021 were: $35.57 per square foot for class A office space; $23.85 per square foot for class B office space; $18.04 per square foot for class C office space.
2021 Office Vacancy Rates in Amarillo
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Amarillo - Southwest | $16.09 | 10.41% |
Amarillo - Central | $15.98 | 6.34% |
Amarillo - Northwest | $15.27 | 6.61% |
Coworking Spaces in Texas
- Houston Coworking Space
- Dallas Coworking Space
- Austin Coworking Space
- San Antonio Coworking Space
- Plano Coworking Space
- Fort Worth Coworking Space
- Irving Coworking Space
- Frisco Coworking Space
- McKinney Coworking Space
- Sugar Land Coworking Space
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- Katy Coworking Space
- Allen Coworking Space
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- Lubbock Coworking Space
- Richardson Coworking Space
- Southlake Coworking Space
- Conroe Coworking Space
- Denton Coworking Space
- El Paso Coworking Space
2021 Office Construction in Amarillo, TX
Office building | Address | SF | Completed |
---|---|---|---|
Paradise Villa's Office Park | 3701 Business Park Drive, 79110 | 4,500 | 2023 |
7845 Canyon Dr | 7845 Canyon Dr, 79110 | 8,093 | 2017 |
7845 Canyon Drive Unit 1 | 7845 Canyon Drive Unit 1, 79110 | 2,000 | 2017 |
3350 Olsen | 3350 Olsen, 79109 | 25,250 | 2015 |
Restaurant Space Available | 4104 I-40, 79102 | 4,339 | 2014 |
6822 Plum Creek Dr. | 6822 Plum Creek Dr., 79124 | 5,741 | 2004 |
Valero Credit Services Center | 7201 Canyon Dr, 79110 | 34,585 | 2003 |
WHA Building | 1301 South Coulter Street, 79106 | 81,180 | 2001 |
500 Quail Creek Dr | 500 Quail Creek Dr, 79124 | 6,765 | 2001 |
500 Quail Creek Dr | 500 Quail Creek Dr, 79124 | 6,765 | 2001 |
Worth noting among recent office completions on the Amarillo market is Paradise Villa's Office Park, which is currently the largest new office development in the city, at 4,500 square feet.
See reports for other markets
- Houston Office Rent Price
- Austin Office Rent Price
- San Antonio Office Rent Price
- Dallas Office Rent Price
- Fort Worth Office Rent Price
- Plano Office Rent Price
- Irving Office Rent Price
- Richardson Office Rent Price
- The Woodlands Office Rent Price
- Arlington Office Rent Price
- New York City Office Rent Price
- Miami Office Rent Price
- Los Angeles Office Rent Price
- Seattle Office Rent Price
- Phoenix Office Rent Price
- Atlanta Office Rent Price
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 2021 through December 31st 2021. Construction pipeline data represented herein is valid as of April 2022. 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.