Highlights
- The average rent for office space in Amarillo is $17.21 per square foot, 5.41% higher compared to the previous year.
- The market’s vacancy rate stands at 18.22%, higher than the state average of Texas, which is 17.16%.
- 32,198 square feet is currently under construction.
2025 Office Space Rent & Sales
- $17.21 2025 Avg. Asking Rent
- 5.41% Y-o-Y Avg. Asking Rent Change
- 18.22% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Amarillo?
Average asking rents for office space here stand at $17.21 per square foot. The local office market recorded an average vacancy rate of 18.22% in 2025, unchanged from 18.22% in 2024.
Amarillo, 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.
Amarillo, TX Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Amarillo - Southwest | $20.82 | 14.56% |
| Amarillo - Northwest | $17.74 | 21.51% |
| Amarillo - Central | $15.59 | 17.01% |
| Amarillo - Southeast | $14.50 | 34.68% |
Office Construction in Amarillo, TX
- Amarillo, TX Total SF under construction in 2026 32,198
What are the largest recent office completions in Amarillo?
The largest recent office completion here is IBM Building at 54,052 square feet, completed in 1985. The next largest completions are 600 S Buchanan St and 8101 SW 34th.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Patriot Park | Soncy & Patriot Dr, 79119 | 3,750 | 2026 |
| New Construction - Office For Lease | 1916 S Carolina, 79102 | 8,528 | 2019 |
| 7619 Hillside Road | 7619 Hillside Road, 79119 | 2,050 | 2019 |
| 7629 Hillside Rd | 7629 Hillside Rd, 79119 | 2,958 | 2018 |
| 600 S Buchanan St | 600 S Buchanan St, 79101 | 23,097 | 2016 |
| Professional Office off S. Georgia in Amarillo | 2620 S Kentucky St, 79109 | 2,376 | 2012 |
| Office Warehouse Available - 4011 Business Park Dr. | 4011 Business Park Drive, 79110 | 4,471 | 2011 |
| Office Warehouse Available - 4011 Business Park Dr. | 4011 Business Park Drive, 79110 | 4,471 | 2011 |
| 8101 SW 34th | 8101 34th SW Ave , 79121 | 20,795 | 1986 |
| IBM Building | 7201 West Interstate 40, 79106 | 54,052 | 1985 |
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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.