Arlington Office Rent Price & Sales Report

2021 Office Space Rent & Sales

  • $21.61 2021 Avg. Asking Rent
  • 9.97% 2021 Office Vacancy Rate
  • $77.6M2021 Total Office Sales
  • $155.60Avg. Sale Price/SF

Arlington office price per square foot in 2021 was $21.61 on average. The local office market recorded an average vacancy rate of 9.97% across all asset classes combined. The 5 transactions that closed here throughout 2021 amounted to a total sale volume of $77.6M. Arlington office space commanded an average sale price per square foot of $155.60.

Average Rent by Office Class

2021 Average Office Rent per Square Foot

  • Arlington Class A & A+ Office Space$22.41
  • Arlington Class B Office Space$21.67
  • Arlington Class C Office Space$18.69
  • Texas Class A & A+ Office Space$35.57
  • Texas Class B Office Space$23.85
  • Texas Class C Office Space$18.04

Arlington, TX Office Asking Rents by Class

Average office rent in Arlington rested at $21.61 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 Arlington averaged $22.41 per square foot. Across all submarkets, class B office space recorded an average asking rent of $21.67 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $18.69 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.

Office Spaces for Rent in Texas

Arlington Office Sale Price per SF

  • $155.602021 Avg. Price per SF
  • -25.77%Y-o-Y Avg. PpSF Change
  • $77.6M2021 Office Sales Volume
  • 52021 Number of Transactions

Arlington, TX Sale Price per SF Trend

  • Arlington Avg. Sale Price per SF in 2021$155.60
  • Texas Avg. Sale Price per SF in 2021$261.88
Arlington office space cost in 2021 marked a -25.77% change compared to the previous year. The sale price for office space in Arlington averaged $155.60 per square foot in 2021, across all market subdivisions and asset classes. Conversely, the statewide Texas average office sale price during the same time period was $261.88 per square foot.

2021 Office Sales Volume

  • Arlington, TX Total Office Sales Volume in 2021 $77.6M
  • Arlington, TX Total Number of Office Sales Closed in 2021 5
A total of 5 deals closed on the Arlington office market in 2021, adding up to a yearly sales volume of $77.6M. Notably, the largest transaction on the market saw Centerpoint Four change hands for $23,591,390 on 8/19/2021.

Largest Arlington Office Sales in 2021

Property name Address Date Price
Centerpoint Four 2401 East Randol Mill Road 8/19/2021 $23,591,390
Centerpoint Three 600 Six Flags Drive 8/19/2021 $19,167,060
Centerpoint Two 616 Six Flags Drive 8/19/2021 $14,001,070
Centerpoint One 624 Six Flags Drive 8/19/2021 $12,140,480
701 Highlander Blvd 701 Highlander Blvd 11/1/2021 $8,678,250
Data provided by Commercial Edge

Coworking Spaces in Texas

2021 Office Construction in Arlington, TX

Largest Office Properties Recently Completed in Arlington
Office building Address SF Completed
380 E Front Street - Urban Union 380 E Front Street, 76011 10,744 2023
4600 Park Springs Blvd Suite 100 Arlington 4600 Park Springs Blvd Suite 100 Arlington, 76017 7,326 2019
3050 S Center St 3050 S Center St, 76014 22,442 2015
Arlington Medical Office Building 902 W Randol Mill Road, 76012 53,325 2012
The Village at Sports Center 5001 South Cooper Street, 76017 98,789 2009
1216 Florida Dr 1216 Florida Dr, 76015 5,847 2008
Vandergriff Town Center 200 North Mesquite St, 76011 28,711 2006
2005 NE Green Oaks Blvd 2005 NE Green Oaks Blvd, 76006 20,000 2006
306 E Randol Mill Rd 306 E Randol Mill Rd, 76011 11,275 2004
1401 Nolan Ryan Expwy 1401 Nolan Ryan Expwy, 76011 161,808 2003

Worth noting among recent office completions on the Arlington market is 380 E Front Street - Urban Union, which is currently the largest new office development in the city, at 10,744 square feet.

Data provided by Commercial Edge

See reports for other markets

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 Arlington 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.