Arlington Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $24.06 2024 Avg. Asking Rent
  • 4.15% Y-o-Y Avg. Asking Rent Change
  • 16.41% 2024 Office Vacancy Rate

Arlington office price per square foot in 2024 was $24.06 on average. This marked a +4.15% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 16.41% 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

Arlington, TX Office Asking Rents by Class

2024 Office Vacancy Rates in Arlington

Submarket Asking Rents Vacancy Rates
Arlington $24.13 16.39%
South Fort Worth $23.59 20.03%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Arlington market was 16.41% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Arlington was 16.39% in the Arlington submarket, while the highest office vacancy in the market was 20.03%, recorded in South Fort Worth.

Coworking Spaces in Texas

2024 Office Construction in Arlington, TX

Largest Office Properties Recently Completed in Arlington
Office building Address SF Completed
Arlington Business Center 410 E. Bardin Road + 407 and 409 E. Embercrest Drive, 76018 476,802 2024
1802 W Pleasant Ridge Rd 1802 W Pleasant Ridge Rd, 76015 6,139 2024
1802 W Pleasant Ridge Rd 1802 W Pleasant Ridge Rd, 76015 6,139 2024
380 E Front Street - Urban Union 300-380 E Front Street, 76011 10,744 2023
PlainsCapital Bank Building 804 N Collins St, 76011 9,103 2018
2701 Matlock Rd 2701 Matlock Rd, 76015 10,553 2016
Arlington Highlands 4000 Bagpiper Way, 76018 737,331 2009
Cooper Landing Office Center 1217 Florida Dr, 76015 5,440 2007
Vandergriff Town Center 200 Mesquite Street, 76011 28,221 2006
Cross Creek Center 2001 SE Green Oaks Blvd, 76018 9,340 2006

Worth noting among recent office completions on the Arlington market is Arlington Business Center, which is currently the largest new office development in the city, at 476,802 square feet.

Data provided by Yardi Research

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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 Yardi Research Data, 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 Yardi Research Data can guarantee that the information provided is complete.