2020 Office Space Rent & Sales
- $19.84 2020 Avg. Asking Rent
- 2.34 % Y-o-Y Avg. Asking Rent Change
- 12.04 % 2020 Office Vacancy Rate
Arlington office price per square foot in 2020 was $19.84 on average. This marked a +2.34 % change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 12.04 % across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Arlington Class A Office Space$22.27
- Arlington Class B Office Space$19.72
- Arlington Class C Office Space$19.74
- Texas Class A Office Space$35.41
- Texas Class B Office Space$23.36
- Texas Class C Office Space$16.89
Arlington, TX Office Asking Rents by Class
Average office rent in Arlington rested at $19.84 per square foot in 2020. 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 $22.27 per square foot. Across all submarkets, class B office space recorded an average asking rent of $19.72 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $19.74 per square foot, on average. Comparably, statewide Texas average office rents by class in 2020 were: $35.41 per square foot for class A office space; $23.36 per square foot for class B office space; $16.89 per square foot for class C office space.
2020 Office Construction in Arlington, TX
- Arlington, TX Total Sqft completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Arlington office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
|D.R. Horton Headquarters||1341 Horton Circle, 76011||200,000||2017|
|4401 Park Springs Blvd||4401 Park Springs Blvd, 76017||26,548||2017|
|350 East Interstate 20||350 East Interstate 20, 76018||27,500||2015|
|Texas Clinic at Arlington||400 West Arbrook Blvd, 76014||66,819||2010|
|The Village at Sports Center||5001 South Cooper Street, 76017||98,789||2009|
|230 & 300 East Stephens Street||230 East Stephens Street, 76018||58,316||2009|
|Vandergriff Town Center||200 Mesquite Street, 76011||28,221||2006|
|409 Central Park Drive||409 Central Park Drive, 76014||26,467||2006|
|Bardin Pointe||1351 East Bardin Road, 76018||119,741||2003|
|4400 New York Avenue||4400 New York Avenue, 76018||50,281||2002|
Worth noting among recent office completions on the Arlington market is D.R. Horton Headquarters, which is currently the largest new office development in the city, at 200,000 square feet.
See reports for nearby 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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. 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.