Carrollton Office Market Trends

Office Rental Market

  • $19.20 2019 Avg. Asking Rent
  • 26.78 % 2019 Avg. Vacancy Rate
  • 300,000 2019 Office Completions (Sqft)
  • 40,000 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Carrollton was $19.20 per square foot, and the office vacancy rate across the market averaged 26.78 %. During 2019, developers added 300,000 square feet of new office space to the Carrollton market inventory. Office developments estimated for delivery during 2020 total 40,000 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Carrollton Class A Office Buildings$26.18
  • Carrollton Class B Office Buildings$20.22
  • Carrollton Class C Office Buildings$15.51
  • TX Class A Office Buildings$34.48
  • TX Class B Office Buildings$23.32
  • TX Class C Office Buildings$16.03

Carrollton, TX Office Asking Rents by Class

Office asking rents vary across the Carrollton office market depending on several factors, one of which is property class. While rents for Class A office buildings in Carrollton averaged $26.18 per square foot in 2019, Class B office properties garnered average rental rates of $20.22 per square foot. Rental rates for Class C office property in Carrollton averaged $15.51 per square foot. On a statewide level, Class B office space rents averaged $23.32 per square foot, while rents for Class A office space across Texas averaged $34.48 per square foot. On average, Class C office properties in Texas commanded rents of $16.03 per square foot.

2019 OFFICE VACANCY RATES

Submarket Asking Rents Vacancy Rates
Platinum Corridor North $25.88 23.03 %
Platinum Corridor South $18.53 28.15 %
Northwest Dallas $14.31 30.89 %
Data provided by Commercial Edge
  • The lowest office vacancy rate in 2019 in Carrollton was 23.03 % in the Platinum Corridor North submarket, where asking rents averaged $25.88.
  • The highest office vacancy rate in 2019 in Carrollton was 30.89 % in the Northwest Dallas submarket, where asking rents averaged $14.31.

OFFICE CONSTRUCTION IN Carrollton, TX

  • Carrollton, TX Total Sqft completed in 2019 300,000
  • Carrollton, TX Total Sqft under construction in 2020 40,000
10 Largest Office Buildings in Carrollton
Building name Address Total Sqft Year built
AmerisourceBergen Headquarters at Austin Ranch 5025 Plano Pkwy, 75010 300,000 2019
Midway Commons Business Park 3410 Midcourt Road, 75006 234,135 1986
4101 International 4101 International Pkwy, 75007 201,197 1998
International Business Park - 4000 International Pkwy 4000 International Pkwy, 75007 154,298 1998
4001 International Pkwy 4001 International Pkwy, 75007 138,443 2002
Thomson Reuters 2395 Midway Road, 75006 137,780 1979
4201 Marsh Lane 4201 Marsh Lane, 75007 130,000 2003
Metroplex Tech Center I 3000 Kellway Drive, 75006 106,073 1999
International Business Park - 4100 International Pkwy 4100 International Pkwy, 75007 105,158 2002
2304 Tarpley Road 2304 Tarpley Road, 75006 105,145 2000
Largest Office Properties Recently Completed in Carrollton
Office building Address Sqft Completed
Trinity Highlands 1601 East Trinity Mills Road, 75007 40,000 2021
AmerisourceBergen Headquarters at Austin Ranch 5025 Plano Pkwy, 75010 300,000 2019
Plano Pediatric Medical Pavilion 7000 West Plano Pkwy, 75093 81,961 2005
4201 Marsh Lane 4201 Marsh Lane, 75007 130,000 2003
4780 North Josey Lane 4780 North Josey Lane, 75010 38,648 2003
4001 International Pkwy 4001 International Pkwy, 75007 138,443 2002
International Business Park - 4100 International Pkwy 4100 International Pkwy, 75007 105,158 2002
International Business Park - 4120 International Pkwy 4120 International Pkwy, 75007 99,804 2002
4125 Fairway Drive 4125 Fairway Drive, 75010 25,859 2001
2304 Tarpley Road 2304 Tarpley Road, 75006 105,145 2000
Data provided by Commercial Edge

Office Spaces for Rent in Texas

CARROLLTON OFFICE SALES TRENDS

  • $80.682019 Avg. Price per Sqft
  • -44.66 %Y-o-Y Avg. PpSF Change
  • $32.4M2019 Office Sales Volume
  • 32019 Number of Transactions

In 2019, office sales in Carrollton averaged $80.68 per square foot. This marked a -44.66 % decrease in office price per square foot, compared to the previous year. A total of 3 office sales closed on the Carrollton office market in 2019, amounting to a total sales volume of $32.4M.

Average Office Sale Price per Sqft

Carrollton, TX Sales Trends

  • Carrollton Price per Sqft$80.68
  • Texas Price per Sqft$253.24

Office Sales - Trend and Volume

  • Carrollton, TX Total Office Sales Volume in 2019 $32.4M
  • Carrollton, TX Total Number of Office Sales Closed in 2019 3

Largest Carrollton Office Sales in 2019

Property name Address Date Price
MacArthur Mills Center 1445 MacArthur Drive 1/17/2019 $4,241,000
1330 Capital Pkwy 1330 Capital Pkwy 9/5/2019 $2,777,000
Data provided by Commercial Edge

See trends for nearby markets

The Carrollton office market contains an inventory of 3,923,762 square feet of office space, in 63 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Carrollton 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.