2024 Office Space Rent & Sales
- $27.55 2024 Avg. Asking Rent
- 7.35% 2024 Office Vacancy Rate
El Paso office price per square foot in 2024 was $27.55 on average. The local office market recorded an average vacancy rate of 7.35% 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
El Paso, TX Office Asking Rents by Class
2024 Office Vacancy Rates in El Paso
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| El Paso - Central | $29.05 | 18.78% |
| El Paso - Northwest | $20.65 | 11.82% |
Coworking Spaces in Texas
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2024 Office Construction in El Paso, TX
- El Paso, TX Total SF completed in 2024 36,250
During 2024, 36,250 square feet of new office space were delivered across the market. At the close of 2024, the El Paso office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 36,250 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 1351 N. Zaragoza Road (Building Q) | 1351 Zaragoza Rd, 79936 | 3,575 | 2022 |
| WestStar Tower | 601 North Mesa Street, 79901 | 276,000 | 2021 |
| WestStar Tower | 601 North Mesa Street #1400, 79901 | 262,000 | 2021 |
| 304 Texas Avenue | 304 Texas Avenue, 79901 | 211,240 | 2021 |
| 181 Village CT | 181 Village CT, 79922 | 7,200 | 2019 |
| Hospitals of Providence - Horizon City Campus | 13600 Horizon Blvd, 79928 | 40,954 | 2016 |
| Cardwell Collaborative Building | 5130 Gateway Blvd East, 79905 | 60,000 | 2015 |
| 4501 Osborne Dr | 4501 Osborne Dr, 79922 | 8,092 | 2015 |
| Turn Key Medical Office Space AVAILABLE | 7812 E Gateway Blvd, 79915 | 35,271 | 2007 |
| 1440 George Dieter Dr | 1440 George Dieter Dr, 79936 | 10,900 | 2007 |
Worth noting among recent office completions on the El Paso market is 1351 N. Zaragoza Road (Building Q), which is currently the largest new office development in the city, at 3,575 square feet.
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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 CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all El Paso 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.