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 |
|---|---|---|---|
| A&V Plaza | 3241 Joe Battle Blvd, 79936 | 31,740 | 2026 |
| Ocotillo | 11680 Montana Ave, 79936 | 33,000 | 2025 |
| 5100 E Paisano Dr | 5100 E Paisano Dr, 79905 | 14,813 | 2023 |
| 13464 Eastlake Blvd | 13464 Eastlake Blvd, 79928 | 9,719 | 2023 |
| WestStar Tower | 601 North Mesa Street, 79901 | 276,000 | 2021 |
| 12370 Pine Springs Dr | 12370 Pine Springs Dr, 79928 | 4,000 | 2020 |
| 181 Village CT | 181 Village CT, 79922 | 7,200 | 2019 |
| Dieter Medical Office Building | 1387 George Dieter Drive, 79936 | 52,400 | 2018 |
| Canyon Ridge Business Park | 12305 Mercantile Ave, 79928 | 33,000 | 2017 |
| 7400 Helen of Troy Dr | 7400 Helen of Troy Dr, 79912 | 14,400 | 2017 |
Worth noting among recent office completions on the El Paso market is A&V Plaza, which is currently the largest new office development in the city, at 31,740 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 Yardi Research Data, 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 Yardi Research Data can guarantee that the information provided is complete.