Office Rental Market
- $24.82 2019 Avg. Asking Rent
- 15.36 % 2019 Avg. Vacancy Rate
- 0 2019 Office Completions (Sqft)
- 103,000 2020 Estimated Pipeline (Sqft)
Average Office Asking Rents by Class
2019 Average Office Rent per Square Foot
- Farmers Branch Class A Office Buildings$26.59
- Farmers Branch Class B Office Buildings$20.73
- Farmers Branch Class C Office Buildings$14.59
- TX Class A Office Buildings$34.48
- TX Class B Office Buildings$23.32
- TX Class C Office Buildings$16.03
Farmers Branch, TX Office Asking Rents by Class
Office asking rents vary across the Farmers Branch office market depending on several factors, one of which is property class. While rents for Class A office buildings in Farmers Branch averaged $26.59 per square foot in 2019, Class B office properties garnered average rental rates of $20.73 per square foot. Rental rates for Class C office property in Farmers Branch averaged $14.59 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 South | $25.63 | 13.22 % |
| Northwest Dallas | $22.46 | 15.22 % |
- The lowest office vacancy rate in 2019 in Farmers Branch was 13.22 % in the Platinum Corridor South submarket, where asking rents averaged $25.63.
- The highest office vacancy rate in 2019 in Farmers Branch was 15.22 % in the Northwest Dallas submarket, where asking rents averaged $22.46.
OFFICE CONSTRUCTION IN Farmers Branch, TX
- Farmers Branch, TX Total Sqft completed in 2019 0
- Farmers Branch, TX Total Sqft under construction in 2020 103,000
| Building name | Address | Total Sqft | Year built |
|---|---|---|---|
| Pinnacle Tower | 5005 Lyndon B. Johnson Fwy, 75244 | 549,170 | 1985 |
| Providence Towers | 5001 Spring Valley Road, 75244 | 510,529 | 1985 |
| Centura Tower | 14185 Dallas Pkwy, 75254 | 412,215 | 1998 |
| International Plaza II | 14221 N Dallas Pky, 75254 | 396,776 | 2002 |
| The Princeton | 14651 Dallas Pkwy, 75254 | 371,000 | 1981 |
| International Plaza III | 14241 Dallas Pkwy, 75254 | 354,182 | 2001 |
| Park West II | 1505 Lyndon B. Johnson Fwy, 75234 | 351,710 | 1988 |
| Park West I | 1501 Lyndon B. Johnson Fwy, 75234 | 347,514 | 1985 |
| Stanford Corporate Center | 14001 Dallas Pkwy, 75240 | 337,684 | 1984 |
| 4455 LBJ | 4455 Lyndon B. Johnson Fwy, 75244 | 285,420 | 1980 |
| Office building | Address | Sqft | Completed |
|---|---|---|---|
| Three Hickory Centre | 1801 Wittington Place, 75234 | 103,000 | 2021 |
| Fourteen555 - Building 1 | 14555 North Dallas Pkwy, 75001 | 252,000 | 2018 |
| Tollway Center | 14675 Dallas Pkwy, 75001 | 197,355 | 2016 |
| Mercer Business Park - Monitronics Headquarters | 1990 Wittington Place, 75234 | 165,000 | 2015 |
| 2170 West Diplomat Drive | 2170 West Diplomat Drive, 75234 | 27,124 | 2015 |
| 14460 Varsity Brands Way | 14460 Varsity Brands Way, 75244 | 137,778 | 2012 |
| International Plaza III | 14241 Dallas Pkwy, 75254 | 354,182 | 2001 |
| Four Hickory Centre | 1755 Wittington Place, 75234 | 228,789 | 2001 |
| 13755 Hutton Drive | 13755 Hutton Drive, 75234 | 46,425 | 2001 |
| Two Colinas Crossing | 11511 Luna Road, 75234 | 181,072 | 1999 |
Office Spaces for Rent in Texas
See trends for nearby markets
The Farmers Branch office market contains an inventory of 6,396,548 square feet of office space, in 60 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 Farmers Branch 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.