Farmers Branch Office Rent Price & Sales Report

2020 Office Space Rent & Sales

  • $24.39 2020 Avg. Asking Rent
  • -1.72% Y-o-Y Avg. Asking Rent Change
  • 21.56% 2020 Office Vacancy Rate

Farmers Branch office price per square foot in 2020 was $24.39 on average. This marked a -1.72% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 21.56% across all asset classes combined.

Average Rent by Office Class

2020 Average Office Rent per Square Foot

  • Farmers Branch Class A Office Space$27.82
  • Farmers Branch Class B Office Space$21.19
  • Farmers Branch Class C Office Space$14.28
  • Texas Class A Office Space$35.41
  • Texas Class B Office Space$23.36
  • Texas Class C Office Space$16.89

Farmers Branch, TX Office Asking Rents by Class

Average office rent in Farmers Branch rested at $24.39 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 Farmers Branch averaged $27.82 per square foot. Across all submarkets, class B office space recorded an average asking rent of $21.19 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $14.28 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 Vacancy Rates in Farmers Branch

Submarket Asking Rents Vacancy Rates
Platinum Corridor South $27.38 18.18%
Northwest Dallas $22.83 24.20%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Farmers Branch market was 21.56% in 2020. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Farmers Branch was 18.18% in the Platinum Corridor South submarket, while the highest office vacancy in the market was 24.20%, recorded in Northwest Dallas.

Office Spaces for Rent in Texas

2020 Office Construction in Farmers Branch, TX

  • Farmers Branch, TX Total SF completed in 2020
  • Farmers Branch, TX Total SF under construction in 2021 103,000

During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Farmers Branch office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space. Looking forward, development activity throughout 2021 is estimated to add 103,000 square feet of office space to the market, before year-end.

Largest Office Properties Recently Completed in Farmers Branch
Office building Address SF Completed
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
Two Hickory Centre 1750 Valley View Lane, 75234 97,084 1999

Worth noting among recent office completions on the Farmers Branch market is Fourteen555 - Building 1, which is currently the largest new office development in the city, at 252,000 square feet.

Data provided by Commercial Edge

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 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.