2022 Office Space Rent & Sales
- $26.30 2022 Avg. Asking Rent
- 14.91% 2022 Office Vacancy Rate
- $97.5M2022 Total Office Sales
- $156.15Avg. Sale Price/SF
Fort Worth office price per square foot in 2022 was $26.30 on average. The local office market recorded an average vacancy rate of 14.91% across all asset classes combined. The 8 transactions that closed here throughout 2022 amounted to a total sale volume of $97.5M. Fort Worth office space commanded an average sale price per square foot of $156.15.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Fort Worth Class A & A+ Office Space$30.96
- Fort Worth Class B Office Space$19.68
- Fort Worth Class C Office Space$17.55
- Texas Class A & A+ Office Space$36.30
- Texas Class B Office Space$24.60
- Texas Class C Office Space$20.70
Fort Worth, TX Office Asking Rents by Class
Average office rent in Fort Worth rested at $26.30 per square foot in 2022. 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 Fort Worth averaged $30.96 per square foot. Across all submarkets, class B office space recorded an average asking rent of $19.68 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $17.55 per square foot, on average. Comparably, statewide Texas average office rents by class in 2022 were: $36.30 per square foot for class A office space; $24.60 per square foot for class B office space; $20.70 per square foot for class C office space.
2022 Office Vacancy Rates in Fort Worth
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| West Fort Worth | $32.00 | 17.21% |
| Fort Worth Central Business District | $30.83 | 10.78% |
| Denton | $29.67 | 9.33% |
| North Fort Worth | $24.87 | 7.37% |
| South Fort Worth | $23.36 | 15.94% |
| East Fort Worth | $18.49 | 25.45% |
Office Spaces for Rent in Texas
- Houston Office Space
- Austin Office Space
- San Antonio Office Space
- Dallas Office Space
- Fort Worth Office Space
- Plano Office Space
- Irving Office Space
- Richardson Office Space
- El Paso Office Space
- Frisco Office Space
- Arlington Office Space
- Lubbock Office Space
- Sugar Land Office Space
- Corpus Christi Office Space
- Georgetown Office Space
Coworking Spaces in Texas
- Houston Coworking Space
- Atlanta Coworking Space
- Dallas Coworking Space
- Austin Coworking Space
- San Antonio Coworking Space
- Plano Coworking Space
- Fort Worth Coworking Space
- Irving Coworking Space
- Frisco Coworking Space
- Sugar Land Coworking Space
- Arlington Coworking Space
- Katy Coworking Space
- McKinney Coworking Space
- Lubbock Coworking Space
- Spring Coworking Space
- Allen Coworking Space
- Richardson Coworking Space
- El Paso Coworking Space
- Addison Coworking Space
- Coppell Coworking Space
- Denton Coworking Space
- Grapevine Coworking Space
- Southlake Coworking Space
- Amarillo Coworking Space
- Conroe Coworking Space
- Keller Coworking Space
- Pearland Coworking Space
- Round Rock Coworking Space
- The Colony Coworking Space
- Waco Coworking Space
2022 Office Construction in Fort Worth, TX
- Fort Worth, TX Total SF completed in 2022 54,436
- Fort Worth, TX Total SF under construction in 2023 344,217
During 2022, 54,436 square feet of new office space were delivered across the market. At the close of 2022, the Fort Worth office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 54,436 square feet of office space. Looking forward, development activity throughout 2023 is estimated to add 344,217 square feet of office space to the market, before year-end.
| Office building | Address | SF | Completed |
|---|---|---|---|
| The 701 Mixed Use | 1320 Hemphill Street , 76104 | 69,751 | 2023 |
| 4000 Bryant Irvin Rd | 4000 Bryant Irvin Rd, 76109 | 19,717 | 2022 |
| 133 Nursery Lane | 133 Nursery lane, 76114 | 20,260 | 2020 |
| 133 Nursery Lane | 133 Nursery lane, 76114 | 20,260 | 2020 |
| 101 Nursery Ln | 101 Nursery Ln, 76114 | 19,902 | 2019 |
| 120 St Louis Ave #100 | 120 St Louis Ave #100, 76104 | 1,775 | 2018 |
| 3017 West 7th Street | 3017 West 7th Street, 76107 | 60,000 | 2016 |
| 105 Nursery Ln | 105 Nursery Ln, 76114 | 16,508 | 2016 |
| 1600 Montgomery | 1600 Montgomery, 76107 | 3,000 | 2016 |
| 5848 Boat Club Rd | 5848 Boat Club Rd, 76179 | 5,660 | 2014 |
Worth noting among recent office completions on the Fort Worth market is The 701 Mixed Use, which is currently the largest new office development in the city, at 69,751 square feet.
See reports for other markets
- Houston Office Rent Price
- Austin Office Rent Price
- San Antonio Office Rent Price
- Dallas Office Rent Price
- Plano Office Rent Price
- Irving Office Rent Price
- Richardson Office Rent Price
- The Woodlands Office Rent Price
- Arlington Office Rent Price
- Frisco Office Rent Price
- Farmers Branch Office Rent Price
- Grapevine Office Rent Price
- Addison Office Rent Price
- Denton Office Rent Price
- Lewisville Office Rent Price
- North Richland Hills Office Rent Price
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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Fort Worth 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.