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Frisco Office Market Trends

Office Rental Market

  • $34.73 2019 Avg. Asking Rent
  • 14.15 % 2019 Avg. Vacancy Rate
  • 146,126 2019 Office Completions (Sqft)
  • 929,575 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Frisco was $34.73 per square foot, and the office vacancy rate across the market averaged 14.15 %. During 2019, developers added 146,126 square feet of new office space to the Frisco market inventory. Office developments estimated for delivery during 2020 total 929,575 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Frisco Class A Office Buildings$35.77
  • Frisco Class B Office Buildings$26.46
  • TX Class A Office Buildings$34.48
  • TX Class B Office Buildings$23.32
  • TX Class C Office Buildings$16.03

Frisco, TX Office Asking Rents by Class

OFFICE CONSTRUCTION IN Frisco, TX

  • Frisco, TX Total Sqft completed in 2019 146,126
  • Frisco, TX Total Sqft under construction in 2020 929,575
10 Largest Office Buildings in Frisco
Building name Address Total Sqft Year built
The Ford Center at The Star 1 Cowboys Way, 75034 397,819 2017
Keurig Dr Pepper at The Star 6425 Hall of Fame Lane, 75034 358,000 2021
Baylor Scott & White Sports Therapy & Research at The Star 3800 Gaylord Pkwy, 75034 300,000 2018
Frisco Station - The Offices One 6160 Warren Pky, 75034 237,890 2017
Frisco Station - The Offices Two 6303 Cowboys Way, 75034 210,579 2019
The Offices Three - Frisco Station 5844 John Hickman Pky, 210,429 2021
Hall Park - T1 3001 N Dallas Pky, 75034 200,000 2014
3560 Dallas Pkwy 3560 Dallas Pkwy, 75034 199,800 2013
Hall Park - 2801 Network Blvd 2801 Network Blvd, 75034 197,724 2001
Hall Park - 3001 Dallas Pkwy 3001 Dallas Pkwy, 75034 194,133 2014
Largest Office Properties Recently Completed in Frisco
Office building Address Sqft Completed
Keurig Dr Pepper at The Star 6425 Hall of Fame Lane, 75034 358,000 2021
PGA Headquarters SEC West University Drive & South Teel Pkwy, 75034 106,622 2021
HCA Medical City II SEC Dallas Pkwy & Frisco Square Blvd, 75034 150,567 2020
UT Southwestern Medical Center 12400 Dallas Pkwy, 75033 120,000 2019
Avon @ Legacy Commerce Park 4645 Avon Lane, 75033 29,612 2019
Legacy Village Medical Office 9500 Legacy Drive, 75033 26,126 2019
Baylor Scott & White Sports Therapy & Research at The Star 3800 Gaylord Pkwy, 75034 300,000 2018
Stonebrook Business Park - Building 1 6735 Salt Cedar Way, 75034 90,000 2018
The Ford Center at The Star 1 Cowboys Way, 75034 397,819 2017
Waterstone Office Park 255 West Lebanon Road, 75034 56,255 2017
Data provided by Commercial Edge

Office Spaces for Rent in Texas

  • Houston Office Space
  • Austin Office Space
  • Dallas Office Space
  • San Antonio Office Space
  • Fort Worth Office Space
  • Plano Office Space
  • Irving Office Space
  • Richardson Office Space
  • Round Rock Office Space
  • El Paso Office Space
  • Arlington Office Space

FRISCO OFFICE SALES TRENDS

  • $178.402019 Avg. Price per Sqft
  • 4.94 %Y-o-Y Avg. PpSF Change
  • $56.3M2019 Office Sales Volume
  • 32019 Number of Transactions

In 2019, office sales in Frisco averaged $178.40 per square foot. This marked a 4.94 % increase in office price per square foot, compared to the previous year. A total of 3 office sales closed on the Frisco office market in 2019, amounting to a total sales volume of $56.3M.

Average Office Sale Price per Sqft

Frisco, TX Sales Trends

  • Frisco Price per Sqft$178.40
  • Texas Price per Sqft$253.24

Office Sales - Trend and Volume

  • Frisco, TX Total Office Sales Volume in 2019 $56.3M
  • Frisco, TX Total Number of Office Sales Closed in 2019 3

Largest Frisco Office Sales in 2019

Property name Address Date Price
Duke Bridges III 7460 Warren Pkwy 2/14/2019 $24,493,000
Parkwood Office Center 3801 Parkwood Drive 2/22/2019 $18,929,000
Country Club Plaza 1701 Legacy Drive 4/18/2019 $12,857,000
Data provided by Commercial Edge

See trends for nearby markets

  • Dallas Market Trends
  • Fort Worth Market Trends
  • Plano Market Trends
  • Irving Market Trends
  • Richardson Market Trends
  • Arlington Market Trends
  • Carrollton Market Trends
  • Lewisville Market Trends

The Frisco office market contains an inventory of 7,062,606 square feet of office space, in 148 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 Frisco 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.

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