2020 Office Space Rent & Sales
- $18.65 2020 Avg. Asking Rent
- 1.37% Y-o-Y Avg. Asking Rent Change
- 10.12% 2020 Office Vacancy Rate
Garland office price per square foot in 2020 was $18.65 on average. This marked a +1.37% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 10.12% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Garland Class B Office Space$18.65
- Garland Class C Office Space$18.61
- Texas Class A Office Space$35.41
- Texas Class B Office Space$23.36
- Texas Class C Office Space$16.89
Garland, TX Office Asking Rents by Class
2020 Office Construction in Garland, TX
- Garland, TX Total SF completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Garland office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 1992 Forest Lane | 1992 Forest Lane, 75042 | 34,180 | 2007 |
| Baylor Garland Campus - Medical Plaza IV | 530 Clara Barton Blvd, 75042 | 74,616 | 2006 |
| The Offices at Firewheel Town Center | 650 Beebalm Lane, 75040 | 152,803 | 2005 |
| Baylor Medical Plaza | 7150 North President George Bush Hwy, 75044 | 44,730 | 2005 |
| Baylor Garland Campus - Medical Plaza III | 601 Clara Barton Blvd, 75042 | 68,721 | 2002 |
| 3162 Miller Park North | 3162 Miller Park North, 75042 | 35,000 | 1995 |
| Valoris HealthPark - 700 Walter Reed Blvd | 700 Walter Reed Blvd, 75042 | 53,148 | 1988 |
| Northgate Business Park IV | 2010 Merritt Drive, 75041 | 58,193 | 1986 |
| 1310 Hwy 66 | 1310 Hwy 66, 75040 | 30,818 | 1985 |
| 310 Office Plaza | 310 East Interstate 30, 75043 | 70,000 | 1984 |
Worth noting among recent office completions on the Garland market is 1992 Forest Lane, which is currently the largest new office development in the city, at 34,180 square feet.
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 Garland 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.