2020 Office Space Rent & Sales
- $21.39 2020 Avg. Asking Rent
- 0.16 % Y-o-Y Avg. Asking Rent Change
- 10.49 % 2020 Office Vacancy Rate
Grand Prairie office price per square foot in 2020 was $21.39 on average. This marked a +0.16 % change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 10.49 % across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Grand Prairie Class B Office Space$21.39
- Texas Class A Office Space$35.41
- Texas Class B Office Space$23.36
- Texas Class C Office Space$16.89
Grand Prairie, TX Office Asking Rents by Class
2020 Office Construction in Grand Prairie, TX
- Grand Prairie, TX Total Sqft completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Grand Prairie office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
|Methodist Convenient Care Campus||4560 Lake Ridge Pkwy, 75052||31,000||2018|
|1520 Parker Road & 1860 High Prairie Road||1520 Parker Road, 75050||28,874||2011|
|2740 North State Highway 360||2740 North State Highway 360, 75050||27,872||2008|
|Baylor Health Center at Lake Ridge||4927 Lake Ridge Pkwy, 75052||36,061||2005|
|1908 110th Street||1908 110th Street, 75050||90,432||1988|
|One Paddock Place||2214 Paddock Way, 75050||71,677||1987|
|Brookhollow Riverside||2505 North State Highway 360, 75050||118,536||1984|
|Tower 360||1901 North State Highway 360, 75050||98,928||1984|
|Bank of America Tower||801 West Freeway Street, 75051||118,267||1982|
|Carrier 360||2080 North State Highway 360, 75050||74,591||1982|
Worth noting among recent office completions on the Grand Prairie market is Methodist Convenient Care Campus, which is currently the largest new office development in the city, at 31,000 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 Grand Prairie 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.