Grapevine Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $21.79 2024 Avg. Asking Rent
  • -4.75% Y-o-Y Avg. Asking Rent Change
  • 18.75% 2024 Office Vacancy Rate

Grapevine office price per square foot in 2024 was $21.79 on average. This marked a -4.75% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 18.75% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Texas Class A & A+ Office Space$38.26
  • Texas Class B Office Space$24.71
  • Texas Class C Office Space$19.84

Grapevine, TX Office Asking Rents by Class

2024 Office Vacancy Rates in Grapevine

Submarket Asking Rents Vacancy Rates
Westlake $36.33 27.52%
Lewisville $22.96 23.94%
East Fort Worth $21.12 35.67%
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 Grapevine market was 18.75% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Grapevine was 23.94% in the Lewisville submarket, while the highest office vacancy in the market was 35.67%, recorded in East Fort Worth.

Coworking Spaces in Texas

2024 Office Construction in Grapevine, TX

  • Grapevine, TX Total SF under construction in 2025 43,348
Largest Office Properties Recently Completed in Grapevine
Office building Address SF Completed
1900 Enchanted Way 1900 Enchanted Way, 76051 24,595 2011
4550 State Highway 360 4550 State Highway 360, 76051 21,230 2008
4201 William D Tate Ave 4201 William D Tate Ave, 76051 64,931 2007
4201 William D Tate Ave 4201 William D Tate Ave, 76051 64,931 2007
1920 Enchanted Way 1920 Enchanted Way, 76051 21,925 2007
2305 Mustang Dr 2305 Mustang Dr, 76051 21,466 2007
The Offices at Grapevine 360 4550 State Highway 360, 76051 21,284 2007
1010 Mustang Dr 1010 Mustang Dr, 76051 7,043 2004
1010 Mustang Dr 1010 Mustang Dr, 76051 7,043 2004
4500 State Highway 360 4500 State Highway 360, 76051 30,000 2003

Worth noting among recent office completions on the Grapevine market is 1900 Enchanted Way, which is currently the largest new office development in the city, at 24,595 square feet.

Data provided by Commercial Edge

See reports for other 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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Grapevine 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.