Grapevine Office Market Trends

Office Rental Market

  • $25.16 2019 Avg. Asking Rent
  • 21.55 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 262,864 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Grapevine was $25.16 per square foot, and the office vacancy rate across the market averaged 21.55 %. During 2019, developers added 0 square feet of new office space to the Grapevine market inventory. Office developments estimated for delivery during 2020 total 262,864 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Grapevine Class A Office Buildings$30.60
  • Grapevine Class B Office Buildings$24.55
  • Grapevine Class C Office Buildings$16.25
  • TX Class A Office Buildings$34.48
  • TX Class B Office Buildings$23.32
  • TX Class C Office Buildings$16.03

Grapevine, TX Office Asking Rents by Class

Office asking rents vary across the Grapevine office market depending on several factors, one of which is property class. While rents for Class A office buildings in Grapevine averaged $30.60 per square foot in 2019, Class B office properties garnered average rental rates of $24.55 per square foot. Rental rates for Class C office property in Grapevine averaged $16.25 per square foot. On a statewide level, Class B office space rents averaged $23.32 per square foot, while rents for Class A office space across Texas averaged $34.48 per square foot. On average, Class C office properties in Texas commanded rents of $16.03 per square foot.

OFFICE CONSTRUCTION IN Grapevine, TX

  • Grapevine, TX Total Sqft completed in 2019 0
  • Grapevine, TX Total Sqft under construction in 2020 262,864
10 Largest Office Buildings in Grapevine
Building name Address Total Sqft Year built
2200 West Airfield Drive 2200 West Airfield Drive, 75261 449,041 1980
Kubota U.S. Headquarters 1000 Kubota Drive, 76051 193,000 2017
3489 State Highway 121 3489 State Highway 121, 75019 166,320 2021
DFW Business Center - North & South Towers 2200 South Service Road, 76051 115,440 1978
Grapevine Professional Office Building 1600 West College Street, 76051 90,304 1985
Baylor Scott & White Medical Center Grapevine - Clearview II 1631 Lancaster Drive, 76051 83,000 2008
Silverlake Office 2200 State Hwy 26, 76051 80,806 2020
Lakeview Plaza I & II 1701 West Northwest Hwy, 76051 78,654 1985
Baylor Medical Plaza 2020 West State Highway 114, 76051 77,789 2001
Vineyard Centre I & II 1450 Hughes Road, 76051 68,755 1997
Largest Office Properties Recently Completed in Grapevine
Office building Address Sqft Completed
3489 State Highway 121 3489 State Highway 121, 75019 166,320 2021
1044 Texan Trail 1044 Texan Trail, 76051 42,058 2021
Silverlake Office 2200 State Hwy 26, 76051 80,806 2020
Kubota U.S. Headquarters 1000 Kubota Drive, 76051 193,000 2017
1225 South Main Street 1225 South Main Street, 76051 36,000 2016
1038 Texan Trail 1038 Texan Trail, 76051 29,112 2016
Baylor Scott & White Medical Center Grapevine - Clearview II 1631 Lancaster Drive, 76051 83,000 2008
1301 Municipal Way 1301 Municipal Way, 76051 30,480 2008
Grapevine Station - 1000 Texan Trail 1000 Texan Trail, 76051 50,750 2007
Bank of the West Corporate Offices 108 West Northwest Hwy, 76051 33,192 2007
Data provided by Commercial Edge

Office Spaces for Rent in Texas

See trends for nearby markets

The Grapevine office market contains an inventory of 1,316,279 square feet of office space, in 36 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 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.