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)
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
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 |
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 |
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.