2020 Office Space Rent & Sales
- $17.80 2020 Avg. Asking Rent
- 0.93% Y-o-Y Avg. Asking Rent Change
- 18.93% 2020 Office Vacancy Rate
Hurst office price per square foot in 2020 was $17.80 on average. This marked a +0.93% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 18.93% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Hurst Class B Office Space$17.88
- Hurst Class C Office Space$15.37
- Texas Class A Office Space$35.41
- Texas Class B Office Space$23.36
- Texas Class C Office Space$16.89
Hurst, TX Office Asking Rents by Class
2020 Office Construction in Hurst, TX
- Hurst, 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 Hurst 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 |
|---|---|---|---|
| 1612 Hurst Town Center Drive | 1612 Hurst Town Center Drive, 76054 | 58,353 | 2004 |
| Hurst Town Center Medical Plaza | 809 West Harwood Road, 76054 | 42,209 | 2004 |
| 850 Cannon Drive | 850 Cannon Drive, 76054 | 38,140 | 1998 |
| 1845 Precinct Line Road | 1845 Precinct Line Road, 76054 | 47,257 | 1989 |
| 1550 Norwood Drive | 1550 Norwood Drive, 76054 | 40,288 | 1985 |
| Veritex Bank Tower | 860 Airport Fwy, 76054 | 124,455 | 1984 |
| Bank of Texas Building | 500 Grapevine Hwy, 76054 | 84,427 | 1982 |
| Willowcreek | 669 Airport Fwy, 76053 | 54,635 | 1982 |
| 820 Towers | 301 NE Loop 820, 76053 | 95,126 | 1979 |
| Spectrum Business Building | 235 NE Loop 820, 76053 | 38,370 | 1974 |
Worth noting among recent office completions on the Hurst market is 1612 Hurst Town Center Drive, which is currently the largest new office development in the city, at 58,353 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 Hurst 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.