2024 Office Space Rent & Sales
- $27.71 2024 Avg. Asking Rent
- -0.83% Y-o-Y Avg. Asking Rent Change
- 26.61% 2024 Office Vacancy Rate
Irving office price per square foot in 2024 was $27.71 on average. This marked a -0.83% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 26.61% 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
- Irving Class A & A+ Office Space$31.24
- Irving Class B Office Space$23.20
- Irving Class C Office Space$16.55
- Texas Class A & A+ Office Space$38.26
- Texas Class B Office Space$24.71
- Texas Class C Office Space$19.84
Irving, TX Office Asking Rents by Class
Average office rent in Irving rested at $27.71 per square foot in 2024. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Irving averaged $31.24 per square foot. Across all submarkets, class B office space recorded an average asking rent of $23.20 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $16.55 per square foot, on average. Comparably, statewide Texas average office rents by class in 2024 were: $38.26 per square foot for class A office space; $24.71 per square foot for class B office space; $19.84 per square foot for class C office space.
Coworking Spaces in Texas
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2024 Office Construction in Irving, TX
- Irving, TX Total SF completed in 2024 26,200
- Irving, TX Total SF under construction in 2025 907,870
During 2024, 26,200 square feet of new office space were delivered across the market. At the close of 2024, the Irving office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 26,200 square feet of office space. Looking forward, development activity throughout 2025 is estimated to add 907,870 square feet of office space to the market, before year-end.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 1193 W John Carpenter Fwy | 1193 W John Carpenter Fwy, 75039 | 4,950 | 2021 |
| Gateway Medical Center | 6121 North State Highway 161, 75063 | 70,000 | 2020 |
| Pioneer Natural Resources Headquarters | 777 Hidden Ridge Drive, 75038 | 1,125,000 | 2019 |
| Irving IT Park - 1410 Westridge Circle North | 1410 Westridge Circle North, 75038 | 34,188 | 2019 |
| Gateway 161 - 6161 State Highway 161 | 6161 State Highway 161, 75063 | 95,000 | 2018 |
| Cypress Waters - CoreLogic Headquarters | 3001 Hackberry Road, 75063 | 327,183 | 2017 |
| Connection Park II | 4795 Regent Blvd, 75063 | 160,638 | 2017 |
| 5260 Valley View Lane | 5260 Valley View Lane, 75038 | 20,000 | 2017 |
| Connection Park I | 4851 Regent Blvd, 75063 | 141,219 | 2016 |
| Bella Casita | 851 Lake Carolyn Pkwy, 75039 | 4,661 | 2007 |
Worth noting among recent office completions on the Irving market is 1193 W John Carpenter Fwy, which is currently the largest new office development in the city, at 4,950 square feet.
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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 Irving 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.