2020 Office Space Rent & Sales
- $24.59 2020 Avg. Asking Rent
- -2.35% Y-o-Y Avg. Asking Rent Change
- 12.15% 2020 Office Vacancy Rate
Lewisville office price per square foot in 2020 was $24.59 on average. This marked a -2.35% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 12.15% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Lewisville Class A Office Space$29.18
- Lewisville Class B Office Space$24.55
- Texas Class A Office Space$35.41
- Texas Class B Office Space$23.36
- Texas Class C Office Space$16.89
Lewisville, TX Office Asking Rents by Class
2020 Office Construction in Lewisville, TX
- Lewisville, TX Total SF completed in 2020 109,000
- Lewisville, TX Total SF under construction in 2021 103,189
During 2020, 109,000 square feet of new office space were delivered across the market. At the close of 2020, the Lewisville office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 109,000 square feet of office space. Looking forward, development activity throughout 2021 is estimated to add 103,189 square feet of office space to the market, before year-end.
|Lake Vista 7||2777 Lake Vista Drive, 75067||240,000||2008|
|Lake Vista Pointe||2911 Lake Vista Drive, 75067||163,336||2007|
|Corporate Crossing @ Waters Ridge||510 East Corporate Drive, 75057||109,192||2007|
|Vista Point South - Buildings 4-6||621 State Highway 121, 75019||113,916||2006|
|Marketplace at Highland Village Office Suites||2600 Village Pkwy, 75077||50,677||2006|
|Lakepointe Office Park||860 Hebron Pkwy, 75057||47,118||2006|
|2820 Village Parkway||2600 Village Pkwy, 75077||1,893||2006|
|Lake Vista Office Center IV||800 State Highway 121 Bypass, 75067||122,000||2005|
|Lakeside Office Center I||2850 Lake Vista Drive, 75067||98,750||2005|
|609-615 State Highway 121 Bypass||609 State Highway 121 Bypass, 75019||94,405||2005|
Worth noting among recent office completions on the Lewisville market is Lake Vista 7, which is currently the largest new office development in the city, at 240,000 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 Lewisville 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.