2022 Office Space Rent & Sales
- $27.82 2022 Avg. Asking Rent
- -3.41% Y-o-Y Avg. Asking Rent Change
- 20.15% 2022 Office Vacancy Rate
McKinney office price per square foot in 2022 was $27.82 on average. This marked a -3.41% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 20.15% across all asset classes combined.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- McKinney Class B Office Space$27.82
- Texas Class A & A+ Office Space$36.30
- Texas Class B Office Space$24.60
- Texas Class C Office Space$20.70
McKinney, TX Office Asking Rents by Class
Coworking Spaces in Texas
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2022 Office Construction in McKinney, TX
- McKinney, TX Total SF completed in 2022 508,871
- McKinney, TX Total SF under construction in 2023 44,280
During 2022, 508,871 square feet of new office space were delivered across the market. At the close of 2022, the McKinney office inventory included 5 buildings equal to or larger than 25,000 square feet, which comprised 508,871 square feet of office space. Looking forward, development activity throughout 2023 is estimated to add 44,280 square feet of office space to the market, before year-end.
Office building | Address | SF | Completed |
---|---|---|---|
Florence - Buildings D & I | 4021 South Custer Road, 75070 | 44,550 | 2023 |
District 121 | 7300 State Highway 121, 75070 | 190,405 | 2022 |
Fairview Office Center | 195 Murray Farm Road, 75069 | 98,000 | 2021 |
1870-1880 N Stonebridge Drive | 1870 N Stonebridge Dr, 75070 | 13,077 | 2020 |
Playful Headquarters | 300 East Davis Street, 75069 | 55,000 | 2018 |
1402 S Custer Rd #404 | 1402 S Custer Rd #404, 75072 | 4,900 | 2017 |
McKinney Medical Village | 7300 Eldorado Pkwy, 75070 | 77,000 | 2016 |
240 Adriatic Pkwy | 240 Adriatic Pkwy, 75072 | 8,405 | 2016 |
200 Adriatic Pkwy | 200 Adriatic Pkwy, 75072 | 3,126 | 2016 |
260 Adriatic Pkwy | 260 Adriatic Pkwy, 75072 | 8,087 | 2015 |
Worth noting among recent office completions on the McKinney market is Florence - Buildings D & I, which is currently the largest new office development in the city, at 44,550 square feet.
See reports for other markets
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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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all McKinney 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.