McKinney Office Rent Price & Sales Report

Highlights

  • The average rent for office space in McKinney is $25.53 per square foot, 1.23% lower compared to the previous year.
  • The average sale price for office space in McKinney is $256.63 per square foot, marking an increase of 4.90% compared to 2024.
  • The market’s vacancy rate stands at 14.34%, lower than the state average of Texas, which is 17.16%.
  • 32,199 square feet is currently under construction.

2025 Office Space Rent & Sales

  • $25.53 2025 Avg. Asking Rent
  • -1.23% Y-o-Y Avg. Asking Rent Change
  • 14.34% 2025 Office Vacancy Rate
  • $182.9M2025 Total Office Sales
  • $256.63Avg. Sale Price/SF

What is the average asking rent price for office space in McKinney?

Average asking rents for office space here stand at $25.53 per square foot. The local office market recorded an average vacancy rate of 14.34% in 2025, unchanged from 14.34% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $182.9M across 6 sales. These transactions commanded an average sale price per square foot of $256.63.

McKinney, TX Office Asking Rents by Class

What is the average office rent per square foot by property class in TX?

  • Avg. Asking Rent Class A & A+$39.66
  • Avg. Asking Rent Class B$24.95
  • Avg. Asking Rent Class C$20.18

For comparison, the average rent for Class A and A+ office space in Texas was $39.66 per square foot. The state-wide average for Class B space was $24.95 per square foot, and Class C office spaces averaged $20.18 per square foot.

2025 Office Sales Volume

  • $256.632025 Avg. Price per SF
  • 4.90%Y-o-Y Avg. PpSF Change
  • $182.9M2025 Office Sales Volume
  • 62025 Number of Transactions

What is the average sale price per square foot for office space in McKinney?

Average sale prices for office space in this market recorded a +4.90% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $256.63 per square foot. For comparison, the statewide Texas average during the same time period stood at $180.25 per square foot, while the national average was $182.48 per square foot.

McKinney, TX Sale Price per SF Trend

  • McKinney Avg. Sale Price per SF in 2025$256.63
  • Texas Avg. Sale Price per SF in 2025$180.25

What was the total office sales volume in McKinney in 2025?

The local office market recorded 6 deals in 2025, adding up to a yearly sales volume of $182.9M.

  • McKinney, TX Total Office Sales Volume in 2025 $182.9M
  • McKinney, TX Total Number of Office Sales Closed in 2025 6
Data provided by Yardi Research

2025 Office Construction in McKinney, TX

  • McKinney, TX Total SF completed in 2025 125,000
  • McKinney, TX Total SF under construction in 2026 32,199

How much office space was built in McKinney in 2025?

125,000 square feet of new office space was delivered across the market in the previous year. New construction included 1 properties, with an average new property size of 125,000 square feet.

Looking forward, development activity in 2026 is estimated to add 32,199 square feet of office space to the market in total.

What are the largest recent office completions in McKinney?

The largest recent office completion here is District 121 at 190,405 square feet, completed in 2022. The next largest completions are Fairview Office Center and Piper Glen Office.

Office building Address SF Completed
5121 S Custer Rd 5121 S Custer Rd, 75070 21,481 2025
Evergreen Plaza 7851 Eldorado Parkway, 75070 18,000 2025
Lake Forest Medical Park 2160-2164-2168 North Lake Forest Drive, 75071 5,948 2025
Lake Forest Medical Park 2160-2164-2168 North Lake Forest Drive, 75071 5,948 2025
Piper Glen Office 8850 Collin McKinney Pkwy, 75070 38,399 2024
5121 Custer Rd 5121 Custer Rd, 75070 12,315 2024
District 121 7300 State Highway 121, 75070 190,405 2022
Fairview Office Center 195 Murray Farm Road, 75069 98,000 2021
1880 N Stonebridge Dr 1880 N Stonebridge Dr, 75071 13,077 2020
Southern Hills Office Park 8751 Collin McKinney Pkwy, 75070 4,500 2019
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

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 Yardi Research Data can guarantee that the information provided is complete.