2020 Office Space Rent & Sales
- $27.90 2020 Avg. Asking Rent
- -4.85% Y-o-Y Avg. Asking Rent Change
- 10.81% 2020 Office Vacancy Rate
McKinney office price per square foot in 2020 was $27.90 on average. This marked a -4.85% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 10.81% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- McKinney Class A Office Space$28.69
- McKinney Class B Office Space$25.55
- Texas Class A Office Space$35.41
- Texas Class B Office Space$23.36
- Texas Class C Office Space$16.89
McKinney, TX Office Asking Rents by Class
2020 Office Construction in McKinney, TX
- McKinney, TX Total SF completed in 2020 100,000
- McKinney, TX Total SF under construction in 2021 27,000
During 2020, 100,000 square feet of new office space were delivered across the market. At the close of 2020, the McKinney office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 100,000 square feet of office space. Looking forward, development activity throughout 2021 is estimated to add 27,000 square feet of office space to the market, before year-end.
|District 121 McKinney||7300 Hwy 121, 75070||190,405||2022|
|Independent Bank Headquarters - Building 2||7677 Henneman Way, 75070||150,000||2022|
|RPM xConstruction Headquarters||6500 Meyer Way, 75070||54,739||2022|
|The Speese Campus||1701 Heritage Drive, 75069||38,728||2022|
|Hub 121 - Building 3||7540 State Highway 121, 75070||37,100||2022|
|7440 South State Highway 121||7440 South State Highway 121, 75013||100,000||2020|
|Fairview Office Building||195 Murray Farm Road, 75069||98,772||2020|
|Independent Bank Headquarters||7777 Henneman Way, 75070||165,000||2019|
|Playful Headquarters||300 East Davis Street, 75069||55,000||2018|
|2 Greenside at Craig Ranch||6950 TPC Drive, 75070||48,421||2017|
Worth noting among recent office completions on the McKinney market is District 121 McKinney, which is currently the largest new office development in the city, at 190,405 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 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.