Highlights
- The average rent for office space in Midland is $22.48 per square foot, 3.62% lower compared to the previous year.
- The market’s vacancy rate stands at 19.23%, higher than the state average of Texas, which is 17.16%.
2025 Office Space Rent & Sales
- $22.48 2025 Avg. Asking Rent
- -3.62% Y-o-Y Avg. Asking Rent Change
- 19.23% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Midland?
Average asking rents for office space here stand at $22.48 per square foot. The local office market recorded an average vacancy rate of 19.23% in 2025, unchanged from 19.23% in 2024.
Midland, TX Office Asking Rents by Class
What is the average office rent per square foot by property class in Midland?
- Avg. Asking Rent Class A & A+$24.48
- Avg. Asking Rent Class B$21.01
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.
Midland, TX Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Outlying Midland County | $28.51 | 24.91% |
| Midland CBD | $21.80 | 22.91% |
| Greater Midland | $21.30 | 30.60% |
| Midland Airpark | $21.29 | 6.01% |
Office Construction in Midland, TX
What are the largest recent office completions in Midland?
The largest recent office completion here is Available Suites for Lease at One Community Centre at 182,062 square feet, completed in 1984. The next largest completions are 4000 North Big Spring Street and Atrium Center.
| Office building | Address | SF | Completed |
|---|---|---|---|
| NGSG Building | 404 Veterans Airpark Ln, 79705 | 42,165 | 2019 |
| Lone Star Biogenetics, LLC | 3403 Andrews Highway, Suite 100, Midland, Texas, 79703 | 3,579 | 2011 |
| Pedi Med Center | 5801 W Wadley Ave, 79707 | 5,765 | 2003 |
| 2408 N Big Spring St | 2408 N Big Spring St, 79705 | 18,540 | 1985 |
| Available Suites for Lease at One Community Centre | 500 W Illinois Ave, 79701 | 182,062 | 1984 |
| 400 W Illinois Ave | 400 W Illinois Ave, 79701 | 6,663 | 1984 |
| 4000 North Big Spring Street | 4000 North Big Spring Street, 79705 | 96,711 | 1983 |
| Atrium Center | 110 W Louisiana Ave, 79701 | 77,868 | 1983 |
| 303 Veterans Airpark Ln | 303 Veterans Airpark Ln, 79705 | 58,336 | 1983 |
| 4200 N Midland Dr | 4200 N Midland Dr, 79707 | 1,546 | 1983 |
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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.