2024 Office Space Rent & Sales
- $42.66 2024 Avg. Asking Rent
- 26.97% 2024 Office Vacancy Rate
Plano office price per square foot in 2024 was $42.66 on average. The local office market recorded an average vacancy rate of 26.97% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Plano Class A & A+ Office Space$44.40
- Plano Class B Office Space$25.95
- Plano Class C Office Space$15.00
- Texas Class A & A+ Office Space$38.26
- Texas Class B Office Space$24.71
- Texas Class C Office Space$19.84
Plano, TX Office Asking Rents by Class
Average office rent in Plano rested at $42.66 per square foot in 2024. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Plano averaged $44.40 per square foot. Across all submarkets, class B office space recorded an average asking rent of $25.95 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $15.00 per square foot, on average. Comparably, statewide Texas average office rents by class in 2024 were: $38.26 per square foot for class A office space; $24.71 per square foot for class B office space; $19.84 per square foot for class C office space.
2024 Office Vacancy Rates in Plano
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Platinum Corridor North | $42.75 | 27.78% |
| Plano | $30.02 | 17.77% |
| North Dallas | $26.93 | 24.92% |
Coworking Spaces in Texas
- Houston Coworking Space
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- Omaha Coworking Space
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- Memphis Coworking Space
- Tucson Coworking Space
- Chattanooga Coworking Space
2024 Office Construction in Plano, TX
- Plano, TX Total SF completed in 2024 692,584
- Plano, TX Total SF under construction in 2025 100,000
During 2024, 692,584 square feet of new office space were delivered across the market. At the close of 2024, the Plano office inventory included 4 buildings equal to or larger than 25,000 square feet, which comprised 692,584 square feet of office space. Looking forward, development activity throughout 2025 is estimated to add 100,000 square feet of office space to the market, before year-end.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 121 Commerce Center - AQUA | 8580 Belleview Drive, 75024 | 100,000 | 2025 |
| Ryan Tower at Legacy West | 8101 Windrose Avenue, 75024 | 409,182 | 2024 |
| 121 Commerce Center - TERRA | 8560 Belleview Drive, 75024 | 100,000 | 2024 |
| GRANITE PARK PROFESSIONAL OFFICE CONDOS | 5740 State Highway 121, 75024 | 33,600 | 2024 |
| 6843 Communications Pkwy | 6843 Communications Pkwy, 75024 | 2,050 | 2024 |
| Granite Park Six | 5525 Granite Pkwy, 75024 | 422,109 | 2023 |
| The Landing - 6261-6275 West Plano Pkwy | 6275 West Plano Pkwy, 75093 | 238,652 | 2023 |
| 6100 Legacy | 6100 Legacy Dr, 75024 | 327,000 | 2022 |
| Towne Square II | 8400 Belleview Drive, 75024 | 80,051 | 2021 |
| 1302 Municipal Ave. | 1302 Municipal Ave., 75074 | 1,769 | 2021 |
Worth noting among recent office completions on the Plano market is 121 Commerce Center - AQUA, which is currently the largest new office development in the city, at 100,000 square feet.
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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Plano 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.