Round Rock Office Rent Price & Sales Report

2021 Office Space Rent & Sales

  • $32.61 2021 Avg. Asking Rent
  • -1.94% Y-o-Y Avg. Asking Rent Change
  • 3.03% 2021 Office Vacancy Rate
  • $42.2M2021 Total Office Sales
  • $295.75Avg. Sale Price/SF

Round Rock office price per square foot in 2021 was $32.61 on average. This marked a -1.94% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 3.03% across all asset classes combined. The 3 transactions that closed here throughout 2021 amounted to a total sale volume of $42.2M. Round Rock office space commanded an average sale price per square foot of $295.75.

Average Rent by Office Class

2021 Average Office Rent per Square Foot

  • Round Rock Class A & A+ Office Space$32.85
  • Round Rock Class B Office Space$32.26
  • Texas Class A & A+ Office Space$35.57
  • Texas Class B Office Space$23.85
  • Texas Class C Office Space$18.04

Round Rock, TX Office Asking Rents by Class

Office Spaces for Rent in Texas

Round Rock Office Sale Price per SF

  • $295.752021 Avg. Price per SF
  • 31.86%Y-o-Y Avg. PpSF Change
  • $42.2M2021 Office Sales Volume
  • 32021 Number of Transactions

Round Rock, TX Sale Price per SF Trend

  • Round Rock Avg. Sale Price per SF in 2021$295.75
  • Texas Avg. Sale Price per SF in 2021$261.88
Round Rock office space cost in 2021 marked a +31.86% change compared to the previous year. The sale price for office space in Round Rock averaged $295.75 per square foot in 2021, across all market subdivisions and asset classes. Conversely, the statewide Texas average office sale price during the same time period was $261.88 per square foot.

2021 Office Sales Volume

  • Round Rock, TX Total Office Sales Volume in 2021 $42.2M
  • Round Rock, TX Total Number of Office Sales Closed in 2021 3
A total of 3 deals closed on the Round Rock office market in 2021, adding up to a yearly sales volume of $42.2M. Notably, the largest transaction on the market saw La Frontera Plaza change hands for $31,429,000 on 10/28/2021.

Largest Round Rock Office Sales in 2021

Property name Address Date Price
La Frontera Plaza 2700 La Frontera Blvd 10/28/2021 $31,429,000
1700 Royston Lane 1700 Royston Lane 4/1/2021 $7,143,000
2120 Round Rock Avenue 2120 Round Rock Avenue 3/25/2021 $3,607,000
Data provided by Commercial Edge

Coworking Spaces in Texas

2021 Office Construction in Round Rock, TX

  • Round Rock, TX Total SF under construction in 2022 54,892
Largest Office Properties Recently Completed in Round Rock
Office building Address SF Completed
University Square 4700 Campus Village Drive, 78665 25,288 2023
The Seasons at Chandler Creek 2200 N AW Grimes, 78665 4,100 2022
The Seasons at Chandler Creek Unit 210 2200 N A.W. Grimes Blvd Unit 210, 78665 1,639 2022
University Square 4700 Campus Village Drive, 78665 25,000 2021
1000 Gattis School Rd #520 1000 Gattis School Rd #520, 78664 889 2020
1000 Gattis School Rd #510 1000 Gattis School Rd #510, 78664 850 2020
MESA CREEK 801 East Old Settlers Boulevard, 78664 59,476 2019
2681 Gattis School Road 2681 Gattis School Road, 78664 23,335 2016
455 University Blvd 455 University Blvd, 78665 12,940 2015
Turtle Creek Market 1500 South A.W. Grimes Blvd, 78664 33,702 2007

Worth noting among recent office completions on the Round Rock market is University Square, which is currently the largest new office development in the city, at 25,288 square feet.

Data provided by Commercial Edge

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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 2021 through December 31st 2021. Construction pipeline data represented herein is valid as of April 2022. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Round Rock 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.