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
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
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
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 |
Coworking Spaces in Texas
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2021 Office Construction in Round Rock, TX
- Round Rock, TX Total SF under construction in 2022 54,892
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.
See reports for other markets
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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.