2020 Office Space Rent & Sales
- $33.25 2020 Avg. Asking Rent
- -0.73% Y-o-Y Avg. Asking Rent Change
- 7.10% 2020 Office Vacancy Rate
Round Rock office price per square foot in 2020 was $33.25 on average. This marked a -0.73% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 7.10% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Round Rock Class A Office Space$33.71
- Round Rock Class B Office Space$32.68
- Texas Class A Office Space$35.41
- Texas Class B Office Space$23.36
- Texas Class C Office Space$16.89
Round Rock, TX Office Asking Rents by Class
2020 Office Construction in Round Rock, TX
- Round Rock, TX Total Sqft completed in 2020
- Round Rock, TX Total Sqft under construction in 2021 25,228
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Round Rock office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space. Looking forward, development activity throughout 2021 is estimated to add 25,228 square feet of office space to the market, before year-end.
| Office building | Address | Sqft | Completed |
|---|---|---|---|
| City Centre - Building 2 | 551 South Interstate 35, 78664 | 21,864 | 2021 |
| Chandler Creek Business Park - Buildings K1 & K2 | 3141 Eagles Nest Street, 78665 | 32,690 | 2019 |
| 305 West Liberty Street | 305 West Liberty Street, 78664 | 9,986 | 2019 |
| Scott & White Clinic - Round Rock 300 University | 300A University Blvd, 78665 | 97,653 | 2017 |
| University Village Office Park | 1101 Satellite View, 78665 | 25,080 | 2017 |
| 559 Interstate 35 | 559 Interstate 35, 78664 | 21,864 | 2017 |
| 3500 East Palm Valley Blvd | 3500 East Palm Valley Blvd, 78665 | 20,438 | 2017 |
| 1001 Little Oak Way | 1001 Little Oak Way, 78681 | 16,042 | 2017 |
| 110 Deer Ridge Drive | 110 Deer Ridge Drive, 78681 | 12,724 | 2017 |
| 1545 Round Rock Avenue | 1545 Round Rock Avenue, 78681 | 12,238 | 2017 |
Worth noting among recent office completions on the Round Rock market is City Centre - Building 2, which is currently the largest new office development in the city, at 21,864 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 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.