2024 Office Space Rent & Sales
- $40.79 2024 Avg. Asking Rent
- 32.91% 2024 Office Vacancy Rate
Southlake office price per square foot in 2024 was $40.79 on average. The local office market recorded an average vacancy rate of 32.91% 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
- Southlake Class A & A+ Office Space$51.39
- Southlake Class B Office Space$29.29
- Texas Class A & A+ Office Space$38.26
- Texas Class B Office Space$24.71
- Texas Class C Office Space$19.84
Southlake, TX Office Asking Rents by Class
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2024 Office Construction in Southlake, TX
- Southlake, TX Total SF under construction in 2025 26,000
| Office building | Address | SF | Completed |
|---|---|---|---|
| 2510-2560 E SH 114 | 2510-2560 E SH 114, 75092 | 8,000 | 2024 |
| 2510-2560 E SH 114 | 2510-2560 E SH 114, 75092 | 8,000 | 2024 |
| Granite Place II at Southlake Town Square | 601 State Street, 76092 | 143,524 | 2023 |
| Southlake Commons Office | 171 W Southlake Blvd, 76092 | 6,000 | 2023 |
| Pinnacle Point - Building 3 | 425 South Kimball Avenue, 76092 | 26,493 | 2020 |
| 175 S Kimball Ave #120 | 175 S Kimball Ave, 76092 | 1,407 | 2020 |
| Chapel Crossing | 245 W SH 114, 76092 | 50,000 | 2018 |
| FALCON BUILDING | 500 E SH 114, 76092 | 20,000 | 2018 |
| 245 West State Highway 114 | 245 West State Highway 114, 76092 | 59,001 | 2017 |
| Baylor Scott & White Southlake Medical Office Building | 925 E Southlake Boulevard, 76092 | 44,888 | 2017 |
Worth noting among recent office completions on the Southlake market is 2510-2560 E SH 114, which is currently the largest new office development in the city, at 8,000 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 Southlake 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.