Sugar Land Office Market Trends

Office Rental Market

  • $24.50 2019 Avg. Asking Rent
  • 8.44 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 83,000 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Sugar Land was $24.50 per square foot, and the office vacancy rate across the market averaged 8.44 %. During 2019, developers added 0 square feet of new office space to the Sugar Land market inventory. Office developments estimated for delivery during 2020 total 83,000 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Sugar Land Class A Office Buildings$29.63
  • Sugar Land Class B Office Buildings$22.51
  • TX Class A Office Buildings$34.48
  • TX Class B Office Buildings$23.32
  • TX Class C Office Buildings$16.03

Sugar Land, TX Office Asking Rents by Class

OFFICE CONSTRUCTION IN Sugar Land, TX

  • Sugar Land, TX Total Sqft completed in 2019 0
  • Sugar Land, TX Total Sqft under construction in 2020 83,000
10 Largest Office Buildings in Sugar Land
Building name Address Total Sqft Year built
Lake Pointe Plaza - Building D 1 Fluor Daniel Drive, 77478 315,000 1984
Lake Pointe Plaza - Building B 1 Fluor Daniel Drive, 77478 222,000 1984
Lake Pointe Plaza - Building C 1 Fluor Daniel Drive, 77478 222,000 1984
Lake Pointe Plaza - Building A 1 Fluor Daniel Drive, 77478 221,000 1984
Sugar Creek I 13135 South Dairy Ashford Road, 77478 204,377 1999
One Sugar Creek 1 Sugar Creek Center Blvd, 77478 193,988 1984
Lake Pointe Plaza - Support Services 1 Fluor Daniel Drive, 77478 188,000 1984
The Minute Maid Building 2150 Town Square Place, 77479 185,000 2009
Offices at Kensington 1 & 2 1600 State Highway 6, 77478 170,436 1998
The Texas Drive Building 2245 Texas Drive, 77478 166,000 2010
Largest Office Properties Recently Completed in Sugar Land
Office building Address Sqft Completed
The Marcel District - Building A 18702 University Blvd, 77479 27,000 2020
7619 Branford Place 7619 Branford Place, 77479 38,599 2018
1435 State Highway 6 1435 State Highway 6, 77478 25,217 2018
University Professional 13440 University Blvd, 77479 40,710 2016
6914 Brisbane Court 6914 Brisbane Court, 77479 25,746 2016
7705 Highway 90-A 7705 Highway 90-A, 77478 133,000 2015
Memorial Hermann Sugar Land Medical Plaza 2 17520 West Grand Pkwy South, 77479 100,000 2015
13905 University Blvd 13905 University Blvd, 77479 163,260 2014
Methodist Orthopedics & Sports Medicine Building 16811 Southwest Fwy, 77479 77,000 2014
Memorial Hermann Surgical Hospital 16906 Southwest Fwy, 77479 42,022 2012
Data provided by Commercial Edge

Office Spaces for Rent in Texas

SUGAR LAND OFFICE SALES TRENDS

  • $218.192019 Avg. Price per Sqft
  • -8.52 %Y-o-Y Avg. PpSF Change
  • $133M2019 Office Sales Volume
  • 42019 Number of Transactions

In 2019, office sales in Sugar Land averaged $218.19 per square foot. This marked a -8.52 % decrease in office price per square foot, compared to the previous year. A total of 4 office sales closed on the Sugar Land office market in 2019, amounting to a total sales volume of $133M.

Average Office Sale Price per Sqft

Sugar Land, TX Sales Trends

  • Sugar Land Price per Sqft$218.19
  • Texas Price per Sqft$253.24

Office Sales - Trend and Volume

  • Sugar Land, TX Total Office Sales Volume in 2019 $133M
  • Sugar Land, TX Total Number of Office Sales Closed in 2019 4

Largest Sugar Land Office Sales in 2019

Property name Address Date Price
One Sugar Creek 1 Sugar Creek Center Blvd 5/20/2019 $41,429,000
Sugar Creek Place I 14100 Southwest Fwy 10/21/2019 $34,214,000
Sugar Land Medical Plaza 1327 Lake Pointe Pkwy 7/26/2019 $30,000,000
Two Sugar Creek Center 77 Sugar Creek Center Blvd 6/20/2019 $27,400,000
Data provided by Commercial Edge

See trends for nearby markets

The Sugar Land office market contains an inventory of 6,673,257 square feet of office space, in 88 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Sugar Land 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.