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)
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
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 |
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 |
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 |
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.