2023 Office Space Rent & Sales
- $22.82 2023 Avg. Asking Rent
- 1.82% Y-o-Y Avg. Asking Rent Change
- 23.80% 2023 Office Vacancy Rate
Allen office price per square foot in 2023 was $22.82 on average. This marked a +1.82% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 23.80% 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
2023 Average Office Rent per Square Foot
- Texas Class A & A+ Office Space$36.17
- Texas Class B Office Space$24.95
- Texas Class C Office Space$31.07
Allen, TX Office Asking Rents by Class
Office Spaces for Rent in Texas
Coworking Spaces in Texas
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2023 Office Construction in Allen, TX
- Allen, TX Total SF under construction in 2024 102,000
| Office building | Address | SF | Completed |
|---|---|---|---|
| One Bethany West | 950 W Bethany Dr, 75013 | 200,000 | 2020 |
| One Bethany West at Watters Creek | 950 West Bethany Drive, 75013 | 200,000 | 2020 |
| One Bethany East | 900 West Bethany Drive, 75013 | 120,170 | 2018 |
| Allen Medical Plaza | 1120 Raintree Circle, 75013 | 44,761 | 2018 |
| Exchange Pkwy | 975 W. Exchange Pkwy, 75013 | 8,582 | 2018 |
| Texas Health Presbyterian Hospital Allen - MOB 3 | 1120 Raintree Circle, 75013 | 48,108 | 2017 |
| AllenPlace - Building 1 | 450 Century Pkwy, 75013 | 102,471 | 2016 |
| Allen Corporate Center | 800 N. Watters Road, 75013 | 22,628 | 2015 |
| The Village at Allen | 190 East Stacy Road, 75002 | 836,022 | 2009 |
| Lone Star Medical Center | 977 Raintree Cir, 75013 | 17,988 | 2009 |
Worth noting among recent office completions on the Allen market is One Bethany West, which is currently the largest new office development in the city, at 200,000 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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Allen 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.