Arlington Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $23.00 2023 Avg. Asking Rent
  • 1.44% Y-o-Y Avg. Asking Rent Change
  • 18.96% 2023 Office Vacancy Rate

Arlington office price per square foot in 2023 was $23.00 on average. This marked a +1.44% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 18.96% 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

Arlington, TX Office Asking Rents by Class

2023 Office Vacancy Rates in Arlington

Submarket Asking Rents Vacancy Rates
Arlington $23.15 17.28%
South Fort Worth $22.88 11.74%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Arlington market was 18.96% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Arlington was 11.74% in the South Fort Worth submarket, while the highest office vacancy in the market was 17.28%, recorded in Arlington.

Office Spaces for Rent in Texas

Coworking Spaces in Texas

2023 Office Construction in Arlington, TX

  • Arlington, TX Total SF completed in 2023 47,160

During 2023, 47,160 square feet of new office space were delivered across the market. At the close of 2023, the Arlington office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 47,160 square feet of office space.

Largest Office Properties Recently Completed in Arlington
Office building Address SF Completed
Arlington Business Center TBD Bardin Road, 76018 476,802 2024
380 E Front Street - Urban Union 300-380 E Front Street, 76011 10,744 2023
Pleasant Place Offices 1801 & 1802 W. Pleasant Ridge, 76015 5,880 2023
4061 W Interstate 20 4061 W Interstate 20, 76017 10,550 2020
2701 Matlock Rd 2701 Matlock Rd, 76015 10,553 2016
3050 S Center St 3050 S Center St, 76014 22,442 2015
Arlington Medical Office Building 902 W Randol Mill Road, 76012 53,325 2012
Arlington Highlands 4000 Bagpiper Way, 76018 737,331 2009
The Village at Sports Center 5001 S Cooper St, 76017 88,837 2009
Vandergriff Town Center 200 Mesquite Street, 76011 28,221 2006

Worth noting among recent office completions on the Arlington market is Arlington Business Center, which is currently the largest new office development in the city, at 476,802 square feet.

Data provided by Commercial Edge

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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 Arlington 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.