Carrollton Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $23.15 2023 Avg. Asking Rent
  • 17.55% 2023 Office Vacancy Rate

Carrollton office price per square foot in 2023 was $23.15 on average. The local office market recorded an average vacancy rate of 17.55% 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

Carrollton, TX Office Asking Rents by Class

2023 Office Vacancy Rates in Carrollton

Submarket Asking Rents Vacancy Rates
Platinum Corridor North $37.60 24.60%
Platinum Corridor South $31.25 18.84%
Lewisville $21.83 16.18%
Northwest Dallas $18.16 15.34%
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 Carrollton market was 17.55% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Carrollton was 15.34% in the Northwest Dallas submarket, while the highest office vacancy in the market was 24.60%, recorded in Platinum Corridor North.

Office Spaces for Rent in Texas

Coworking Spaces in Texas

2023 Office Construction in Carrollton, TX

  • Carrollton, TX Total SF completed in 2023 54,324

During 2023, 54,324 square feet of new office space were delivered across the market. At the close of 2023, the Carrollton office inventory included 2 buildings equal to or larger than 25,000 square feet, which comprised 54,324 square feet of office space.

Largest Office Properties Recently Completed in Carrollton
Office building Address SF Completed
4305-4309 Marsh Ridge Rd. 4305-4309 Marsh Ridge Rd, 75010 12,185 2022
North Texas Regional Hospital 1401 E Trinity Mills Road, 75006 62,196 2015
4320 Marsh Ridge Road 4320 Marsh Ridge Road, 75010 8,208 2009
2459 E Hebron Pkwy 2459 E Hebron Pkwy, 75010 280 2009
Plano Pediatric Medical Pavilion 7000 West Plano Pkwy, 75093 81,961 2005
The Watermark 4340 N Josey Ln, 75010 16,752 2004
International Business Park - 4100 International Pkwy 4100 International Pkwy, 75007 105,158 2002
International Business Park - 4120 International Pkwy 4120 International Pkwy, 75007 99,804 2002
Four Square Building 1011 S Broadway St, 75006 4,556 2002
Hebron Office Center 4125 Fairway Dr, 75010 22,171 2001

Worth noting among recent office completions on the Carrollton market is 4305-4309 Marsh Ridge Rd., which is currently the largest new office development in the city, at 12,185 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 Carrollton 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.