Conroe Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $25.88 2023 Avg. Asking Rent
  • 13.23% 2023 Office Vacancy Rate

Conroe office price per square foot in 2023 was $25.88 on average. The local office market recorded an average vacancy rate of 13.23% 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

Conroe, TX Office Asking Rents by Class

2023 Office Vacancy Rates in Conroe

Submarket Asking Rents Vacancy Rates
The Woodlands $34.17 19.55%
Conroe $25.88 10.72%
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 Conroe market was 13.23% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Conroe was 10.72% in the Conroe submarket, while the highest office vacancy in the market was 19.55%, recorded in The Woodlands.

Office Spaces for Rent in Texas

Coworking Spaces in Texas

2023 Office Construction in Conroe, TX

  • Conroe, TX Total SF completed in 2023 53,000

During 2023, 53,000 square feet of new office space were delivered across the market. At the close of 2023, the Conroe office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 53,000 square feet of office space.

Largest Office Properties Recently Completed in Conroe
Office building Address SF Completed
2109 Maurel Dr - Office for Sale/Lease 2109 Maurel Drive, 77304 10,000 2023
2109 Maurel Dr - Office for Sale/Lease 2109 Maurel Drive, 77304 10,000 2023
Physicians Center at Vision Park 18354 I-45 S, 77384 47,747 2022
Marcel Boulevard - Building G 1135 Grand Central Pkwy, 77304 45,000 2022
2643 S Loop 336 W - Office For Sale 2643 S Loop 336 W, 77304 20,000 2022
2751 S Loop 336 W - Office For Sale 2751 S Loop 336 W, 77304 10,000 2022
Mallard Cove - Office Suites 2643 S Loop 336 W, 77304 30,000 2021
400 River Pointe Dr 400 River Pointe Dr, 77304 10,877 2021
1020 Riverwood Court 1020 Riverwood Court, 77304 50,000 2018
800 Riverwood Ct 800 Riverwood Ct, 77304 16,401 2018

Worth noting among recent office completions on the Conroe market is 2109 Maurel Dr - Office for Sale/Lease, which is currently the largest new office development in the city, at 10,000 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 Conroe 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.