Corpus Christi Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $20.29 2023 Avg. Asking Rent
  • 1.40% Y-o-Y Avg. Asking Rent Change
  • 17.51% 2023 Office Vacancy Rate

Corpus Christi office price per square foot in 2023 was $20.29 on average. This marked a +1.40% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 17.51% 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

Corpus Christi, TX Office Asking Rents by Class

2023 Office Vacancy Rates in Corpus Christi

Submarket Asking Rents Vacancy Rates
South Side $23.26 7.79%
CBD $16.50 21.11%
West Side $15.60 11.91%
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 Corpus Christi market was 17.51% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Corpus Christi was 7.79% in the South Side submarket, while the highest office vacancy in the market was 21.11%, recorded in CBD.

Office Spaces for Rent in Texas

Coworking Spaces in Texas

2023 Office Construction in Corpus Christi, TX

  • Corpus Christi, TX Total SF completed in 2023 32,074

During 2023, 32,074 square feet of new office space were delivered across the market. At the close of 2023, the Corpus Christi office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 32,074 square feet of office space.

Largest Office Properties Recently Completed in Corpus Christi
Office building Address SF Completed
Brand New Office Space For Lease 2051 Roddfield, 78412 12,318 2020
Texas Champion Bank Building 6124 S Staples St, 78413 34,702 2008
807 N. Upper Broadway Street 807 N. Upper Broadway Street, 78401 46,106 2006
Ayers Plaza 4918 Ayers St, 78415 25,200 2004
4838 Holly Rd 4838 Holly Rd, 78411 5,888 1987
2201 & 2206 Cleo St 2201 & 2206 Cleo St, 78405 2,870 1985
Kleberg Bank Building 5350 S Staples Street, 78411 126,093 1984
Sun Plaza 5656 S Staples St, 78411 73,831 1984
Office Space 5541 Bear Ln, 78405 44,240 1984
5633 S Staples St 5633 S Staples St, 78411 37,632 1980

Worth noting among recent office completions on the Corpus Christi market is Brand New Office Space For Lease, which is currently the largest new office development in the city, at 12,318 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 Corpus Christi 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.