2024 Office Space Rent & Sales
- $31.46 2024 Avg. Asking Rent
- 23.16% 2024 Office Vacancy Rate
- $341.2M2024 Total Office Sales
- $131.61Avg. Sale Price/SF
Dallas office price per square foot in 2024 was $31.46 on average. The local office market recorded an average vacancy rate of 23.16% across all asset classes combined. The 13 transactions that closed here throughout 2024 amounted to a total sale volume of $341.2M. Dallas office space commanded an average sale price per square foot of $131.61.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Dallas Class A & A+ Office Space$36.68
- Dallas Class B Office Space$23.30
- Dallas Class C Office Space$21.50
- Texas Class A & A+ Office Space$38.26
- Texas Class B Office Space$24.71
- Texas Class C Office Space$19.84
Dallas, TX Office Asking Rents by Class
Average office rent in Dallas rested at $31.46 per square foot in 2024. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Dallas averaged $36.68 per square foot. Across all submarkets, class B office space recorded an average asking rent of $23.30 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $21.50 per square foot, on average. Comparably, statewide Texas average office rents by class in 2024 were: $38.26 per square foot for class A office space; $24.71 per square foot for class B office space; $19.84 per square foot for class C office space.
2024 Office Vacancy Rates in Dallas
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Uptown/Oak Lawn | $59.99 | 13.98% |
Preston Hollow | $56.54 | 12.30% |
Central Expressway | $33.27 | 18.79% |
East Dallas | $31.43 | 14.19% |
Platinum Corridor South | $29.89 | 24.06% |
South Dallas | $29.31 | 50.47% |
Dallas Central Business District | $27.78 | 31.87% |
Las Colinas | $27.68 | 25.21% |
North Dallas | $26.93 | 24.92% |
Telecom Corridor | $22.58 | 24.06% |
West Dallas | $21.74 | 19.23% |
Lake Highlands | $20.60 | 35.99% |
Northwest Dallas | $19.80 | 27.57% |
Dallas Office Sale Price per SF
- $131.612024 Avg. Price per SF
- 23.94%Y-o-Y Avg. PpSF Change
- $341.2M2024 Office Sales Volume
- 132024 Number of Transactions
Dallas, TX Sale Price per SF Trend
- Dallas Avg. Sale Price per SF in 2024$131.61
- Texas Avg. Sale Price per SF in 2024$150.73
2024 Office Sales Volume
- Dallas, TX Total Office Sales Volume in 2024 $341.2M
- Dallas, TX Total Number of Office Sales Closed in 2024 13
Largest Dallas Office Sales in 2024
Property name | Address | Date | Price |
---|---|---|---|
Tower at Park Lane | 8750 North Central Expwy | 12/30/2024 | $66,000,000 |
One Triumph Place | 8401 North Central Expwy | 3/21/2024 | $54,000,000 |
Parkway Office Center | 14180 Dallas Pkwy | 9/4/2024 | $18,500,000 |
North Central Plaza I | 12655 North Central Expwy | 4/2/2024 | $14,250,000 |
Coworking Spaces in Texas
- Houston Coworking Space
- Dallas Coworking Space
- Denver Coworking Space
- Austin Coworking Space
- Nashville Coworking Space
- San Antonio Coworking Space
- Phoenix Coworking Space
- Salt Lake City Coworking Space
- Plano Coworking Space
- Scottsdale Coworking Space
- Fort Worth Coworking Space
- Kansas City Coworking Space
- New Orleans Coworking Space
- St. Louis Coworking Space
- Colorado Springs Coworking Space
- Tulsa Coworking Space
- Boulder Coworking Space
- Memphis Coworking Space
- Omaha Coworking Space
- Tucson Coworking Space
- Chattanooga Coworking Space
2024 Office Construction in Dallas, TX
- Dallas, TX Total SF completed in 2024 480,425
- Dallas, TX Total SF under construction in 2025 998,647
During 2024, 480,425 square feet of new office space were delivered across the market. At the close of 2024, the Dallas office inventory included 2 buildings equal to or larger than 25,000 square feet, which comprised 480,425 square feet of office space. Looking forward, development activity throughout 2025 is estimated to add 998,647 square feet of office space to the market, before year-end.
Office building | Address | SF | Completed |
---|---|---|---|
23Springs | 2323 Cedar Springs Road, 75201 | 642,215 | 2025 |
Victory Center | 2371 Victory Ave, 75219 | 466,000 | 2025 |
8111 Douglas | 8111 Douglas Ave., 75225 | 220,523 | 2023 |
Maple Terrace | 3001 Maple Ave, 75201 | 157,000 | 2023 |
River Edge | 155 Riveredge Drive, 75207 | 146,956 | 2023 |
Thirteen Thirty Three | 1333 Oak Lawn Avenue, 75207 | 125,865 | 2023 |
The Epic II | 2500 Pacific Avenue, 75226 | 485,000 | 2022 |
300 Pearl | 2110 Jackson Street, 75201 | 558,214 | 2021 |
The Link at Uptown | 2601 Olive Street, 75201 | 301,321 | 2021 |
The Stack at Deep Ellum | 2700 Commerce Street, 75226 | 207,299 | 2021 |
Worth noting among recent office completions on the Dallas market is 23Springs, which is currently the largest new office development in the city, at 642,215 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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Dallas 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.