Farmers Branch Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $31.26 2023 Avg. Asking Rent
  • -1.93% Y-o-Y Avg. Asking Rent Change
  • 20.83% 2023 Office Vacancy Rate

Farmers Branch office price per square foot in 2023 was $31.26 on average. This marked a -1.93% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 20.83% 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

Farmers Branch, TX Office Asking Rents by Class

2023 Office Vacancy Rates in Farmers Branch

Submarket Asking Rents Vacancy Rates
Platinum Corridor South $31.25 18.84%
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 Farmers Branch market was 20.83% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Farmers Branch was 15.34% in the Northwest Dallas submarket, while the highest office vacancy in the market was 18.84%, recorded in Platinum Corridor South.

Office Spaces for Rent in Texas

Coworking Spaces in Texas

2023 Office Construction in Farmers Branch, TX

Largest Office Properties Recently Completed in Farmers Branch
Office building Address SF Completed
1801 Wittington Place 1801 Wittington Place, 75234 96,592 2021
Mercer Business Park - Monitronics Headquarters 1990 Wittington Place, 75234 165,000 2015
International Plaza II 14221 N Dallas Pky, 75254 396,776 2002
International Plaza III 14241 Dallas Pkwy, 75254 354,182 2001
Four Hickory Centre 1755 Wittington Place, 75234 228,789 2001
One Colinas Crossing 11701 Luna Rd, 75234 181,961 1999
Two Colinas Crossing 11511 Luna Road, 75234 181,072 1999
1800 Valley View Lane 1800 Valley View Lane, 75234 97,096 1999
Pinnacle Tower 5005 Lyndon B. Johnson Fwy, 75244 549,170 1985
Providence Towers 5001 Spring Valley Road, 75244 510,529 1985

Worth noting among recent office completions on the Farmers Branch market is 1801 Wittington Place, which is currently the largest new office development in the city, at 96,592 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 Farmers Branch 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.