Frisco Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $36.86 2023 Avg. Asking Rent
  • 0.34% Y-o-Y Avg. Asking Rent Change
  • 10.99% 2023 Office Vacancy Rate

Frisco office price per square foot in 2023 was $36.86 on average. This marked a +0.34% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 10.99% 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

Frisco, TX Office Asking Rents by Class

2023 Office Vacancy Rates in Frisco

Submarket Asking Rents Vacancy Rates
Platinum Corridor North $37.60 24.60%
Denton $29.84 9.52%
Plano $26.46 16.77%
Lewisville $21.83 16.18%
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 Frisco market was 10.99% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Frisco was 9.52% in the Denton 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 Frisco, TX

  • Frisco, TX Total SF completed in 2023 313,417
  • Frisco, TX Total SF under construction in 2024 1,193,346

During 2023, 313,417 square feet of new office space were delivered across the market. At the close of 2023, the Frisco office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 313,417 square feet of office space. Looking forward, development activity throughout 2024 is estimated to add 1,193,346 square feet of office space to the market, before year-end.

Largest Office Properties Recently Completed in Frisco
Office building Address SF Completed
The Star - Phase IV 17 Cowboys Way, 75034 299,970 2023
8018 Preston Rd Ste 505 8018 Preston Rd Ste 505, 75034 4,600 2021
25663 Smotherman Rd, Unit 205 25663 Smotherman Rd, Unit 205, 75033 1,150 2021
The Offices at Chapel Creek 7330 Stonebrook Pky, 75034 32,772 2020
6475 Preston Road 6475 Preston Road, 75034 33,000 2019
Baylor Scott & White Sports Therapy & Research at The Star 3800 Gaylord Pkwy, 75034 300,000 2018
8668 John Hickman Pkwy #804 8668 John Hickman Pkwy #804, 75034 1,150 2017
The Star Headquarters One Cowboys Way, 75034 397,819 2016
Frisco Bridges 2600 Dallas Pkwy, 75034 163,923 2016
Office Space at Shops at Starwood 5285 Dallas Parkway, 75034 35,281 2016

Worth noting among recent office completions on the Frisco market is The Star - Phase IV, which is currently the largest new office development in the city, at 299,970 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 Frisco 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.