Grand Prairie Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $21.28 2023 Avg. Asking Rent
  • -2.39% Y-o-Y Avg. Asking Rent Change
  • 9.70% 2023 Office Vacancy Rate

Grand Prairie office price per square foot in 2023 was $21.28 on average. This marked a -2.39% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 9.70% 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

Grand Prairie, TX Office Asking Rents by Class

2023 Office Vacancy Rates in Grand Prairie

Submarket Asking Rents Vacancy Rates
Arlington $23.15 17.28%
Grand Prairie $19.74 13.60%
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 Grand Prairie market was 9.70% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Grand Prairie was 13.60% in the Grand Prairie submarket, while the highest office vacancy in the market was 17.28%, recorded in Arlington.

Office Spaces for Rent in Texas

Coworking Spaces in Texas

2023 Office Construction in Grand Prairie, TX

Largest Office Properties Recently Completed in Grand Prairie
Office building Address SF Completed
I-30 MacArthur Business Center 2407 E. Interstate 30, 75050 208,743 2021
845 Desco Ln 845 Desco Ln, 75051 3,240 2019
Cubework Gifford 2615 Gifford Street, 75050 322,215 2018
Cubework Grand Prairie 2250 Lion Country Pkwy, 75050 344,400 2015
Jefferson Center 513 W Jefferson St, 75051 24,744 2008
Lake Ridge Medical Office Building 4927 Lake Ridge Parkway, 75052 36,061 2005
2217 W Jefferson St 2217 W Jefferson St, 75051 28,316 2000
Plaza On The Parkway 545 West Pioneer Pkwy, 75051 60,140 1986
METROPLEX MED CENTER CONDOS 643 S Great Southwest Pkwy, 75051 6,066 1986
METROPLEX MED CENTER CONDOS 643 S Great Southwest Pkwy, 75051 6,066 1986

Worth noting among recent office completions on the Grand Prairie market is I-30 MacArthur Business Center, which is currently the largest new office development in the city, at 208,743 square feet.

Data provided by Commercial Edge

See reports for other markets

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 Grand Prairie 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.