Grapevine Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $22.91 2023 Avg. Asking Rent
  • 20.02% 2023 Office Vacancy Rate

Grapevine office price per square foot in 2023 was $22.91 on average. The local office market recorded an average vacancy rate of 20.02% 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

Grapevine, TX Office Asking Rents by Class

2023 Office Vacancy Rates in Grapevine

Submarket Asking Rents Vacancy Rates
Westlake $32.84 24.50%
Lewisville $21.83 16.18%
East Fort Worth $20.02 29.77%
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 Grapevine market was 20.02% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Grapevine was 16.18% in the Lewisville submarket, while the highest office vacancy in the market was 29.77%, recorded in East Fort Worth.

Office Spaces for Rent in Texas

Coworking Spaces in Texas

2023 Office Construction in Grapevine, TX

Largest Office Properties Recently Completed in Grapevine
Office building Address SF Completed
Professional Office Building 1900 Enchanted Way, 76051 25,066 2011
1900 Enchanted Way 1900 Enchanted Way, 76051 24,595 2011
Clearview II 1631 Lancaster Dr., 76051 83,000 2009
1301 Municipal Way 1301 Municipal Way, 76051 30,480 2008
1026 TEXAN TRL 1026 TEXAN TRL, 76051 22,500 2008
4550 State Highway 360 4550 State Highway 360, 76051 21,230 2008
4201 William D Tate Ave 4201 William D Tate Ave, 76051 64,931 2007
4201 William D Tate Ave 4201 William D Tate Ave, 76051 64,931 2007
1920 Enchanted Way 1920 Enchanted Way, 76051 21,925 2007
2305 Mustang Dr 2305 Mustang Dr, 76051 21,466 2007

Worth noting among recent office completions on the Grapevine market is Professional Office Building, which is currently the largest new office development in the city, at 25,066 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 Grapevine 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.