2023 Office Space Rent & Sales
- $27.81 2023 Avg. Asking Rent
- -0.07% Y-o-Y Avg. Asking Rent Change
- 17.54% 2023 Office Vacancy Rate
McKinney office price per square foot in 2023 was $27.81 on average. This marked a -0.07% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 17.54% 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
McKinney, TX Office Asking Rents by Class
Office Spaces for Rent in Texas
Coworking Spaces in Texas
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2023 Office Construction in McKinney, TX
- McKinney, TX Total SF completed in 2023 22,410
- McKinney, TX Total SF under construction in 2024 38,399
During 2023, 22,410 square feet of new office space were delivered across the market. At the close of 2023, the McKinney office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 22,410 square feet of office space. Looking forward, development activity throughout 2024 is estimated to add 38,399 square feet of office space to the market, before year-end.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 5121 Custer Rd | 5121 Custer Rd, 75070 | 19,348 | 2024 |
| MB MEDICAL OFFICE | 5121 Custer Rd, 75070 | 19,348 | 2024 |
| 8876 Synergy Dr. Suite 200 | 8876 Synergy Dr, 75070 | 5,650 | 2024 |
| 5810 Collin McKinney Parkway | 5810 Collin McKinney Parkway, 75070 | 1,060 | 2023 |
| District 121 | 7300 State Highway 121, 75070 | 190,405 | 2022 |
| Fairview Office Center | 195 Murray Farm Road, 75069 | 98,000 | 2021 |
| 1870 N Stonebridge Dr | 1870 N Stonebridge Dr, 75071 | 23,596 | 2020 |
| 1870-1880 N Stonebridge Drive | 1870 N Stonebridge Dr, 75070 | 13,077 | 2020 |
| Playful Headquarters | 300 East Davis Street, 75069 | 55,000 | 2018 |
| 1402 S Custer Rd | 1402 S Custer Rd, 75072 | 4,900 | 2017 |
Worth noting among recent office completions on the McKinney market is 5121 Custer Rd, which is currently the largest new office development in the city, at 19,348 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 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 McKinney 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.