2024 Office Space Rent & Sales
- $23.33 2024 Avg. Asking Rent
- 10.51% 2024 Office Vacancy Rate
Midland office price per square foot in 2024 was $23.33 on average. The local office market recorded an average vacancy rate of 10.51% 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
2024 Average Office Rent per Square Foot
- Midland Class A & A+ Office Space$24.56
- Midland Class B Office Space$22.12
- Texas Class A & A+ Office Space$38.26
- Texas Class B Office Space$24.71
- Texas Class C Office Space$19.84
Midland, TX Office Asking Rents by Class
2024 Office Vacancy Rates in Midland
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Midland Airpark | $26.49 | 15.36% |
| Outlying Midland County | $26.00 | 14.06% |
| Midland CBD | $21.21 | 9.41% |
| Greater Midland | $20.14 | 3.87% |
Coworking Spaces in Texas
- Houston Coworking Space
- Dallas Coworking Space
- Denver Coworking Space
- Austin Coworking Space
- Nashville Coworking Space
- San Antonio Coworking Space
- Phoenix Coworking Space
- Salt Lake City Coworking Space
- Plano Coworking Space
- Scottsdale Coworking Space
- Fort Worth Coworking Space
- Kansas City Coworking Space
- New Orleans Coworking Space
- St. Louis Coworking Space
- Colorado Springs Coworking Space
- Tulsa Coworking Space
- Boulder Coworking Space
- Memphis Coworking Space
- Omaha Coworking Space
- Tucson Coworking Space
- Chattanooga Coworking Space
2024 Office Construction in Midland, TX
| Office building | Address | SF | Completed |
|---|---|---|---|
| 1011 W Texas Ave | 1011 W Texas Ave, 79701 | 5,000 | 2024 |
| 1011 W Texas Ave | 1011 W Texas Ave, 79701 | 5,000 | 2024 |
| 5125 Sunmore Circle | 5125 Sunmore Circle, 79707 | 6,600 | 2020 |
| Midland Pediatric Associates (MPA) | 4214 Mamies Circle, 79705 | 12,088 | 2014 |
| 516 Veterans Airpark Lane, Bldg B | 516 Veterans Airpark Lane, Bldg B, 79705 | 16,016 | 1995 |
| 4000 North Big Spring Street | 4000 North Big Spring Street, 79705 | 96,711 | 1983 |
| APEX Building | 15 Smith Road, 79705 | 261,440 | 1982 |
| 3510 North A Street | 3510 North A Street, 79705 | 82,328 | 1982 |
| 2402 W Wall St | 2402 W Wall St, 79701 | 10,687 | 1982 |
| Paragon Building | 600 N Marienfeld Street, 79701 | 205,426 | 1981 |
Worth noting among recent office completions on the Midland market is 1011 W Texas Ave, which is currently the largest new office development in the city, at 5,000 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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Midland 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.