2024 Office Space Rent & Sales
- $29.04 2024 Avg. Asking Rent
- 11.12% 2024 Office Vacancy Rate
Spring office price per square foot in 2024 was $29.04 on average. The local office market recorded an average vacancy rate of 11.12% 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
- Spring Class A & A+ Office Space$37.28
- Spring Class B Office Space$24.38
- Texas Class A & A+ Office Space$38.26
- Texas Class B Office Space$24.71
- Texas Class C Office Space$19.84
Spring, TX Office Asking Rents by Class
2024 Office Vacancy Rates in Spring
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| The Woodlands | $34.82 | 18.28% |
| Cypress West | $26.12 | 45.78% |
| Cypress East | $18.76 | 35.16% |
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 Spring, TX
- Spring, TX Total SF completed in 2024 100,859
During 2024, 100,859 square feet of new office space were delivered across the market. At the close of 2024, the Spring office inventory included 2 buildings equal to or larger than 25,000 square feet, which comprised 100,859 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Spring Medical Plaza | 21848 Holzwarth Road, 77388 | 55,354 | 2024 |
| Richards Road Business Park | 25533 Richards Road, 77386 | 39,500 | 2023 |
| CityPlace 1 | 1700 City Plaza Drive, 77389 | 149,600 | 2019 |
| CityPlace 2 | 1701 City Plaza Drive, 77389 | 327,000 | 2018 |
| French Quarter - 7107 Building | 7107 FM 2920 , 77379 | 10,500 | 2018 |
| Havenwood Office Park | 25700 Interstate 45, 77386 | 250,000 | 2016 |
| French Quarter Business Park - 7115 | 7115 FM 2920, 77379 | 6,600 | 2016 |
| CHI - Springwoods Medical Condominium | 2255 East Mossy Oaks Road, 77389 | 101,250 | 2015 |
| Rhodes Road Business Park | 21619 Rhodes Road, 77388 | 6,000 | 2015 |
| Wildwood Corporate Centre I | 460 Wildwood Forest Drive, 77380 | 128,756 | 2014 |
Worth noting among recent office completions on the Spring market is Spring Medical Plaza, which is currently the largest new office development in the city, at 55,354 square feet.
See reports for other markets
- Houston Office Rent Price
- Austin Office Rent Price
- Dallas Office Rent Price
- San Antonio Office Rent Price
- Fort Worth Office Rent Price
- Plano Office Rent Price
- Irving Office Rent Price
- Arlington Office Rent Price
- The Woodlands Office Rent Price
- Richardson Office Rent Price
- Amarillo Office Rent Price
- Sugar Land Office Rent Price
- McKinney Office Rent Price
- Frisco Office Rent Price
- Southlake Office Rent Price
- Lewisville Office Rent Price
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 Spring 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.