2023 Office Space Rent & Sales
- $30.15 2023 Avg. Asking Rent
- -1.07% Y-o-Y Avg. Asking Rent Change
- 25.73% 2023 Office Vacancy Rate
Sugar Land office price per square foot in 2023 was $30.15 on average. This marked a -1.07% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 25.73% 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
- Sugar Land Class A & A+ Office Space$32.08
- Sugar Land Class B Office Space$27.79
- Sugar Land Class C Office Space$24.91
- Texas Class A & A+ Office Space$36.17
- Texas Class B Office Space$24.95
- Texas Class C Office Space$31.07
Sugar Land, TX Office Asking Rents by Class
Average office rent in Sugar Land rested at $30.15 per square foot in 2023. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Sugar Land averaged $32.08 per square foot. Across all submarkets, class B office space recorded an average asking rent of $27.79 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $24.91 per square foot, on average. Comparably, statewide Texas average office rents by class in 2023 were: $36.17 per square foot for class A office space; $24.95 per square foot for class B office space; $31.07 per square foot for class C office space.
Office Spaces for Rent in Texas
Coworking Spaces in Texas
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2023 Office Construction in Sugar Land, TX
- Sugar Land, TX Total SF completed in 2023 159,252
- Sugar Land, TX Total SF under construction in 2024 318,484
During 2023, 159,252 square feet of new office space were delivered across the market. At the close of 2023, the Sugar Land office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 159,252 square feet of office space. Looking forward, development activity throughout 2024 is estimated to add 318,484 square feet of office space to the market, before year-end.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Woodbridge Medical Plaza 2 - Building B | 11507 S Highway 6, 77498 | 12,864 | 2022 |
| Cubework Sugar Land | 12510 West Airport Blvd, 77478 | 199,978 | 2021 |
| Cubework Sugar Land | 12510 West Airport Blvd, 77478 | 199,978 | 2021 |
| Medical Office Sublease at 7619 Branford Place | 7619 Branford Place, 77479 | 37,413 | 2019 |
| Telfair Medical Office Building | 6921 Brisbane Court, 77479 | 36,663 | 2019 |
| Office Condo - 6526 Greatwood Pkwy Ste B | 6526 Greatwood Pkwy Ste B, 77479 | 2,603 | 2018 |
| 6526 Greatwood Pkwy Ste C | 6526 Greatwood Pkwy Ste C, 77479 | 1,499 | 2018 |
| 1,225 SF Office Opportunity in Sugar Land, Texas | 12930 Dairy Ashford Rd., 77478 | 1,225 | 2018 |
| 6903 Brisbane CT | 6903 Brisbane CT, 77479 | 8,313 | 2017 |
| Sugar Land Physicians Center | 7616 Branford Pl, 77479 | 56,000 | 2014 |
Worth noting among recent office completions on the Sugar Land market is Woodbridge Medical Plaza 2 - Building B, which is currently the largest new office development in the city, at 12,864 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 Sugar Land 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.