Office Space for Rent in Dallas, TX
Located in beautiful North Texas, Dallas is the ninth most populous city in the United States and the third biggest in Texas. Four interstate highways run through Dallas (with a fifth interstate loop wrapping around it), making it a prominent transportation hub.
Dallas has a diverse economy and houses numerous industries, including telecommunication, technology, defense, and more. Nine Fortune 500 companies call Dallas home as well, making it the perfect place for budding business owners looking to enter the city’s lucrative market.
Whether you need daily office space rentals in Dallas or large commercial office spaces in Dallas’ uptown district, there is something here for you.
Dallas Office Space – Lease Data & Trends
The Dallas-Fort Worth office space market is the fifth largest in the country, trailing only New York City, Washington, D.C., Chicago, and Los Angeles. Dallas is one of the few cities that’s fully recovered from job losses caused by the Covid 19 pandemic, with ~3.9 million people currently employed. It’s also grown substantially in recent years, with 105,155 new residents year over year, 28,756 coming in Q4 2021 alone.
Office jobs also enjoyed tremendous growth, with 64,186 new positions since 2020’s fourth quarter. Business and professional service jobs made up 63% of Dallas office jobs, totaling 1.1 million in December 2021.
What Is The Cost to Rent/Lease Office Spaces in Dallas?
Increased operating expenses, extensive development, and demand for quality spaces raised the price of Class A office spaces in Dallas, Texas to just under $36 per square foot in Q4 2021. The Uptown/Turtle Creek submarket is the most expensive, reaching $53.68 on average. The Preston Center district follows, with a $46.73 average.
Although Class A Dallas office space pricing remains relatively steep, Class B office space is more affordable at an average of $23 per square foot.
|Neighborhood||Class A||Class B||Overall|
|Far North Dallas||$39.83||$24.64||$36.37|
|Grand Prairie/South Irving||–||$18.07||$18.07|
|North Central Expressway||$37.30||$30.26||$35.07|
|US 75 Corridor||$29.06||$21.64||$25.61|
What Our Brokers Say About Commercial Office Spaces in Dallas
Dallas has a very diverse economy, housing numerous industries ranging from defense services to technology. Reports show that the DFW metroplex hosts around 43% of Texas’ high-tech workers. In fact, many people refer to Dallas as the “Silicon Prairie” due to the many tech companies residing in the area.
The city also enjoys a thriving telecommunications industry. It’s one of the nation’s hubs for telecommunications manufacturing, making it ideal for promising phone and cable companies. Nortel, Southwestern Bell, Ericsson, Alcatel, and more have large office spaces in Dallas.
Many Fortune 500 companies like Advance PCS, ExxonMobil, and Southwest Airlines also call Dallas home.
Types of Office Space in Dallas, TX
Dallas has numerous sizes of commercial office spaces available that can take any business to incredible new heights. From startup office spaces in Dallas to private office spaces for rent, Dallas has something for you.
Below are just some office space types available in Dallas.
Meeting Rooms for Rent in Dallas
North Dallas houses some of the region’s most prestigious residents and numerous high-quality meeting rooms. Many young workers reside in North Dallas as well, making it prime real estate for any aspiring business.
Executive Office Spaces for Rent in Dallas
Downtown Dallas has multiple high-quality executive office spaces that can help any business reach its full potential. It’s the largest employment center in North Texas, employing over 135,000 daytime workers. Downtown also has a flourishing tech industry, putting Dallas in the top ten cities with the largest tech job concentration in the United States.
Private Office Space for Rent in Dallas
With Dallas being a major commercial center, there is no shortage of private office space for rent in Dallas. Find private office space in neighborhoods all over Dallas — for example, Richardson, a prosperous Dallas suburb with a rich telecommunications industry. Established companies like Ericsson, Southwestern Bell, and Nortel hold offices in Richardson’s Telecom Corridor, a three-mile strip along Highway 75 that runs through the area. For office space seekers, there is ample Class A private office inventory located in Richardson.
Shared and Coworking Spaces for Rent in Dallas
Uptown is home to some of the top shared office spaces Dallas has to offer. Many affluent companies spanning multiple industries flock to Uptown for its rich talent pool and prime location. The neighborhood’s diverse economy, young talent market, and premium coworking spaces make it ideal for any up-and-coming business.
Top Commercial Rental Buildings in Dallas, TX
1999 Bryan Street — This premier office building in Dallas, TX, consists of 36 floors and over 780,000 square feet. It offers business owners flexible lease terms and a fantastic 97 walk score.
1717 Main Street — Located in the heart of Downtown, Comerica Bank Tower is perfect for any large enterprise. It contains 1,500,000 square feet of office space and is the city’s third tallest building.
222 West Las Colinas Boulevard — The Urban Towers, found in Dallas’ Los Colinas suburb, offers business owners 24-hour security, card key access to the garage, a print shop, and more. The building houses numerous large and small office spaces for lease in Dallas, making it ideal for companies of any size.
Get to Know Dallas
Dallas’ Arts District, located in northern Downtown, is the largest contiguous arts district in the nation. Residents flock to many of its prestigious venues, including the Dallas Museum of Art, Meyerson Symphony Center, and the Dallas Wind Symphony.
The city also has a flourishing sports scene, hosting seven professional teams. Citizens can catch a Stars or Mavericks game at the American Airlines Center or attend a Cowboys game at AT&T stadium. It’s an active city that takes its sports teams seriously.
Why Rent Office Space in Dallas, TX
Dallas is an ever-growing city that houses over 19 Fortune 500 companies and one of the largest tech industries in the nation. Its diverse economy provides seemingly endless opportunities for any business type and size, making it ideal for business owners looking to expand. With so many first-class office spaces for lease in Dallas and a famously business-friendly climate, there isn’t a better place for entrepreneurs to grow their enterprises.
What Are the Best Dallas Neighborhoods to Rent Office Space?
Downtown Dallas (Central Business District)
Encompassing the Arts District, West End Historic District, the Main Street District, and the Farmers Market District, Downtown Dallas is the prime downtown location for companies who want to be in the middle of the city without paying the price for an Uptown location. The CBD is the most walkable neighborhood in Dallas and has excellent public transportation options, with 33 bus lines and the Blue, Red, Orange, and Green lines all passing through the area. Downtown Dallas has more than 40 million square feet of office space, the majority of which is Class A. These spaces have average asking rents of $37 per square foot, while average asking rents across Class B spaces are close to $27 per square foot.
Located just a couple of miles north of Dallas CBD, Uptown is one of the more expensive neighborhoods driven by a low vacancy rate of 10.7% for Class A property. The district includes Oak Lawn and the affluent Turtle Creek neighborhood and features lots of mixed-use buildings have made Uptown a go-to community for young professionals. The Red, Blue, and Orange line all stop in Uptown. Office space in Uptown/Oak Lawn rents at an average of $56 per square foot in Class A buildings, and $37 per square foot in Class B buildings.
Far North Dallas
Far North Dallas is approximately designated as the area north of Lyndon B. Johnson Freeway up to President George Bush Turnpike, with Dallas North Tollway defining the west side. Many real estate agencies, food products suppliers, and insurance companies rent office space in Far North. According to a recent report by Cushman & Wakefield, Far North has the most extensive CRE inventory in all of Dallas, with over 46 million square feet and another 2.5 million under construction. The average asking rent in Far North Dallas is around $40 per square foot for Class A office space, and $25 per square foot for Class B space. The Red and Orange Lines have routes on the east side of Far North Dallas, but most choose to drive to and from work.
Las Colinas has an upscale vibe that attracts the corporate headquarters of companies like ExxonMobil and Kimberly-Clark, as well as the studios of ESPN Dallas and Fox News. The Irving neighborhood is just a few minutes east of DFW International Airport and with an abundance of luxury hotels, landmark office towers, and country clubs in the area, Las Colinas provides the perfect environment to host business guests. With more than 1.8 million square feet of construction underway, Las Colinas and Irving will continue to be an in-demand sub-market. Las Colinas is served by the Orange Line as well as the Las Colinas APT System on weekdays until 6 PM. The North Irving Transit Center provides an express bus route to Downtown.
Average asking rents for Class A space in Las Colinas are $32 per square foot, while rents for Class B space are $23 per square foot.
Locals refer to the partial loop of Interstate 635 around Dallas as LBJ Freeway. Many corporate headquarters cluster around the intersection of LBJ Freeway and Dallas North Tollway, and the area is popular for business management consultants. Proximity to the freeway is a huge benefit for drivers, and prices for Dallas office space drop to an overall average of $25 per square foot in this area.
North Central Expressway
North Central Expressway is bordered by Highland Park and University Park to the west, and Lower Greenville, Northeast Dallas, and Vickery Meadow to the east. Part of US Highway 75, North Central Expressway connects Dallas to McKinney and is considered one of the most attractive urban freeways. Many law offices rent office space along North Central Expressway. For those who don’t drive, the DART light rail system runs underneath to Mockingbird Station.
Preston Center & Preston Commons
Expanding around Preston Center Plaza, this neighborhood offers premier retail as well as significant amounts of office space. Class A properties in Preston Center are second only to Uptown, with high average asking rents of $47 per square foot. Many realtors and real estate developers rent office space in Preston Center. Located between Preston Hollow and University Park, Preston Center is easily accessible by car, DART, or bus.
Richardson is home to Telecom Corridor, a 6.5-mile strip along US 75 dotted with the headquarters of over 5000 companies including Texas Instruments, AT&T, Sprint, and Verizon. The insurance industry also makes up a significant portion of Richardson’s employment base. Plano is located a few miles north of Richardson, with many corporate campuses along Legacy Drive such as Toyota, J.C. Penny, and Frito-Lay. Companies can lease office space in Richardson and Plano for below the city average, while only being 30 minutes away from Downtown via the Orange and Red Lines.
Located near the Trinity River, Stemmons Freeway has a considerable amount of office space available at the lowest prices in Dallas. Companies in the medical sector will find themselves in proximity to St. Paul’s Hospital, Southwestern Medical Center, Parkland Memorial Hospital, and Dallas County Children’s Hospital. The DART Orange and Green Lines service the area, and the Trinity Railway Express commuter rail stops at Medical/Market Center.
Getting Around Dallas
Dallas is a driver’s city. Average households own one or two cars, and driving is the recommended and preferred mode of transportation, especially for those living in the suburbs.
Some of the major highways and interstates in Dallas include I-35 E, I-35 W, I-20, I-30, LBJ Freeway, US Route 75, Dallas North Tollway, and Stemmons Freeway. Dallas has an abundance of public parking with plenty of ride-sharing options.
Employees who live near one of Dallas Area Rapid Transit’s (DART) 61 stations can commute to work on the Red, Blue, Green, or Orange Lines. The Trinity Railway Express also connects Dallas to Fort Worth, providing a convenient commute between the two cities. DART operates local and express bus routes that serve 12,500 stops in the Dallas-Fort Worth Metroplex.
Dallas possesses a low WalkScore rating due to its spread-out nature. Downtown Dallas and Uptown are the two most walkable areas, and efforts are being made to increase the number of on-street bike lanes for safer transportation by bike. Free service on the McKinney Avenue Trolley is also available in Downtown Dallas.
The presence of Dallas-Fort Worth International Airport, the headquarters of American Airlines, makes Dallas an ideal location for companies that require a lot of business travel. Flights with Southwest and other low-fare carriers can be made through Dallas Love Field Airport, located about six miles north of Downtown.