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OFFICE MARKET

Burns Commercial Real Estate compiles an annual Office Market survey providing a detail assessment of office space availability and lease rates in the Tyler, TX Market.

2011 OFFICE MARKET SURVEY SUMMARY

Office Classification

Buildings

Total SF

Vacant SF
Occupancy
Avg Lease/SF

Class A space

12
877,387
54,724
93.7%
$18.94

Class B space

30
1,088,973
201,703
81.4%
$13.39

Class C space

10
192,101
32,106
83.2%
$11.55

Tyler CBD (Downton)

15
788,473
126,765
83.9%
$12.40

Tyler Suburban (South Tyler)

37
1,369,988
161,768
88.1%
$15.14

Total market

52
2,158,461
288,533
86.7%
$14.33

 

The average lease rates for office space increased 0.8% in 2011 and occupancy rates decreased an average 2%.

Office Market Trends

More detailed information about Class A, B, and C office space and users can be found in the Office Market Survey produced annually by Burns Commercial Real Estate.

 

 

Boone & Boone Construction


Due to a consistently strong economy and broad technology infrastructure, the Tyler MSA has consistently ranked high in the Forbes/Milken Institute’s annual national survey “Best Places to Do Business”.

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