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OFFICE MARKET

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

2009 OFFICE MARKET SURVEY SUMMARY

Office Classification

Buildings

Total SF

Vacant SF
Occupancy
Avg Lease/SF

Class A space

11
850,340
64,130
92.5%
$17.41

Class B space

31
1,088,415
212,911
80.4%
$12.73

Class C space

10
232,140
16,498
92.9%
$11.25

Tyler CBD (Downton)

17
867,954
133,751
84.6%
$11.79

Tyler Suburban (South Tyler)

35
1,302,941
159,788
87.8%
$14.23

Total market

52
2,170,895
293,539
86.5%
$13.44

 

The average lease rates for office space increased 6.0% in 2009 while occupancy rates dropped 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


The Adopt A Highway program originated in Tyler, TX. In 1985, the Tyler Civitan adopted the very first two-mile stretch of U.S. Highway 69 - the rest, is history!

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