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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.
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Office Classification |
Buildings |
Total SF |
Vacant SF |
Occupancy |
Avg Lease/SF |
Class A space |
12 |
877,387 |
78,890 |
91.0% |
$18.98 |
Class B space |
33 |
1,143,975 |
219,400 |
80.8% |
$13.65 |
Class C space |
9 |
174,954 |
14,818 |
91.5% |
$11.61 |
Tyler CBD (Downton) |
14 |
772,123 |
154,309 |
80.0% |
$12.79 |
Tyler Suburban (South Tyler) |
40 |
1,424,193 |
158,799 |
88.8% |
$15.13 |
Total market |
54 |
2,196,316 |
313,108 |
85.7% |
$14.51 |
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The average lease rates for office space increased 1.3% in 2012 and occupancy rates decreased an average 1%.
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.
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