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