Concord Crossing$12.74 – $15.51/SF/yr NNN
Flex Spaces — Market Data & Listings
Flex Spaces across 13 markets: 55 tracked properties, average asking rent $15.28/SF/yr and 18.3% vacancy. Browse listings for lease and for sale.
13Markets covered
55Properties tracked
$15.28/SFAvg asking rent
18.3%Avg vacancy
957,800 SFAvailable
Flex Spaces by market
| Market | Buildings | Inventory SF | Vacancy | Avg rent | Rent YoY | Cap rate |
|---|---|---|---|---|---|---|
| Austin | 7 | 1,040,900 | 7.9% | $13.38 | 1.0% | 6.42% |
| Houston | 9 | 937,800 | 28.3% | $15.70 | -1.1% | 8.01% |
| Dallas-Fort Worth | 8 | 754,700 | 30.3% | $14.99 | 7.1% | 6.58% |
| Richmond | 6 | 725,400 | 5.0% | $16.67 | 3.2% | 7.57% |
| Northern New Jersey | 8 | 686,900 | 10.1% | $15.27 | 5.3% | 5.76% |
| Washington DC | 4 | 464,500 | 15.5% | $13.54 | 2.4% | 5.44% |
| El Paso | 3 | 417,300 | 6.7% | $15.01 | 5.5% | 7.19% |
| San Antonio | 3 | 337,700 | 17.0% | $14.64 | 2.7% | 7.23% |
| Laredo | 2 | 236,600 | 34.2% | $16.83 | 0.0% | 5.83% |
| Amarillo | 1 | 178,000 | 8.2% | $16.68 | 2.2% | 7.30% |
| Lubbock | 1 | 160,700 | 0.0% | $14.80 | 5.1% | 6.16% |
| Waco-Temple | 2 | 53,400 | 40.3% | $15.96 | 3.8% | 6.07% |
| Tyler-Longview | 1 | 13,900 | 16.5% | $15.14 | 4.2% | 5.66% |
Featured flex listings
652 River Dr$15.75 – $19.17/SF/yr NNN
2210 Bremo Rd$15.85 – $19.29/SF/yr NNN
2699 Dallas Pkwy$15.60 – $18.99/SF/yr NNN
97 W Broad St$17.10 – $20.82/SF/yr NNN
Frontier Building$17.77 – $21.63/SF/yr NNN
3587 Brazos St$15.35 – $18.68/SF/yr NNN
Cornerstone Commons$11.40 – $13.88/SF/yr NNN
Brazos Pavilion$16.80 – $20.45/SF/yr NNN
2951 Guadalupe St$12.54 – $15.27/SF/yr NNN
Cornerstone Commons$14.28 – $17.39/SF/yr NNN
2484 University Ave$15.55 – $18.93/SF/yr NNN
55 flex properties are tracked in the markets RealStarGlobal covers, representing 6,007,800 SF of rentable building area, of which 957,800 SF is currently marketed as available.
Asking rents average $16.78 per square foot per year, the median marketed suite is 14,600 SF, and listings have been on market a median of 411 days.
The stock splits 21 Class A, 24 Class B, 10 Class C, with construction dates from 1910 to 2023 (median 1963).
The most concentrated submarkets are Meadowlands (3), Port of Houston (3), Katy Freeway (3), Alexandria (2), Port Newark / Elizabeth (2).
Flex space for lease by city
Austin, TXHouston, TXSan Antonio, TXDallas, TXRichmond, VAWashington, DCFort Worth, TXEl Paso, TXNewark, NJDel Valle, TXFrisco, TXElizabeth, NJChester, VAPasadena, TXKaty, TXAlexandria, VALubbock, TXLaredo, TXSecaucus, NJPlano, TXAmarillo, TXWaco, TXRichardson, TXSilver Spring, MDTyler, TXJersey City, NJTemple, TX
Flex property for sale by city
San Antonio, TXDallas, TXRichmond, VAWashington, DCDel Valle, TXPasadena, TXKaty, TXLaredo, TXSecaucus, NJWaco, TX
Other property types
Office SpacesIndustrial PropertiesRetail SpacesMultifamily PropertiesMedical Office SpacesHospitality PropertiesLand
Frequently asked questions
What is the average asking rent for flex space?
Across the 13 markets RealStarGlobal tracks, flex asking rents average $15.28 per square foot per year, ranging from $13.38 to $16.83.
Which market has the most flex inventory?
Austin with 1,040,900 SF across 7 buildings.
What is the flex vacancy rate?
The tracked flex vacancy rate averages 18.3%. Lowest: Lubbock at 0.0%.
What cap rates do flex assets trade at?
Average asking cap rate is 6.56% at $399 per square foot.