Rockwall Commercial Real Estate Market
Rockwall is a small, office submarket on the eastern edge of the Dallas-Fort Worth metroplex. Unlike most other small, outlying submarkets in D-FW, Rockwall delivered a large multi-tenant office building this cycle.
The 110,000-SF Trend Tower completed in 2014 and usually stays around 95% leased. However, most new supply consists of smaller assets used by local businesses. Vacancies are lower than the metro average, and with no speculative supply in the immediate pipeline, they should remain low over at least the next few quarters.
Asking rents in Rockwall are roughly in line with the metro average. Rents are about 20% above their prerecession peak, but rent growth has slowed in recent quarters.
Though traffic has gotten much worse over the past few years, commute times from Rockwall to the Dallas CBD are typically better than those from northern suburbs like Allen or Frisco. Furthermore, homes are more affordable in Rockwall than in the northern suburbs.
While demographic growth in Rockwall has yet to lead to significant office construction, as the area’s population continues to swell, growth in the office sector could follow.
Property types are as follows:
Office 190 Buildings/1.7 MSF
Warehouse 162 Buildings/4.9 MSF
Medical 19 Buildings/455 KSF
If you would like building specific information fill in our Free Rockwall Commercial Space Report and submit it to us. We will respond quickly with valuable building information that you can use to locate your commercial space.
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