The Market · Grapevine, TX

Grapevine commercial
real estate, by the
building and the number.

A working reference for the Grapevine, Texas CRE market — current office rents and vacancy, the city's largest single assets, recent notable trades, and the submarket structure across Keller, Grapevine, and Southlake. Every figure is sourced.

$21.79
Avg office asking rent / sf
CommercialCafe, 2024
18.75%
Office vacancy rate
CommercialCafe, 2024
108
Active CRE listings
PropertyShark
~24M
Annual visitors
Grapevine CVB
Largest Buildings

The assets that define the skyline.

Grapevine's CRE inventory is anchored by hospitality, retail, and the southern footprint of DFW Airport. The six properties below set the benchmark for scale, traffic, and capital weight in the trade area.

  1. 01

    Gaylord Texan Resort & Convention Center

    1,814 rooms · 4.5-acre glass atrium · ~490,000 sf of meeting space

    The largest single CRE asset in Grapevine and the second-largest non-gaming hotel in Texas. Owned by Ryman Hospitality Properties (NYSE: RHP); a $120M expansion completed in 2018 added the 86,000 sf Cypress Ballroom and 303 additional rooms. Built on a 75-acre site overlooking Lake Grapevine.

    Source: Ryman Hospitality SEC 8-K · gaylordhotels.com
  2. 02

    Grapevine Mills

    1.6M sf super-regional outlet & value retail · 180+ stores

    Opened 1997 by Mills Corporation; acquired by Simon Property Group in 2007. Anchor tenants include Bass Pro Shops Outdoor World, Burlington, Marshalls, AMC 30, LEGOLAND Discovery Center, and SEA LIFE Aquarium. One of the top-trafficked malls in Texas with ~17M annual visits.

    Source: Simon Property Group
  3. 03

    Great Wolf Lodge Grapevine

    605 suites · 80,000 sf indoor waterpark

    Opened 2007 as the chain's first Texas location on a 31-acre site near Grapevine Mills. The waterpark is kept at 84°F year-round. Operated by Great Wolf Resorts (owned by Blackstone).

    Source: Great Wolf Resorts
  4. 04

    Embassy Suites by Hilton Grapevine DFW Airport North

    329 all-suite rooms · 38,000 sf of meeting space

    One of the largest Embassy Suites in the Hilton portfolio. Sits on SH 114 just west of the DFW Airport north entrance, capturing both convention overflow from the Gaylord and direct airport business travel.

    Source: Hilton
  5. 05

    DFW International Airport — Terminal A (south)

    5th-busiest airport in the world · ~88M passengers (2024)

    The southern portion of DFW Airport's footprint, including parts of Terminal A and significant cargo/ground-support real estate, sits inside Grapevine city limits — making the airport itself the city's largest single landowner and CRE driver. DFW spans 17,207 acres total (larger than Manhattan).

    Source: DFW International Airport
  6. 06

    Glade Parks

    ~700,000 sf mixed-use power center along SH 121

    Developed by Trademark Property Company on ~83 acres. Tenants include Costco, At Home, Nordstrom Rack, REI, Total Wine & More, Burlington, and a 14-screen AMC. Sits at the SH 121 / Glade Road interchange — the eastern gateway to Grapevine's retail core.

    Source: Trademark Property
Recent Trades

Notable transactions.

Grapevine Centre — 85,421 sf retail
Vision Commercial Real Estate
Multi-tenant shopping center sold December 2024Shopping Center Business
Office building near DFW Airport — 25,062 sf
Partners Real Estate
Class B office building sold June 2025REBusinessOnline
Office building — 25,133 sf
Colliers
Suburban office trade closed August 2021REBusinessOnline
Submarkets

Three distinct trade areas.

Grapevine

Tourism + airport + retail. Anchored by Grapevine Mills, Gaylord Texan, Historic Main Street, and the DFW Airport border. Strongest retail and hospitality demand of the three submarkets.

~24M annual visitors
Keller

Affluent residential community of ~47,000 northwest of Grapevine. Retail demand driven by household income (median $130k+) and steady population growth along US-377 and Keller Parkway.

Median HH income ~$130k
Southlake

Highest-income submarket in the trade area. Town Square — a 130-acre mixed-use lifestyle center — sets the retail benchmark. Office demand concentrated along SH 114 and Kirkwood Boulevard.

Median HH income ~$240k
Landmarks

The places people drive to.

Grapevine Mills, Grapevine Texas trade area landmark
Grapevine Mills
1.6M sf super-regional retail · Simon Property Group
Historic Main Street, Grapevine Texas trade area landmark
Historic Main Street
40+ block walkable heritage & wine district
DFW International Airport, Grapevine Texas trade area landmark
DFW International Airport
17,207 acres · world's 5th-busiest airport
Gaylord Texan Resort, Grapevine Texas trade area landmark
Gaylord Texan Resort
1,814 rooms · Ryman Hospitality (NYSE: RHP)
Lake Grapevine, Grapevine Texas trade area landmark
Lake Grapevine
8,000-acre USACE reservoir · 60 mi of shoreline
Glade Parks, Grapevine Texas trade area landmark
Glade Parks
~700,000 sf mixed-use · Trademark Property
Grapevine Convention Center, Grapevine Texas trade area landmark
Grapevine Convention Center
City-owned · 36,000 sf event space
Cotton Belt Railroad District, Grapevine Texas trade area landmark
Cotton Belt Railroad District
Vintage rail corridor + TEXRail commuter line
SH 114 Corridor, Grapevine Texas trade area landmark
SH 114 Corridor
Primary east–west office spine · DFW to Southlake
SH 121 Corridor, Grapevine Texas trade area landmark
SH 121 Corridor
Retail power-center spine · Glade Parks to Plano

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