Office For Lease • 7,036+ SF
Name | Space Use | Size | Rent | Details |
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4th Floor Ste 444 | Office | 13,107 SF | $21.00 USD/SF/YR | |
6th Floor Ste 600 | Office | 19,261 SF | $21.00 USD/SF/YR | |
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7th Floor Ste 700 | Office | 7,036 SF | $21.00 USD/SF/YR | |
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10th Floor Ste 1075 | Office | 7,725 SF | $21.00 USD/SF/YR | |
Set up operations in a high-identity workplace as Midland continues to rise and become the predominant city in the Permian Basin. Frost Bank Tower, located at 508 Wall Street in Downtown Midland, offers tenants the opportunity to make a bold statement in the market by leasing one of its premium spaces. The building derives its name from Frost Banks's large footprint in the building and the convenient branch in the lobby. Its spaces have all been kept in excellent condition and sport modern finishes. Access is simple via ample surface parking, a parking garage, and a central location in downtown. The Midland office market is largely driven by white-collar work supporting the oil and gas industry. By the start of summer 2024, the local vacancy rate was 610 basis points below the national average and compressed 230 basis points over the previous year, underpinning the demand for office space. Some notable tenants with operations in Midland include Chevron, ConocoPhillips, Oxy, N3P Investments, Ovintiv, and more. Frost Bank Tower holds one of the most desirable positions for office space in the market as it sits across from The Petroleum Club, and workers can walk to dozens of amenities. As one of the most recognizable and well-appointed buildings in Midland, Frost Bank Tower is the premier place to establish an office presence in the market.
Frost Bank Tower, 508 Wall Street, is an iconic Midland office offering single-tenant and multi-tenant floors. |
Featuring an on-site parking garage, surface parking, a lobby bank, move-in-ready suites, panoramic views, and amenity-rich surroundings. |
The area has seen population growth as employment opportunities rise; the number of households within a 5-mile radius grew by 31% from 2010 to 2023. |
Within a 10-minute walk of Tall City Bistro, Sip Haus, Cancun Grill, Luigiās Italian, Double Bar Saloon, Centennial Park, and Yucca Theatre. |
Tenant | SF Occupied | Lease End Date |
---|---|---|
Collins & Wallace | 11,000 SF | |
Dawson Geophysical Company | 24,029 SF | |
Double Eagle Development | 3,829 SF | |
Frost National Bank | 27,708 SF | |
Laredo Petroleum Inc | 26,422 SF | |
Natural Gas Services Group, Inc. | 13,135 SF | |
Stronghold Energy II | 7,725 SF | |
Unitex Oil & Gas LLC | 8,465 SF | |
Wells Fargo Advisors | 3,874 SF |
Airport | Drive | Walk | Distance |
---|---|---|---|
Midland International Air And Space Port | 17 min | - | 10.5 mi |
Parking Available: | Yes |
Reserved: | No |
Type: | Surface |
Included in Rent: | Yes |