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508 W Wall St
Midland, TX 79701

$12,313 - $33,707 USD/MO

Office For Lease  •  7,036+ SF

Property Details

  • Property Type Office
  • Year Built 1982
  • Total Building Size 177,952 SF
  • Tenancy Multiple
  • Building Class A
  • Zoning C1
0 Transit Score
61 Walk Score

4 Spaces Available

Name Space Use Size Rent Details
4th Floor Ste 444 Office 13,107 SF $21.00 USD/SF/YR
  • Date available: Now
  • Lease term: Negotiable
  • Service type: Full Service Gross
  • Space Type: Relet
6th Floor Ste 600 Office 19,261 SF $21.00 USD/SF/YR
  • Date available: Now
  • Lease term: Negotiable
  • Service type: Full Service Gross
  • Space Type: Relet
7th Floor Ste 700 Office 7,036 SF $21.00 USD/SF/YR
  • Date available: Now
  • Lease term: Negotiable
  • Service type: Full Service Gross
  • Space Type: Relet
10th Floor Ste 1075 Office 7,725 SF $21.00 USD/SF/YR
  • Date available: Now
  • Lease term: Negotiable
  • Service type: Full Service Gross
  • Space Type: Relet

Description

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.

Highlights

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, Luigiā€™s Italian, Double Bar Saloon, Centennial Park, and Yucca Theatre.

Amenities

  • Banking

Major Tenants

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

Public Transportation

AirportDriveWalkDistance
Midland International Air And Space Port 17 min - 10.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Brennan Berry 432-289-5455 ERP Industrials
Brennan Berry 432-289-5455 ERP Industrials