432-289-5455
508 W Wall St, Midland, TX for Rent

$21.00 USD /SF/yr

Office - For Rent
1/24
7,036-19,261 SF | 4 Spaces

508 W Wall St
Midland, TX 79701
Downtown Midland


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, Luigi’s Italian, Double Bar Saloon, Centennial Park, and Yucca Theatre.

OVERVIEW

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.

RENTAL DETAILS

SPACE AVAILABLE

7,036-19,261 SF

# OF SPACES

4

RENT RATE (MO)

$1.75 USD /SF/mo

RENT RATE (YR)

$21.00 USD /SF/yr

LEASE TYPE

Full Service Gross

LEASE LENGTH

Negotiable

AVAILABLE

Now

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

177,952 SF

BUILDING CLASS

A

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

C1

ASK ABOUT THIS PROPERTY

Brennan BerryERP IndustrialsMore Info
432-289-5455

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Brennan BerryERP IndustrialsMore Info
432-289-5455

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.