Plano Richardson Office Lease Market Information
As of 2011 Plano Tx population was 261,000, is a prosperous place. Plano boasts of having several major name brand corporations as their headquarters. JCPenney, Pizza Hut, Frito-Lay, and Rent-A-Center all call Plano home. The Plano office market is also home to such technology giants Texas Instruments, Ericsson, McAfee, CA, Intuit and Alcatel-Lucent. These companies attract highly skilled workers and create an excellent living and corporate experience.
Contained within this market are the two world renowned Telecom Corridor and Legacy Business Park.
Plano Office Market Key Statistics
| Plano Richardson Office Submarket Information | ||||||
|---|---|---|---|---|---|---|
| Number of | Rentable | Total | Vacancy | Q1 | Average | |
| Property Type | Buildings | Square feet | Vacancy | Percent | Net Absorbtion | Rent |
| Class A Office Properties | 42 | 8,526,103 | 1,831,304 | 21.5% | 52,291 | $20.89 |
| Class B Office Properties | 582 | 21,496,290 | 3,377,566 | 15.7% | 234,912 | $18.16 |
| Class C Office Properties | 370 | 3,842,488 | 416,848 | 10.8% | 16,053 | $14.76 |
| Total for All Properties | 994 | 33,864,881 | 5,625,718 | 16.6% | 223,400 | $18.76 |
Key Properties with vacancy in this market would include:
The Atrium at Collin Ridge
500 North Central Expressway
Plano, TX 75074
143,000 square feet vacant
Lakeside Campus
2201 Lakeside Blvd.
Richardson, TX 75082
277,000 square feet vacant
1011 Galatyn Parkway
Richardson, TX 75074
280,000 square feet vacant
AT&T recently announced that they will be vacating 225,000 square foot headquarters building in Legacy Business Park.
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