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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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