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Commercial Real Estate in Irving, TX - 449 Properties Available

Irving, TX - Commercial Properties

  • Gables Water Street Retail - Irving
    5270 North O'connor Boulevard, Las Colinas, Irving, TX 75039
    For Lease NNN
    Property
    • Mixed Use
    Availability
    • 11 Spaces
    • 36,927 Sqft
  • Cypress Waters - CoreLogic Headquarters - Irving
    3001 Hackberry Road, Valley Ranch, Irving, TX 75063
    For Lease Contact for pricing
    Property
    • Office
    Availability Contact for availability
  • 9001 Cypress Waters Blvd - Irving
    9001 Cypress Waters Blvd, Coppell, Irving, TX 75063
    For Lease $17.5/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 81,048 Sqft
  • Coppell Commerce Center I & II - Coppell
    1221 South Belt Line Road, Coppell, TX 75019
    For Lease $14.75/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 10,000 Sqft
  • 500 East John W. Carpenter Fwy - Irving
    500 East John W. Carpenter Fwy, Las Colinas, Irving, TX 75062
    For Lease $24.5/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 32,121 Sqft
  • MacArthur Center II - Irving
    5605 North Macarthur Blvd, Cottonwood Valley, Irving, TX 75038
    For Lease $24/Sqft/Year
    Property
    • Office
    Availability
    • 11 Spaces
    • 58,299 Sqft
  • Coppell Business Center II - Coppell
    1405 South Belt Line Road, Coppell, TX 75019
    For Lease $8.85/Sqft/Year
    Property
    • Industrial
    Availability
    • 1 Space
    • 32,760 Sqft
  • The Towers at Williams Square - East Tower - Irving
    5221 North O'connor Blvd, Las Colinas, Irving, TX 75039
    For Lease $27/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 15,104 Sqft
  • Las Colinas Commons - Irving
    1525 West Walnut Hill Lane, Cottonwood Valley, Irving, TX 75038
    For Lease $18/Sqft/Year
    Property
    • Office
    Availability
    • 6 Spaces
    • 43,602 Sqft
  • The Meridian - Irving
    1425 Greenway Drive, Cottonwood Valley, Irving, TX 75038
    For Lease $21/Sqft/Year
    Property
    • Office
    Availability
    • 6 Spaces
    • 47,770 Sqft
  • 600 Las Colinas - Irving
    600 East Las Colinas Blvd, Las Colinas, Irving, TX 75039
    For Lease $26/Sqft/Year
    Property
    • Office
    Availability
    • 7 Spaces
    • 48,083 Sqft
  • Corporate Park Place - Irving
    1333 Corporate Drive, Cottonwood Valley, Irving, TX 75038
    For Lease $18.5 - $19.5/Sqft/Year
    Property
    • Office
    Availability
    • 11 Spaces
    • 26,260 Sqft
  • Connection Park II - Irving
    4795 Regent Blvd, International Airport, Irving, TX 75063
    For Lease $18.6/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 22,529 Sqft
  • Tower 909 - Irving
    909 Lake Carolyn Pkwy, Las Colinas, Irving, TX 75039
    For Lease $27 - $33.5/Sqft/Year
    Property
    • Office
    Availability
    • 11 Spaces
    • 55,748 Sqft
  • The Embassy - Irving
    1431 Greenway Drive, Cottonwood Valley, Irving, TX 75038
    For Lease $23/Sqft/Year
    Property
    • Office
    Availability
    • 11 Spaces
    • 36,601 Sqft
  • 125 East John W. Carpenter Fwy - Irving
    125 East John W. Carpenter Fwy, Las Colinas, Irving, TX 75062
    For Lease $30/Sqft/Year
    Property
    • Office
    Availability
    • 8 Spaces
    • 65,898 Sqft
  • 8505 Freeport Pkwy - Irving
    8505 Freeport Pkwy, International Airport, Irving, TX 75063
    For Lease $23/Sqft/Year
    Property
    • Office
    Availability
    • 6 Spaces
    • 34,960 Sqft
  • Dallas Communications Complex - Buildings II & III - Irving
    400 East Royal Lane, Las Colinas, Irving, TX 75039
    For Lease $18/Sqft/Year
    Property
    • Office
    Availability
    • 16 Spaces
    • 71,500 Sqft
  • 750 Canyon Drive - Coppell
    750 Canyon Drive, Coppell, TX 75019
    For Lease $25.25/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 12,818 Sqft
  • 511 East John W. Carpenter Fwy - Irving
    511 East John W. Carpenter Fwy, Las Colinas, Irving, TX 75062
    For Lease $25.75/Sqft/Year
    Property
    • Office
    Availability
    • 8 Spaces
    • 39,434 Sqft
  • The Urban Towers - Irving
    222 West Las Colinas Blvd, Las Colinas, Irving, TX 75039
    For Lease $19 - $34.5/Sqft/Year
    Property
    • Office
    Availability
    • 34 Spaces
    • 304,643 Sqft
  • Crestview Tower - Irving
    105 Decker Court, Las Colinas, Irving, TX 75062
    For Lease $18 - $26.5/Sqft/Year
    Property
    • Office
    Availability
    • 12 Spaces
    • 80,986 Sqft
  • Hills at Decker Court - Irving
    100 Decker Court, Las Colinas, Irving, TX 75062
    For Lease $18.25/Sqft/Year
    Property
    • Office
    Availability
    • 10 Spaces
    • 23,009 Sqft
  • Riverside Commons - Irving
    5000 Riverside Drive, Las Colinas, Irving, TX 75039
    For Lease $11.5 - $17.5/Sqft/Year
    Property
    • Office
    Availability
    • 7 Spaces
    • 125,267 Sqft
  • DFW East - Irving
    4425 West Airport Fwy, Espanita - Timberlake, Irving, TX 75062
    For Lease $18.5/Sqft/Year
    Property
    • Office
    Availability
    • 49 Spaces
    • 31,403 Sqft

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Irving, TX Economic Overview

Location Photo

Irving is a bubbling youthful city of just over 200,000 people, which is conveniently located at the heart of the Dallas-Fort Worth (DFW) metroplex. Irving grew alongside a railroad originally built to link the two cities. Founded by Otis Brown and J.O. Schultz in 1903, the city was incorporated in 1914, with Mr. Brown serving as its first mayor.

As a city, Irving had a slow start, tethered on agriculture and cotton trade. It was until the 1930s when manufacturing companies started setting up shop in the area that it really thrived. Irving is now a proud host of several Fortune 500 companies and a destination of choice for 3 million visitors every year. Anyone looking for a great place to live or work will find a great home in Irving.

Irving’s economic environment is always welcoming to new ideas. Just recently, it was named by American Express as the third city with the most startups per capita. It has global access, a flourishing business community, and a topnotch entertainment industry.

Its economy is diverse, with hospitality, financial services, high-tech, manufacturing and health care as its core industries. It is home to approximately 50 Fortune 500 companies, 5 of which have their headquarters there: ExonnMobil, Celanese, Fluor, Commercial Metals and Kimberly-Clark. About 65 foreign companies have a presence in Irving making the city the third-leading in Texas as far as foreign business investment is concerned.

There is no income tax in Irving and the sales rate tax is 8.25%.

Irving, TX Commercial Real Estate Market

Backed by a strong economy and a promising job market, the Irving commercial real estate scene is firing on all cylinders. Rising construction costs may drive rental rates for new spaces even higher. Irving office vacancy rates rose to 12.4% in the first quarter of 2017, from the 12.2% of the last quarter of 2016. This increase was attributed to more office space going online. In fact, the net absorption in 2017 was close to 3 times the net absorption in the previous quarter.

Las Colinas commercial real estate saw 920,000 square feet of office space absorbed in the first quarter of 2017. The average gross asking rents in the DFW area office market rose to $24.88 at the start of the year.

High demand for commercial spaces in the Dallas-Fort Worth Mid Cities area cuts across the board, as the absorption rates in industrial spaces observed in 2015 and 2016 were unprecedented. The overall vacancy rate in the area is the lowest in the decade and stood at 6.6% in the last quarter of 2016.

Irving, TX Office Sales Volume

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Irving, TX Office Transactions

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Irving, TX Commercial Inventory Breakdown

Office Spaces

Total: 41,216,839 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 4,705,072 SF / 11.42% of total office
  • 100k to 500k SF: 29,745,354 SF / 72.17% of total office
  • 500k to 1M SF: 3,066,413 SF / 7.44% of total office
  • > 1M SF: 3,700,000 SF / 8.98% of total office

By class:

  • Class A: 16,835,849 SF / 40.85% of total office
  • Class B: 20,337,796 SF / 49.34% of total office
  • Class C: 1,043,194 SF / 2.53% of total office

Industrial

Total: 54,289,519 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 1,130,398 SF / 2.08% of total industrial
  • 100k to 500k SF: 35,166,028 SF / 64.77% of total industrial
  • 500k to 1M SF: 9,839,838 SF / 18.12% of total industrial
  • > 1M SF: 8,153,255 SF / 15.02% of total industrial

By class:

  • Class A: 38,190,009 SF / 70.35% of total industrial
  • Class B: 12,094,005 SF / 22.28% of total industrial
  • Class C: 545,665 SF / 1.01% of total industrial

Employment in Irving, TX

Employment

Irving is the third largest employment hub in North Central Texas, after Dallas and Fort Worth, and has one of the lowest unemployment rates in the state of Texas. In April 2017, the unemployment rate was only 3.7%, compared to the average of 4.5% in the state of Texas.

At the end of 2016, the income per capita and the median household income were $26,959 and $50,942, respectively. In that period the job growth was 3.09% and was predicted to be 42.59% after 10 years.

According to the Irving-Las Colinas Chamber of Commerce’s 2016 Annual report, there were 218,000 jobs in Irving. It further stated that 4,232 jobs were created and 3,805 jobs retained.

According to the City of Irving CAFR (Comprehensive Annual Financial Report) released in September 2016, the principal employers in Irving were:

  • Citigroup, Inc, with 6,500 employees;
  • Irving Mall, with 2,100 employees;
  • Allstate Insurance, with 2,000 workers;
  • YRC Freight, with 1,941 workers;
  • Baylor Scott-White Med Center, with 1,907 employees;
  • Pioneer Natural Resources Co., with 1,750 employees;
  • Microsoft Corp., with 1,500 employees;
  • Neiman Marcus Direct, with 1,500 employees;
  • Quest Diagnostics, with 1,500 employees and;
  • Nokia America, with 1,500 employees.

Education in Irving, TX

In Irving, schools spend about $10,162 per student, which is lower than the national average of $12,383. The pupil to teacher ratio (1 to 15) is also better than the national average (1 to 16.2). Irving Independent School Districts serve the majority of Irving children. Notable private schools are Cistercian Preparatory School and The Highlands School.

The biggest institution of higher learning in Irving is the University of Dallas. Others are DeVry University and North Lake College.

Commuting Time in Irving, TX

The DFW area is one of the most populated metropolitan areas in the country, with 7.1 million residents, as of 2015. That partly explains why it is also home to some of the worst commute times. Luckily, traffic in Irving isn’t as bad as the rest of the metroplex. The worst traffic is experienced in areas closer to Interstate 30 HOV, which links Fort Worth and Dallas. In general, the commute time in Irving averages at 22.7 minutes.

Irving Demographics

Population

  • Total Population228,776
  • Male Population(49.4 %) 113,074
  • Female Population(50.6 %) 115,702
  • Median Age31.90

Income/Financial

  • Average Household Income$71,922
  • Median Household Income$52,154
  • Median Income Under 25$33,151
  • Median Income 25-44$54,793
  • Median Income 45-64$58,542
  • Median Income Over 65$41,241

Residential Rents in Irving, TX

Low unemployment rates in Irving, coupled with a positive net migration into the city continues to underpin a strong local rental market. Statistics from Rent Jungle shows a nearly steady increase in rental rates over the last 6 years. As of May 2017, the average rental rate in Irving was $1,160/month. The asking rents for one-bedroom and two-bedroom apartments were $984/month and $1,322/month, respectively.

Rent Café identified Las Colinas as the most expensive Irving neighborhood to live in. Other expensive neighborhoods are International Airport, Cottonwood Valley, Arts District and Espanita-Timberlake.

News

  The past few decades have seen commercial real estate become the fourth asset class, joining stocks, bonds, and cash on the radar of institutional investors. A 2015 NAIOP analysis set out to backtrack the path of CRE from alternative investment status to trustworthy portfolio asset, while...

Amazon’s search for a new home has stirred up city officials and developers across the country, and 238 applicants across North America have expressed interest in housing the company’s next headquarters. Of course, the retail giant has a few requirements: the chosen metropolitan area...

  It’s been quite a fruitful year so far for industrial real estate in the U.S. According to the National Real Estate Investor, total industrial sales are expected to exceed 2016 levels this year, marking the second-best volume in 10 years. Large portfolio deals are also making a come...

CommercialCafé is your first and only stop when it comes to commercial real estate leasings in Irving, TX. Search through our extensive selection of commercial properties for lease with current space availability in the area ranging between 10000 square feet and 304643 square feet. Discover the right property from our 449 listings by using our advanced search function, which includes search by property type, space availability, management company, lease rates, and more.