Please provide a location to search for

Commercial Real Estate in Plano, TX - 302 Properties Available

Plano, TX Economic Overview

Location Photo

Located twenty miles northeast of Dallas, Plano is a business’ dream city. Excellently connected to the Dallas - Fort Worth metropolitan area—the fourth-most populous area in the United States—Plano is home to numerous corporations, residential areas, and businesses. With continuing development slated for the city, its proximity to Dallas, and its established business networks currently extant in the city, Plano’s commercial real estate market is a great fit for almost every type of business.

Plano’s economy is driven by corporations and tourists. In the first case, Plano is home to some of the country’s largest corporations, most notably Perot Systems (the owners of Dell), FedEx Office, Frito-Lay, JC Penney, Pizza Hut, Rent-A-Center, and Siemens, amongst others. On top of this, Plano is a center of travel for business people coming to Dallas for major conferences, which also contributes to the economy. With such significant tourism and corporate presence, Plano has continued to create a welcoming atmosphere for businesses, both large and small.

Plano, TX Commercial Real Estate Market

Due to the large number of corporations already operating in the area, as well as new ones moving in each year, Plano’s commercial real estate market is thriving and growing. Toyota announced in 2014 that they are moving their headquarters from Los Angeles to Plano and, by mid-2017, the first employees had started working at the new North-American Toyota headquarters. Plano officials have continued to provide a welcoming and beneficial economic atmosphere for business, through the Plano Economic Development (PED) initiative.

Plano’s office market is expansive and expanding, with both private and public developers putting up more office buildings to accommodate businesses moving into the area and expanding resident corporations. Office rents in the Far North Dallas and Route 75 corridor submarkets have been steadily increasing over the past few years, closing out 2017’s second quarter at a roughly $25 per square foot average.

Plano is also home to a thriving industrial market, comprised of developed spaces that corporations or major businesses can call home. Local initiatives and development has kept prices low, compared to national averages, and, due to its proximity to the so-called “Telecom Corridor," Plano’s office and industrial markets are continually growing, as businesses tap into local technological advances.

Plano, TX Office Sales Volume

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

Plano, TX Office Transactions

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

Plano, TX Commercial Inventory Breakdown

Office Spaces

Total: 43,008,726 SF

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

By square footage range:

  • 50k to 100k SF: 3,313,173 SF / 7.7% of total office
  • 100k to 500k SF: 26,388,156 SF / 61.36% of total office
  • 500k to 1M SF: 2,990,811 SF / 6.95% of total office
  • > 1M SF: 10,316,586 SF / 23.99% of total office

By class:

  • Class A+: 425,190 SF / 0.99% of total office
  • Class A: 29,164,482 SF / 67.81% of total office
  • Class B: 9,642,153 SF / 22.42% of total office
  • Class C: 464,831 SF / 1.08% of total office

Industrial

Total: 9,636,232 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 194,601 SF / 2.02% of total industrial
  • 100k to 500k SF: 8,270,726 SF / 85.83% of total industrial
  • 500k to 1M SF: 1,170,905 SF / 12.15% of total industrial

By class:

  • Class A: 2,399,888 SF / 24.9% of total industrial
  • Class B: 6,551,888 SF / 67.99% of total industrial
  • Class C: 534,916 SF / 5.55% of total industrial

Employment in Plano, TX

Employment

According to Plano’s website, the area’s largest employers are corporations. The two largest are involved in finance. Capital One’s regional headquarters located in the city employ 5,500, while the second largest, Bank of America Home Loans, employs 3,400.

Information technology, telecommunication, and software development corporations also employ thousands in the area. DXC Technology—formerly Hewlett Packard—employs 3,250. Ericsson telecommunication equipment employs only fifty fewer employees, with 3,200. NTT DATA—formerly Dell and now owned by Perot Systems—employs 2,250, making it the eigth-largest employer in the area.

Toyota is also a major Plano employer, with 2,900 employees. Finally, Frito-Lay and J.C. Penney Company employ 2,500 and 2,420, respectively.

Education in Plano, TX

Plano is served by the Plano Independent School District, which operates a unique organizational principle with grades 9 and 10 attending a high school and grades 11 and 12 attending a senior high. With this in mind, there are three senior high schools, with the remainder of the 70 schools being high schools, middle schools, and elementary schools. 16 private schools are also operated in the area. All of these schools have proven to be particularly efficient in graduating college-ready students.

Plano has a couple of institutions of higher learning. Two campuses of Collin College, a local community college, are located in Plano. Southern Methodist University, or SMU, operates SMU-in-Plano, which is a graduate school for business, engineering, and computer science. This campus is also home to the Guildhall, known for its graduate program in video game development. Finally, Dallas Baptist University’s North Campus is located in West Plano and has undergraduate and graduate students.

Commuting Time in Plano, TX

Plano’s transportation infrastructure should be the envy of cities with major traffic congestion, like Los Angeles, New York, Chicago, and Washington, D.C. Though much smaller than these cities, Plano has developed a system of transportation that makes getting around the area, as well as in and out of Dallas, a breeze.

In the early 2000s, Plano opted to join the Dallas Area Rapid Transit (DART) train transportation system, with numerous stations across Plano. This has cut out the major commute times for individuals having to go into Dallas. At the same time, Plano has a highly organized road system with major roads each having at least two lanes on a divided roadway, which, in turn, allows for higher speeds and less congested traffic. With the nearby Highway 75, the Dallas North Tollway, the President George Bush Turnpike, and State Highway 121, Plano’s commute time is low.

Plano Demographics

Population

  • Total Population281,566
  • Male Population(49.1 %) 138,117
  • Female Population(50.9 %) 143,449
  • Median Age38.80

Income/Financial

  • Average Household Income$116,992
  • Median Household Income$88,578
  • Median Income Under 25$44,735
  • Median Income 25-44$86,462
  • Median Income 45-64$111,183
  • Median Income Over 65$57,229

Residential Rents in Plano, TX

The rental market in Plano is on par with other thriving business-oriented suburbs. Average apartment rent is $1,182/month, higher than last year’s average of $1,121/month. A studio apartment can go for an average of $918/month, while a one-bedroom averages $1,030/month and two-bedroom units are $1,312/month.

News

Highlights: Working a 29-Hour Week in KCMO Will Get Your Very Own Private Office Want to Be a Freelancer in Silicon Valley? You’d Better Start Looking for a Roommate Average-Earning Freelancers Would Need to Work 79 Hours per Week to Support Themselves in Boston Customize expenses and working ho...

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...

  As we ease into the fall season, the imminent arrival of the colder months of the year is also fueling office construction in the U.S. Developers are picking up the pace, trying to meet delivery schedules and complete their projects before the year comes to an end. Demand for bigger and b...

CommercialCafé is your first and only stop when it comes to commercial real estate leasings in Plano, TX. Search through our extensive selection of commercial properties for lease with current space availability in the area ranging between 2612 square feet and 300000 square feet. Discover the right property from our 302 listings by using our advanced search function, which includes search by property type, space availability, management company, lease rates, and more.