North Richland Hills Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $22.37 2024 Avg. Asking Rent
  • 21.39% 2024 Office Vacancy Rate

North Richland Hills office price per square foot in 2024 was $22.37 on average. The local office market recorded an average vacancy rate of 21.39% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Texas Class A & A+ Office Space$38.26
  • Texas Class B Office Space$24.71
  • Texas Class C Office Space$19.84

North Richland Hills, TX Office Asking Rents by Class

2024 Office Vacancy Rates in North Richland Hills

Submarket Asking Rents Vacancy Rates
East Fort Worth $21.12 35.67%
North Fort Worth $18.06 21.30%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the North Richland Hills market was 21.39% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in North Richland Hills was 21.30% in the North Fort Worth submarket, while the highest office vacancy in the market was 35.67%, recorded in East Fort Worth.

Coworking Spaces in Texas

2024 Office Construction in North Richland Hills, TX

  • North Richland Hills, TX Total SF completed in 2024 38,500

During 2024, 38,500 square feet of new office space were delivered across the market. At the close of 2024, the North Richland Hills office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 38,500 square feet of office space.

Largest Office Properties Recently Completed in North Richland Hills
Office building Address SF Completed
8901 Mid Cities Blvd 8901 Mid Cities Blvd, 76182 8,788 2020
Multi-tenant Medical Center 8479 Davis Blvd, 76182 16,524 2017
Multi-tenant Medical Center 8479 Davis Blvd, 76182 16,524 2017
8533 Davis Blvd 8533 Davis Blvd, 76182 6,640 2015
Calloway Creek Medical Office Building 4300 City Point Drive, 76180 79,172 2007
8233 Mid Cities Blvd 8233 Mid Cities Blvd, 76182 3,824 2007
8233 Mid Cities Blvd 8233 Mid Cities Blvd, 76182 3,824 2007
6252 N. Davis Blvd 6252 Davis Blvd, 76180 5,014 2006
6252 Davis Blvd 6252 Davis Blvd, 76180 5,014 2006
Woodforest Plaza 8408 Davis Blvd, 76182 25,504 2005

Worth noting among recent office completions on the North Richland Hills market is 8901 Mid Cities Blvd, which is currently the largest new office development in the city, at 8,788 square feet.

Data provided by Commercial Edge

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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all North Richland Hills commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.