2022 Office Space Rent & Sales
- $23.41 2022 Avg. Asking Rent
- 10.67% 2022 Office Vacancy Rate
North Richland Hills office price per square foot in 2022 was $23.41 on average. The local office market recorded an average vacancy rate of 10.67% across all asset classes combined.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- North Richland Hills Class A & A+ Office Space$26.50
- North Richland Hills Class B Office Space$23.27
- North Richland Hills Class C Office Space$19.36
- Texas Class A & A+ Office Space$36.30
- Texas Class B Office Space$24.60
- Texas Class C Office Space$20.70
North Richland Hills, TX Office Asking Rents by Class
Average office rent in North Richland Hills rested at $23.41 per square foot in 2022. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in North Richland Hills averaged $26.50 per square foot. Across all submarkets, class B office space recorded an average asking rent of $23.27 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $19.36 per square foot, on average. Comparably, statewide Texas average office rents by class in 2022 were: $36.30 per square foot for class A office space; $24.60 per square foot for class B office space; $20.70 per square foot for class C office space.
2022 Office Vacancy Rates in North Richland Hills
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| North Fort Worth | $24.87 | 7.37% |
| East Fort Worth | $18.49 | 25.45% |
Office Spaces for Rent in Texas
- Houston Office Space
- Austin Office Space
- Dallas Office Space
- San Antonio Office Space
- Fort Worth Office Space
- Plano Office Space
- Irving Office Space
- Richardson Office Space
- El Paso Office Space
- Frisco Office Space
- Arlington Office Space
- Lubbock Office Space
- Sugar Land Office Space
- Corpus Christi Office Space
- Amarillo Office Space
Coworking Spaces in Texas
- Houston Coworking Space
- Dallas Coworking Space
- Austin Coworking Space
- San Antonio Coworking Space
- Plano Coworking Space
- Fort Worth Coworking Space
- Frisco Coworking Space
- Sugar Land Coworking Space
- Irving Coworking Space
- Arlington Coworking Space
- McKinney Coworking Space
- Katy Coworking Space
- El Paso Coworking Space
- Spring Coworking Space
- Lubbock Coworking Space
- Allen Coworking Space
- Addison Coworking Space
- Carrollton Coworking Space
- Richardson Coworking Space
- Southlake Coworking Space
- Grapevine Coworking Space
- Amarillo Coworking Space
- Pearland Coworking Space
- Round Rock Coworking Space
| Office building | Address | SF | Completed |
|---|---|---|---|
| North Star Medical Park | 8169 Precinct Line Road, 76182 | 7,020 | 2021 |
| 9153 Belshire Dr | 9153 Belshire Dr, 76182 | 3,758 | 2019 |
| 8209 Mid Cities Blvd | 8209 Mid Cities Blvd, 76182 | 6,200 | 2009 |
| 8205 Mid Cities Blvd | 8205 Mid Cities Blvd, 76182 | 4,009 | 2009 |
| 8205 Mid Cities Blvd | 8205 Mid Cities Blvd, 76182 | 4,009 | 2009 |
| 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 |
| 8201 Mid Cities Blvd | 8201 Mid Cities Blvd, 76180 | 3,775 | 2007 |
| 8201 Mid Cities Blvd | 8201 Mid Cities Blvd, 76180 | 3,775 | 2007 |
Worth noting among recent office completions on the North Richland Hills market is North Star Medical Park, which is currently the largest new office development in the city, at 7,020 square feet.
See reports for other markets
- Houston Office Rent Price
- Austin Office Rent Price
- San Antonio Office Rent Price
- Dallas Office Rent Price
- Fort Worth Office Rent Price
- Plano Office Rent Price
- Irving Office Rent Price
- Richardson Office Rent Price
- The Woodlands Office Rent Price
- Arlington Office Rent Price
- Chicago Office Rent Price
- Phoenix Office Rent Price
- Atlanta Office Rent Price
- New York City Office Rent Price
- Denver Office Rent Price
- Miami Office Rent Price
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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. 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.