Highlights
- The average rent for office space in Richardson is $23.86 per square foot, 0.03% lower compared to the previous year.
- The average sale price for office space in Richardson is $143.74 per square foot, marking an increase of 77.45% compared to 2024.
- The market’s vacancy rate stands at 20.36%, higher than the state average of Texas, which is 17.16%.
2025 Office Space Rent & Sales
- $23.86 2025 Avg. Asking Rent
- -0.03% Y-o-Y Avg. Asking Rent Change
- 20.36% 2025 Office Vacancy Rate
- $54M2025 Total Office Sales
- $143.74Avg. Sale Price/SF
What is the average asking rent price for office space in Richardson?
Average asking rents for office space here stand at $23.86 per square foot. The local office market recorded an average vacancy rate of 20.36% in 2025, unchanged from 20.36% in 2024.
Office transactions in the local market in 2025 totaled a sales volume of $54M across 5 sales. These transactions commanded an average sale price per square foot of $143.74.
Richardson, TX Office Asking Rents by Class
What is the average office rent per square foot by property class in TX?
- Avg. Asking Rent Class A & A+$39.66
- Avg. Asking Rent Class B$24.95
- Avg. Asking Rent Class C$20.18
For comparison, the average rent for Class A and A+ office space in Texas was $39.66 per square foot. The state-wide average for Class B space was $24.95 per square foot, and Class C office spaces averaged $20.18 per square foot.
Richardson, TX Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Plano | $31.39 | 15.03% |
| North Dallas | $28.58 | 20.85% |
| Telecom Corridor | $23.26 | 20.52% |
What are the largest recent office completions in Richardson?
The largest recent office completion here is Galatyn Commons - Building D at 302,100 square feet, completed in 2000. The next largest completions are Tower 2600 and Galatyn Commons C.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Campbell Office Park | 1050 West Campbell Road, 75080 | 28,665 | 2015 |
| Renner Medical Plaza | 3005 East Renner Road, 75082 | 38,521 | 2008 |
| 190 Office Center - 1311 West President George Bush Hwy | 1311 West President George Bush Hwy, 75080 | 153,724 | 2007 |
| The Shops at Eastside | 720 East Campbell Road, 75081 | 62,342 | 2007 |
| 190 Office Center - 1301 West President George Bush Hwy | 1301 West President George Bush Hwy, 75080 | 153,714 | 2001 |
| Galatyn Commons - Building D | 1011 Galatyn Pkwy, 75082 | 302,100 | 2000 |
| Tower 2600 | 2600 North Central Expwy, 75080 | 229,307 | 1999 |
| Galatyn Commons C | 2380 Performance Dr, 75082 | 198,735 | 1999 |
| Cardinal Park 7, 8 & 9 | 1701 North Plano Road, 75081 | 142,356 | 1999 |
| Richardson Office Center II | 3001 East President George Bush Hwy, 75082 | 120,000 | 1999 |
See reports for other markets
- Houston Office Rent Price
- Austin Office Rent Price
- Dallas Office Rent Price
- San Antonio Office Rent Price
- Fort Worth Office Rent Price
- Plano Office Rent Price
- Irving Office Rent Price
- Arlington Office Rent Price
- The Woodlands Office Rent Price
- Spring Office Rent Price
- Amarillo Office Rent Price
- Sugar Land Office Rent Price
- McKinney Office Rent Price
- Frisco Office Rent Price
- Southlake Office Rent Price
- Lewisville Office Rent Price
Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.