Irving, TX Office Overview
Irving is located northwest of Dallas and northeast of Fort Worth, putting the city right in the middle of one of the most dynamic markets in the U.S. As part of the Dallas - Fort Worth metroplex, the city generates its share of the region's nearly $318 billion annual gross metropolitan product. Roughly 25% of the office space here is Class A or A+, while Class B contributes another 73% of inventory to the Irving commercial real estate market.
Irving commercial real estate subdivisions include the Cottonwood Valley, International Airport, and Irving Heights submarkets. With a metropolitan population of over 6.8 million people, the city is part of the enormous Dallas-Fort Worth metroplex. The 12,000-acre Las Colinas mixed-use master planned development and the adjacent Dallas/Fort Worth Intentional Airport all help to generate a strong demand for white-collar employment.
Irving, TX Office Inventory Description
As of mid-2017, the Greater Irving market encompasses nearly 33 million square feet of existing office space in properties larger than 50,000 square feet. Both foreign and national companies are attracted to its strategic geographic location and the region's highly skilled labor force, creating a continuous demand for Class A space in the metropolitan area.
The Coppell submarket continues to see some of the strongest demand for Class A space in the area. Located just north of Irving between the I-635 and the I-25E freeways, this suburban market is home to prestigious buildings such as the 121 Corporate Park property, the 9111 Cypress Waters Boulevard office building, and the Coppell Commerce Center I & II on South Belt Line Road.
Irving, TX Commercial Inventory Breakdown
Office Spaces
Total: 38,960,596 SF
By square footage range:
- 50k to 100k SF: 5,056,067 SF / 12.98% of total office
- 100k to 500k SF: 26,713,116 SF / 68.56% of total office
- 500k to 1M SF: 3,066,413 SF / 7.87% of total office
- > 1M SF: 4,125,000 SF / 10.59% of total office
By class:
- Class A: 14,371,409 SF / 36.89% of total office
- Class B: 19,569,660 SF / 50.23% of total office
- Class C: 849,140 SF / 2.18% of total office
Top 10 Largest Office Buildings
in Irving
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Pioneer Natural Resources Headquarters | 777 Hidden Ridge Drive, 75038 | 1,125,000 | 2019 |
| The Urban Towers | 222 W Las Colinas Blvd, 75039 | 848,939 | 1982 |
| The Urban Towers | 222 West Las Colinas Blvd, 75039 | 848,591 | 1982 |
| Royal Tech Business Park | 3232 West Royal Lane, 75063 | 794,192 | 1999 |
| The Towers at Williams Square - Central Tower | 5215 North O'Connor Blvd, 75039 | 614,527 | 1981 |
| 600 Hidden Ridge Drive | 600 Hidden Ridge Drive, 75038 | 556,381 | 1990 |
| 700 Hidden Ridge Drive | 700 Hidden Ridge Drive, 75038 | 536,561 | 1990 |
| Urban Center | 600 E Las Colinas Blvd, 75039 | 510,841 | 1984 |
| 600 Las Colinas | 600 East Las Colinas Blvd, 75039 | 510,353 | 1982 |
| Riverside Commons | 5000 Riverside Drive, 75039 | 460,297 | 1986 |
Largest Office Properties Recently Completed
in Irving
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| 4871 Valley Ridge Drive | 4871 Valley Ridge Drive, 75062 | 28,000 | 2021 |
| Gateway Medical Center | 6121 North State Hwy 161, 75063 | 70,000 | 2020 |
| Pioneer Natural Resources Headquarters | 777 Hidden Ridge Drive, 75038 | 1,125,000 | 2019 |
| Irving IT Park - 1410 Westridge Circle North | 1410 Westridge Circle North, 75038 | 35,500 | 2019 |
| Royal 10 Office Center | 3600 West Royal Lane, 75063 | 114,500 | 2018 |
| Gateway 161 - 6161 State Highway 161 | 6161 State Highway 161, 75063 | 95,000 | 2018 |
| Medical Office Building III | 2005 West Park Drive, 75061 | 58,585 | 2018 |
| 1915 Hurd Drive | 1915 Hurd Drive, 75038 | 322,590 | 2017 |
| Connection Park II | 4795 Regent Blvd, 75063 | 160,638 | 2017 |
| Cypress Waters - 7-Eleven Headquarters | 3200 Hackberry Road, 75063 | 325,000 | 2016 |
Irving, TX Green Office Space
A survey of the top 30 major markets in the U.S. has shown that over the past 12 years the percentage of energy efficient office space in the U.S. has increased from just under 5% in 2005 to 38% by mid-2017.
While Irving itself hasn't made the list, the Dallas-Fort Worth metroplex ranks 17th for green office buildings larger than 50,000 square feet. Within the metro area over 3% of these large properties are LEED certified, over 10% are Energy Star Certified, and more than 12% are considered to be green buildings.
That's not to say that Irving isn't making its contribution to energy-efficient office space. With over 400,000 square feet of space, The Point at Las Colinas is an excellent example of a green building in Irving. Located at 300 East John W. Carpenter Freeway, this Class A property boasts a LEED Green Building certification.
Irving, TX's Top Office-Using Sectors
The real estate market in Irving is driven by a wide variety of business and industry, including high-technology, energy, and manufacturing.
- High-Technology – Verizon, Aegis Communications, Nokia, NEC Corporation of America, and Microsoft are just a few of the many companies that create white-collar jobs in Irving.
- Energy – Companies such as ExxonMobil, Energy Transfer Equity, and Vistra Energy are among the top office-using companies in the metropolitan area.
- Manufacturing – Commercial Metals, Fluor Corporation, NCH Corporation, and Southern Star Concrete are some of the many manufacturing companies headquartered here.
- Corporate Offices – Among the numerous corporate office users are Caliber Home Loans, Envoy Air, Kimberly-Clark, Celanese Corporation, and LXI Enterprise Storage.
Frequently Asked Questions
How much does office space cost in Irving, TX?
The average office rental rate in Irving, TX is $20.01 per square foot. Asking prices vary based on the property’s location, overall rating, amenities, proximity to restaurants, cafes and entertainment venues, as well as public transport, airports and highways. Check Irving Office Market Trends for more stats.
What is the size of available office spaces in Irving, TX?
The Irving, TX office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 100,046 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Irving, TX is 92 square feet, while the maximum rentable space on the market now is 200,000 square feet.
How do I get office space in Irving, TX?
Start your search for office space in Irving, TX by using our filters that allow you to find the best space for your business needs. Filter listings by location, property size, available space or lease rate. Property pages will offer details about an office building’s rating, year built, availabilities, price per square foot and more. After drawing up a shortlist, make sure you contact the listed broker(s) to schedule a viewing and begin the negotiation process for your lease contract.
How many office listings are available in Irving, TX?
There are 294 office listings on the Irving, TX market. See all available office spaces for rent.
Where to rent an office space in Irving, TX?
Popular Irving neighbourhoods with available office spaces include Las Colinas, Cottonwood Valley and Royal Regent Business Park.
What other property types are available for lease in Irving, TX?
In addition to traditional office spaces, commercial real estate listings on our platform also include coworking & shared office space options, retail spaces, industrial buildings, warehouses, distribution facilities, and more.
Irving Demographics
Population
- Total Population239,783
- Male Population(50.1 %) 120,219
- Female Population(49.9 %) 119,564
- Median Age32.00
Income/Financial
- Average Household Income$85,704
- Median Household Income$64,868
- Median Income Under 25$40,098
- Median Income 25-44$67,968
- Median Income 45-64$72,123
- Median Income Over 65$50,946
News
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