Plano, TX - Office Market Overview
The Plano real estate market includes the Arbor Hills - Prestonwood, Dallas North Estates, and Willow Bend - Gleneagles commercial real estate submarkets. While the population of Plano is nearly 300,000 people, it is also part of the Dallas - Fort Worth metroplex, which is home to over 4.7 million residents. The demand for Class A office space in Plano remains consistently strong due to the numerous corporate headquarters that are located here.
As of mid-2017, the Plano office market encompasses nearly 30 million square feet of existing office space in properties larger than 50,000 square feet. Business travel and the support services it requires play a key role in the economy of Plano and help drive the demand for commercial real estate in Plano, TX.
Plano, TX - Office Inventory Description
As part of the Dallas - Fort Worth metropolitan area, Plano contributes greatly to the area's $504 billion annual gross metropolitan product. Nearly 46% of office space in Plano is Class A or A+, while Class B office products accounts for 53% of inventory.
Some of the strongest demand for Class A office space in Plano comes from the Sherrill Park office submarket. Located southeast of where the President George Bush Turnpike and State Route 75 intersect, this area is home to portfolio office properties such as Woodcreek Plaza, Tower 2600, and Lookout Plaza I at 1301 East Lookout Drive.
Plano, TX Commercial Inventory Breakdown
Office Spaces
Total: 48,909,452 SF
By square footage range:
- 50k to 100k SF: 3,528,750 SF / 7.21% of total office
- 100k to 500k SF: 28,443,305 SF / 58.16% of total office
- 500k to 1M SF: 4,620,811 SF / 9.45% of total office
- > 1M SF: 12,316,586 SF / 25.18% of total office
By class:
- Class A+: 424,000 SF / 0.87% of total office
- Class A: 29,275,482 SF / 59.86% of total office
- Class B: 9,642,153 SF / 19.71% of total office
- Class C: 534,408 SF / 1.09% of total office
Top 10 Largest Office Buildings
in Plano
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Toyota Headquarters at Legacy West | 6565 Headquarters Drive, 75024 | 2,100,000 | 2017 |
| The Campus at Legacy West | 6501 Legacy Drive, 75024 | 1,929,059 | 1991 |
| HP Headquarters | 7000 Parkwood Blvd, 75024 | 1,578,500 | 1991 |
| Two, Three & Four Heritage Creekside | SEC West Plano Pkwy & Custer Rd, 75075 | 1,566,200 | n/a |
| Capital One Plano Campus | 8000 Dominion Pkwy, 75024 | 1,082,323 | 2007 |
| 2300 West Plano Pkwy | 2300 West Plano Pkwy, 75075 | 1,060,504 | 1962 |
| JPMorgan Headquarters at Legacy West | 8181 Communications Pkwy, 75024 | 1,000,000 | 2018 |
| Legacy Business Park | SWC Legacy Drive & Communication Pkwy, 75024 | 1,000,000 | n/a |
| Collin Creek Mall - Office Redevelopment | NWC West Plano Pkwy & North Central Expy, 75075 | 1,000,000 | n/a |
| Bank of America Corporate Drive - Buildings A, B & C | 7105 Corporate Drive, 75024 | 733,516 | 1999 |
Most Recently-Built Office Buildings
in Plano
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| JPMorgan Headquarters at Legacy West | 8181 Communications Pkwy, 75024 | 1,000,000 | 2018 |
| Liberty Mutual Tower at Legacy West I | 7900 Windrose Avenue, 75024 | 504,753 | 2018 |
| Liberty Mutual Tower at Legacy West II | 7900 Windrose Avenue, 75024 | 504,752 | 2018 |
| Plano Medical Pavilion - 4825 Alliance Blvd | 4825 Alliance Blvd, 75093 | 47,992 | 2018 |
| Toyota Headquarters at Legacy West | 6565 Headquarters Drive, 75024 | 2,100,000 | 2017 |
| Legacy West - Buildings AB & G | 5905 Legacy Drive, 75024 | 421,000 | 2017 |
| Granite Park Seven | 5600 Granite Pkwy, 75024 | 324,010 | 2017 |
| 3400 at CityLine | 3400 North Central Expwy, 75080 | 310,000 | 2017 |
| One Legacy West | 7950 Legacy Drive, 75024 | 307,824 | 2017 |
| Children's Medical Center Plano - Specialty Center 2 | 7211 Preston Road, 75024 | 200,000 | 2017 |
Plano, TX - Green Office Space
Both tenants and office building investors increasingly realize the economic benefits of green office space. The 2017 National Green Building Adoption Index analyzed the top 30 major office markets in the U.S. and discovered that green, energy-efficient office buildings have increased their share of the market from under 5% in 2005 to about 38% today.
An excellent example of a Plano LEED-certified office building is the Pepsi Logistics Company Headquarters. Built in 1999, this 248,000-square-foot property is located in the Legacy commercial real estate submarket of Plano and was awarded a LEED Gold certification.
While Plano itself is too small to be considered a top 30 office market, it is part of the Dallas metro area, which ranks 17th in the country for amount of energy-efficient office buildings. Over 3% of the office buildings here are LEED-certified, more than 10% have an EPA Energy Star rating, and over 12% are otherwise labeled green.
Plano, TX's Top Office-Using Sectors
Plano is one of the most affluent business hubs in the metro area and is home to some of the most recognizable businesses and corporate headquarters in the United States. Given its relatively small size, the mixture of top office-using industry sectors in the Plano commercial real estate market is quite impressive.
- High Tech Corporate Headquarters – Alliance Data, CA Technologies, Dell Services, Ericsson, DXC Technology, and Alcatel-Lucent are some of the largest employers and creators of white-collar office employment in Plano.
- Food & Beverage Corporate Headquarters – Frito-Lay, Cookies By Design, Pizza Hut, and Yum! Restaurants International are all headquartered in Plano.
- Retail Corporate Headquarters – Demand for white-collar office space comes from retail head offices such as JCPenney, Rent-A-Center, Robot Entertainment, and Toyota Motor North America.
- Financial Services – Bank of America Home Loans, Capital One Financial Services, and Liberty Mutual Insurance all help drive demand for Class A office space in Plano, Texas.
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
News
Your Work Week Could Be 10 Hours Shorter in Dallas or Houston – What’s it Like to Live and Work as a Freelancer in These US Cities?
November 27, 2018
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 should idea...
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 better...
Cities near Plano, TX
- Addison Office Space
- Allen Office Space
- Carrollton Office Space
- Coppel Office Space
- Dallas Office Space
- Farmers Branch Office Space
- Frisco Office Space
- Garland Office Space
- Highland Park Office Space
- McKinney Office Space
- Prosper Office Space
- Richardson Office Space
- Rowlett Office Space
- Sachse Office Space
- The Colony Office Space
- University Park Office Space
- Villas of Cottonwood Creek Office Space
- Wylie Office Space
- + More - Less
Neighborhoods
- Acres of Sunshine Office Space
- Billingsley Office Space
- Breezeway Farms Office Space
- Brooks on Preston Office Space
- Bush Central Station Office Space
- Capital One Office Space
- Carrington Park Office Space
- Cloisters Office Space
- Coit Center Office Space
- Coit Crossing Office Space
- Countrywide Office Space
- Dallas North Estates Office Space
- Dominion Legacy Office Space
- Downtown Plano Office Space
- Eds Clusters Office Space
- Eds Lakes Office Space
- Ericsson Village Office Space
- Galatyn Park North Office Space
- Granite Park Office Space
- Legacy Office Space
- Legacy West Office Space
- Parkway Centre Office Space
- Pitman Creek North Office Space
- Plano Medical Plaza Office Space
- Preston Bend Office Space
- Preston Park South Office Space
- Tennyson Parkway Office Space
- Tuscany Villas Office Space
- Willow Bend Office Park Office Space
- Wyndham Hill Office Space
- + More - Less
Cities near Plano, TX
- Addison Commercial Real Estate
- Allen Commercial Real Estate
- Carrollton Commercial Real Estate
- Coppel Commercial Real Estate
- Dallas Commercial Real Estate
- Farmers Branch Commercial Real Estate
- Frisco Commercial Real Estate
- Garland Commercial Real Estate
- Highland Park Commercial Real Estate
- McKinney Commercial Real Estate
- Prosper Commercial Real Estate
- Richardson Commercial Real Estate
- Rowlett Commercial Real Estate
- Sachse Commercial Real Estate
- The Colony Commercial Real Estate
- University Park Commercial Real Estate
- Villas of Cottonwood Creek Commercial Real Estate
- Wylie Commercial Real Estate
- + More - Less