Plano, TX Office Overview
The Plano real estate market includes the Arbor Hills - Prestonwood, Dallas North Estates, and Willow Bend - Gleneagles submarkets. While the population is nearly 300,000, it’s also part of the Dallas - Fort Worth metroplex, which is home to over 4.7 million residents. The demand for office space remains consistently strong due to the numerous corporate headquarters that are located here.
As of mid-2017, the 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.
Plano, TX Office Inventory Description
Plano contributes greatly to the area's $504 billion annual gross metropolitan product. Nearly 46% of office space in Plano is Class A, while Class B accounts for 53%.
Some of the strongest demand for office space comes from the Legacy West submarket. Located southwest of where the Sam Rayburn Tollway and Dallas Pkwy intersect, this area is home to portfolio office properties such as Parkwood Place, Headquarters I, and One Legacy West.
Plano, TX Commercial Inventory Breakdown
Office Spaces
Total: 47,539,746 SF
By square footage range:
- 50k to 100k SF: 3,512,688 SF / 7.39% of total office
- 100k to 500k SF: 28,695,861 SF / 60.36% of total office
- 500k to 1M SF: 5,280,811 SF / 11.11% of total office
- > 1M SF: 10,050,386 SF / 21.14% of total office
By class:
- Class A+: 212,000 SF / 0.45% of total office
- Class A: 30,641,140 SF / 64.45% of total office
- Class B: 9,867,095 SF / 20.76% of total office
- Class C: 534,408 SF / 1.12% 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 |
| Collin Creek Mall - Office Redevelopment | NWC West Plano Pkwy & North Central Expy, 75075 | 1,300,000 | 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 |
| Heritage Creekside - Future Office Buildings | SEC West Plano Pkwy & Custer Rd, 75075 | 750,000 | n/a |
| Bank of America Corporate Drive - Buildings A, B & C | 7105 Corporate Drive, 75024 | 733,516 | 1999 |
| CityLine II | 1201 State Street, 75082 | 729,580 | 2015 |
Most Recently-Built Office Buildings
in Plano
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Legacy Central One | 6500 Chase Oaks Blvd, 75023 | 200,000 | 2019 |
| 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 |
| Village 121 - 8277 Belleview Drive | 8277 Belleview Drive, 75024 | 49,258 | 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 |
Plano, TX Green Office Space
Both tenants and 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 is the Pepsi Logistics Company Headquarters. Built in 1999, this 248,000-square-foot property is in the Legacy submarket of Plano and is LEED-Certified Gold.
While Plano itself is too small to be considered a top 30 office market, it is part of the Dallas - Fort Worth metroplex, 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 metroplex and is home to some of the most recognizable businesses and corporate headquarters in the United States. Given its relatively small size, the mixture industry sectors is quite impressive.
- High Tech Corporate Headquarters – Alliance Data, CA Technologies, Dell Services, Ericsson, DXC Technology, and Alcatel-Lucent.
- Food & Beverage Corporate Headquarters – Frito-Lay, Cookies By Design, Pizza Hut, and Yum! Restaurants International.
- Retail Corporate Headquarters – 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.
FREQUENTLY ASKED QUESTIONS
How much does office space cost in Plano, TX?
The average office rental rate in Plano, TX is $23.9 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.
What is the size of available office spaces in Plano, TX?
The Plano, TX office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 1,150,137 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Plano, TX is 273 square feet, while the maximum rentable space on the market now is 2,300,000 square feet.
How do I get office space in Plano, TX?
Start your search for office space in Plano, 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 Plano, TX?
There are 285 office listings on the Plano, TX market.
Plano Demographics
Population
- Total Population284,579
- Male Population(49.2 %) 140,053
- Female Population(50.8 %) 144,526
- Median Age38.60
Income/Financial
- Average Household Income$121,765
- Median Household Income$92,121
- Median Income Under 25$44,913
- Median Income 25-44$90,907
- Median Income 45-64$117,074
- Median Income Over 65$59,823
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