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Office Space for Rent in Plano, TX - 260 Listings

Plano, TX - Office Market Overview

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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: 47,105,864 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 3,382,750 SF / 7.18% of total office
  • 100k to 500k SF: 28,325,717 SF / 60.13% of total office
  • 500k to 1M SF: 4,080,811 SF / 8.66% of total office
  • > 1M SF: 11,316,586 SF / 24.02% of total office

By class:

  • Class A+: 425,190 SF / 0.9% of total office
  • Class A: 29,164,482 SF / 61.91% of total office
  • Class B: 9,642,153 SF / 20.47% of total office
  • Class C: 534,408 SF / 1.13% 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
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
CityLine II 1201 State Street, 75082 729,580 2015

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

Employment

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

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