• Richardson offers new and relocating companies some of the finest Class A office and industrial buildings in the DFW area. 
• Several new spec office buildings
• Extensive inventory of existing flex/tech showroom office buildings
• Several fully developed vacant land parcels and build-to-suit corporate campus acreage
• Lease rates are extremely competitive with surrounding areas

REDP can provide reports on available properties when a specific real estate need is identified. For a complete list of REDP services, click here

Current statistics (1Q 2008)

Class A Office Space              

• Definition:  Extremely desirable office property with the highest quality construction and workmanship, materials and systems, significant architectural features, the highest quality/expensive finish and trim, abundant amenities, first rate maintenance and management.
• Total Citywide SF:  5,385,237 SF
• Occupancy rate:  93%
• Average age:  15.1 years
• Rental Rates
  • Range:  $19.05-26.63/SF
  • Average:  $24.28/SF
  
  Palisades Central II
  $22.08/SF

Class B, C and other Office Space

• Definition:  Class B offers more utilitarian space without special attractions. It will typically have ordinary architectural design and structural features, with average interior finish, systems, and floor plans, adequate systems and overall condition. 
• Definition:  Class C is typically a "no-frills' older building
• Total Citywide SF:  8,866,558 SF
• Occupancy rate:  81%
• Average age:  21.6 years
• Rental Rates
  • Range:  $10.00-$32.39/SF
  • Average:  $17.30/SF
  
  Comerica Bank Building
  $14.42/SF

Flex / Industrial Space                

• Definition:  Flex space is designed to be versatile, which may be used in combination with office, research and development, some service retails, and including but not limited to industrial, warehouse, and distribution uses.  
• Definition:  Industrial space is adapted for a combination of more industrial uses such as assembly work, processing, and/or manufacturing products from raw materials or fabricated parts.  Also warehousing, distribution, and maintenance facilities. 
• Total Citywide SF:  14,855,524 SF
• Occupancy rate:  82%
• Average age:  26.7 years
• Rental Rates:
  • Range:  $5.00-$12.00/SF
  • Average:  $7.48/SF
  
  Presidential Business Center
  $7.50/SF
  

Retail/Shopping Center Space    

• Definition:  Intended use is to sell products and services to the general public.
• Total Citywide SF:  5,177,881 SF
• Occupancy rate:  86%
• Average age:  25.2 years
• Rental Rates:
  • Range:  $7.00-$35.90/SF
  • Average:  $14.38/SF
  
  Lennox Center
  Negotiable on rent

 Land

• Available parcels range from 2 acres to 200 acres
• Prices range from $2/SF to over $15/S
  

  Available Land
  Acres	Location	Name	Uses
  400	near NWC Central & SH 190	Galatyn Park	High-Tech office and support retail, hotel
  110.9	SWC Custer & SH 190	Custer/SH 190 tract	Office
  100	NEC Campbell & Coit	Lennox Center	Office (60 acres) Retail (40 acres)
  78	East and South of Telecom Pkwy.	Shiloh Business Park	High-Tech HQ and operations
  44.17	NWC of Synergy Park Blvd. & Floyd	Tract 9-UTD	corporate operations
  43	N/A	Lightner tract	N/A
  38	Southbound Central Expwy. b/w Campbell & Renner	Central Expwy. (Carter) tract	N/A
  32	NE corner 190/Central Expressway	Caruth family tract	N/A
  30.49	SEC Renner Rd. & Waterview Parkway	Tract 6-UTD	Corp. facilities, light industrial
  27.11	NEC Renner Rd. & Waterview Pkwy.	Tract 5-UTD	Corp. facilities, light industrial
  22.051	NEC Greenville & Plano Rd.	Greenville/Plano Rd. tract	N/A
  20	SWC Waterview Pkwy. & KCS Railway	Tract 7-UTD	Corp. facilities, light industrial
  12.96	SWC Waterview Pkwy. & SH 190	Tract 4-UTD	Corp. facilities, light industrial
  12.75	NC Renner east of Central Expwy.	Renner tract	N/A
  10	N & SEC Shiloh & Research	Shiloh Rd./Research tract	Light industrial
  9.16	NEC Synergy Park Blvd. & Waterview Pkwy.	Tract 10-UTD	High-tech
  7.7	NEC Floyd Rd. & KCS Railway	Tract 8-UTD	Corp. facilities, light industrial
  7.4	NWC Renner & Brand	Renner/Brand tract	Retail
  7	NWC Arapaho & Grove	Arapaho Rd./Grove tract	N/A
  6.79	SEC Arapaho & Grove	Wickes Site	Office/tech
  5.10	NWC Campbell Rd. & Campbell Creek	Campbell Creek/Campbell tract	Office, hotel, restaurant
  5	SWC Renner Rd. & Shiloh	Renner Rd./Shiloh Rd. tract	N/A
  5	SEC Campbell & Plano Rd.	Campbell/Plano tract	N/A
  1.5	SWC SH 190 & Jupiter Rd.	Jupiter Rd./SH 190 tract	Retail
  1.33	SEC Campbell & Glenville	Campbell/Glenville tract	N/A
  0.9	NEC Campbell Rd. & Campbell Creek Blvd.	Campbell/Campbell Creek tract	Professional office

For more information on Real Estate, please contact John Jacobs at 972-792-2802.

Updated:  September 2008