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Q1 2012 Richardson Commercial Real Estate Statistics

Apr 12, 2012

REDP’s real estate information source, CoStar Group, shows the following data on Richardson’s Class A office, Class B/C office, Flex and Industrial buildings:
 
1st Quarter, April 2012 
 
Class A Office Space
Number properties: 29
Total inventory: 6,691,584 SF
SF available: 1,367,332 SF
Average rent: $20.79/SF/yr
Rent range: $18.34 – $23.40/SF/yr 
 
Class B/C Office Space
 
Number properties: 266
Total inventory: 10,129,624 SF
SF available: 2,026,845 SF
Average rent: $16.56/SF/yr
Rent range: $5.00 – $30.39/SF/yr 
 
Flex Space
 
Number properties: 265
Total inventory: 10,341,730 SF
SF available: 2,295,055 SF
Average rent: $19.72/SF/yr
Rent range: $4.25 – $30.00/SF/yr 
Industrial Space

Number properties: 85
Total inventory: 5,096,648 SF
SF available: 470,580 SF
Average rent: $4.61/SF/yr
Rent range: $3.41 – $9.50/SF/yr
Total SF Leased YTD 465,486 SF
Approx. Jobs Announced/Retained YTD 1,046
New Projects YTD 16

Source: Richardson Economic Development Partnership

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