Richardson, TX
Commercial Real Estate Market Trends & Data

$410 Avg asking sale price
$427 Avg asking lease rate
25,519 SF Avg unit lease size
34,347 SF Avg building size for sale
6.58% Average cap rate

Richardson's Demographic Profile

Richardson has 46,326 households and a median income of $86,146, providing context for rent absorption and tenant demand across retail and multifamily assets. A +6% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 120,848
# Households 46,326
Median age 35
Median household income $86,146
Avg household size 2.0
Renter-occupied housing units 23,466
5-year population change +6%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Richardson, TX

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Richardson $360 38,431 SF 8.00%
Garland $311 7,737 SF 8.00%
Plano $406 17,773 SF 7.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Richardson $445 11,198 SF
Garland $459 4,659 SF
Plano $649 12,272 SF
Sachse $964 2,800 SF
Addison $467 21,845 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Richardson $183 64,938 SF 7.20%
Garland $146 51,114 SF 6.77%
Plano $183 12,320 SF 7.20%
Wylie $150 32,765 SF 6.65%

Commercial Properties For Sale in Richardson

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Strategic Mixed-Use Land at LBJ & US-75

Dallas, TX 75243

  • 2.75 AC Lot
  • 1 Commercial Lot
  • Price Upon Request
For Sale

Good News Dallas Church

Garland, TX 75042

  • 4,354 SF Specialty
  • $820,000
For Sale

The Bubble Zone Carwash and Lube Center

Garland, TX 75040

  • 9,756 SF Specialty
  • $9,998,000
For Sale

Crash Champions & Midway Cars Direct

Plano, TX 75093

  • 28,098 SF Retail Building
  • 6.50% Cap Rate
  • $9,839,200
For Sale

Spiars Engineering Building

Plano, TX 75075

  • 11,462 SF Office Building
  • $5,157,900
For Sale

Village Commons of Murphy

Murphy, TX 75094

  • 4,108 SF Office Building
  • $2,500,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Richardson pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Richardson $410 34,347 SF
Murphy $609 3,054 SF
Garland $328 14,970 SF
Plano $452 17,460 SF
Sachse $564 18,334 SF

Regional Demographic Comparison

This comparison places Richardson alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Richardson or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Richardson 120,848 46,326 35 $86,146 2 23,466 6%
Murphy 21,915 6,225 41 $144,178 4 392 18%
Garland 235,170 78,007 36 $65,493 3 31,731 -2%
Plano 316,577 122,738 41 $99,547 3 55,736 19%
Sachse 30,572 9,855 39 $120,468 3 1,923 10%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Richardson, TX and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Richardson

View All Commercial Real Estate For Sale in Richardson
Is Richardson a good market for a first-time commercial real estate investor?

Richardson offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Richardson?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Richardson. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Richardson?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Richardson. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Richardson compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Richardson. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Richardson acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Richardson, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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