Plano Commercial Real Estate Market
The Plano Submarket encompasses east Plano, and most of its office inventory is along the North Central Expressway or President George Bush Turnpike. The submarket's inventory primarily comprises 3 Star product, which is reminiscent of office stock in submarkets like Lewisville and HEB/Mid-Cities. Rent growth has slowed in recent quarters to less than 1% year-over-year growth.
The most significant sale of this cycle involved Texas Instruments’ old campus, which underwent a $100 million redo and is now being marketed as Legacy Central. Legacy Central is adding apartments and retail components along with renovated office buildings. While Legacy Central is still mostly vacant, it has seen some leasing momentum as of late, signing firms like Samsung and Peloton to significant deals.
Property types are as follows:
Office 383 Buildings/10.1 MSF
Warehouse 560 Buildings/23.9 MSF
Medical 46 Buildings/1.4 MSF
If you would like building specific information fill in our Free Plano Commercial Space Report and submit it to us. We will respond quickly with valuable building information that you can use to locate your commercial space.
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