North Richland Hills Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $20.27 2023 Avg. Asking Rent
  • 13.63% 2023 Office Vacancy Rate

North Richland Hills office price per square foot in 2023 was $20.27 on average. The local office market recorded an average vacancy rate of 13.63% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2023 Average Office Rent per Square Foot

  • Texas Class A & A+ Office Space$36.17
  • Texas Class B Office Space$24.95
  • Texas Class C Office Space$31.07

North Richland Hills, TX Office Asking Rents by Class

2023 Office Vacancy Rates in North Richland Hills

Submarket Asking Rents Vacancy Rates
North Fort Worth $20.90 9.34%
East Fort Worth $20.02 29.77%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the North Richland Hills market was 13.63% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in North Richland Hills was 9.34% in the North Fort Worth submarket, while the highest office vacancy in the market was 29.77%, recorded in East Fort Worth.

Office Spaces for Rent in Texas

Coworking Spaces in Texas

Largest Office Properties Recently Completed in North Richland Hills
Office building Address SF Completed
North Star Medical Park 8169 Precinct Line Road, 76182 7,427 2024
Stonecreek Office Park 8501 MidCities Blvd., 76182 5,086 2020
Multi-tenant Medical Center 8479 Davis Blvd, 76182 16,524 2017
8533 Davis Blvd 8533 Davis Blvd, 76182 6,640 2015
8209 Mid Cities Blvd 8209 Mid Cities Blvd, 76182 6,200 2009
Calloway Creek Medical Center 4300 City Point Dr, 76180 79,172 2007
Calloway Creek Medical Office Building 4300 City Point Drive, 76180 79,172 2007
8233 Mid Cities Blvd 8233 Mid Cities Blvd, 76182 3,824 2007
8233 Mid Cities Blvd 8233 Mid Cities Blvd, 76182 3,824 2007
6252 Davis Blvd 6252 Davis Blvd, 76180 5,014 2006

Worth noting among recent office completions on the North Richland Hills market is North Star Medical Park, which is currently the largest new office development in the city, at 7,427 square feet.

Data provided by Commercial Edge

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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all North Richland Hills commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.