Industrial Properties in Richardson, Texas, offer a unique investment opportunity for those looking to capitalize on the city's strong economy and infrastructure. With a population of around 120,000, Richardson is an attractive location for businesses and individuals alike, boasting a rich history, diverse economy, and excellent connectivity. Industrial Properties in Richardson represent a range of investment opportunities, from warehouses and manufacturing facilities to distribution centers and research and development spaces. These properties are often characterized by their proximity to major transportation hubs, such as the President George Bush Turnpike and the Dallas Area Rapid Transit (DART) Light Rail line, making them ideal for businesses that require easy access to transportation infrastructure. Additionally, Richardson's strong employment base in the insurance industry and its reputation as a hub for telecommunications companies make it an attractive location for Industrial Properties. The city's amenities, including bike lanes and a comprehensive trail network, also contribute to its appeal.
Richardson's Industrial Properties are part of a larger landscape of commercial real estate options, which also include Warehouses, Land, Apartment Buildings, and Commercial Real Estate. Warehouses in Richardson offer flexible storage and distribution solutions, while Land provides opportunities for development and growth. Apartment Buildings in Richardson cater to the city's growing population, and Commercial Real Estate options range from office spaces to retail centers. With 13 Industrial Properties currently available for sale, investors have a range of options to choose from. The average price per square foot for Industrial Properties in Richardson is $163 USD, with an average size of 28,269 square feet. The largest Industrial Property available is 127,725 square feet, offering ample space for businesses of all sizes. With an average cap rate of 7%, Industrial Properties in Richardson are an attractive investment opportunity for those looking to capitalize on the city's growth and development.
What is the average price per square foot for industrial properties in Richardson?
The average price per square foot for industrial properties in Richardson is $163 USD.
How do location and transportation access affect industrial property values?
In Richardson, Texas, the location and transportation access of industrial properties significantly impact their values, with proximity to major highways, public transportation options, and amenities influencing property desirability and pricing.
- Properties situated near the President George Bush Turnpike, Interstate 635, U.S. Highway 75, and State Highway 190 tend to have higher values due to their convenient access to major transportation routes, facilitating the movement of goods and employees.
- The presence of the Dallas Area Rapid Transit (DART) Light Rail line, with stations like Spring Valley and Galatyn Park, also enhances property values by providing an alternative transportation option for employees and customers.
- Furthermore, industrial properties located in areas with a high concentration of amenities, such as the Telecom Corridor and CityLine development, may command higher prices due to their proximity to restaurants, entertainment options, and other services that support businesses and their employees.
