Commercial Real Estate Market in Richland Hills, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
30 active listings and 317 off-market properties in Richland Hills, TX.
Market Trends
Richland Hills, TX spans 19.0 square miles in Tarrant County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Richland Hills, TX runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Richland Hills, TX runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Richland Hills, TX runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Richland Hills, TX asks $211/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Richland Hills, TX has 53,624 residents in 22,722 households. Density runs 2,829 people per square mile. Median household income here is $82,316 and median gross rent $1,506 a month.
53,624
Population
22,722
Households
2.4
Avg Household Size
37
Median Age
31%
College-Educated
91%
High-School Grad
19 sq mi
ZIP Area
2,829
Density / Sq Mi
$82,316
Median Household Income
$44,521
Median Earnings
$1,506
Median Rent
$287,995
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hurst | — | $13.25 |
| Haltom City | — | $11.18 |
| North Richland Hills | — | $19.50 |
| Watauga | — | — |
Commercial property in Richland Hills, TX asks $123/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Richland Hills?
Commercial property in Richland Hills, TX asks an average of $123 per square foot. Multifamily carries the highest asking price at $211/SF.
Where does Realmo's Richland Hills market data come from?
Realmo compiles Richland Hills, TX figures from 20 active sale listings, 10 active lease listings, 317 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 10 active for-lease listings in Richland Hills, TX. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
