Commercial Real Estate Market in Richmond, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
39 active listings and 1,409 off-market properties in Richmond, TX.
Market Trends
Richmond, TX spans 184.3 square miles in Fort Bend County, Texas. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Richmond, TX runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Richmond, TX runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Richmond, TX runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Richmond, TX runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 33.7%
- Civic 32.6%
- Commercial 22.1%
- Mixed use 7.1%
- Industrial 4.5%
Largest Zones share of zoned land by district
The purpose of the General Residential district is to provide for the development, and sometimes preservation, of residential neighborhoods with auto-urban character.
Market overview
Demographics & Economy
Richmond, TX has 191,285 residents in 70,234 households. Density runs 1,038 people per square mile. Median household income here is $114,294 and median gross rent $1,895 a month.
Tools
Nearby Markets
Commercial property in Richmond, TX asks $433/SF. The 2 bordering markets run from $243/SF in Katy to $432/SF in Fulshear, and the city sits above their $338/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Richmond?
How does Richmond compare to nearby markets on price?
Where does Realmo's Richmond market data come from?
Methodology & data sources
- Asking prices and medians
- There are 21 active for-sale and 18 active for-lease listings in Richmond, TX. The sale median is based on 7 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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.
- Zoning and land use
- The current municipal zoning release: 3,113 zoned acres across 9 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 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 October 2026 · How Realmo checks market page data · Report a data issue
