Commercial Real Estate Market in Richmond, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
153 active listings and 1,409 off-market properties in Richmond, TX. Commercial property asks $733/SF to buy and $22.00/SF/Yr to lease.
Market Trends
Richmond, TX spans 184.3 square miles in Fort Bend County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Richmond, 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 Richmond, TX runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
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%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Richmond, TX runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
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
General Residential
Public Institutional
General Commercial
Mixed Use
Olde Town
General Residential (GR)
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.
191,285
Population
70,234
Households
2.7
Avg Household Size
35
Median Age
48%
College-Educated
92%
High-School Grad
184.3 sq mi
ZIP Area
1,038
Density / Sq Mi
$114,294
Median Household Income
$55,075
Median Earnings
$1,895
Median Rent
$351,134
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Barker | — | — |
| Sugar Land | — | — |
| Meadows Place | — | — |
| Howellville | — | — |
Commercial property in Richmond, TX asks $733/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Richmond?
Commercial property in Richmond, TX asks an average of $733 per square foot.
How much does it cost to lease commercial space in Richmond?
Asking lease rates in Richmond, TX average $22.00 per square foot per year.
Where does Realmo's Richmond market data come from?
Realmo compiles Richmond, TX figures from 124 active sale listings, 29 active lease listings, 1,409 tracked off-market properties, the current Richmond zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 124 active for-sale and 29 active for-lease listings in Richmond, 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.
- 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 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
