Commercial Real Estate Market in Clovis, NM
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
59 active listings and 296 off-market properties in Clovis, NM.
Market Trends
Clovis, NM spans 543.8 square miles in Curry County, New Mexico. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Clovis, NM has a median asking sale price of $73/SF (based on 3 listings). Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Retail
Retail space in Clovis, NM has a median asking sale price of $68/SF (based on 6 listings). Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Industrial
Industrial space in Clovis, NM has a median asking sale price of $71/SF (based on 5 listings). Vacancy runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Multifamily
Multifamily vacancy in Clovis, NM runs 8.6% across the West region in 2025, up from 7% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 56.4%
- Commercial 25.8%
- Industrial 11.6%
- Planned_development 6.3%
Largest Zones share of zoned land by district
Clovis, NM zones 9,832 acres across 8 districts. Commercial zoning covers 25.8% of zoned land, residential 56.4% and industrial 11.6%. The largest single district is Residential Single Family 7 at 39.4%. For commercial buyers the practical constraint is that only 37.3% of land carries a commercial or industrial designation.
In the CG district, loading areas shall be screened from view of streets and residential zoning districts. (3) No use shall generate any noise above 65 DNL, measured outside the building. 2. Moderate-impact Manufacturing and Industry. a. Manufacturing and industrial uses that, as part of their normal operations, generate noticeable off-site impacts in terms…
Market overview
Demographics & Economy
Clovis, NM has 45,686 residents in 19,801 households. Density runs 84 people per square mile. Median household income here is $55,349 and median gross rent $991 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Clovis?
What zoning applies to commercial property in Clovis?
Where does Realmo's Clovis market data come from?
Methodology & data sources
- Asking prices and medians
- There are 53 active for-sale and 6 active for-lease listings in Clovis, NM. The sale median is based on 18 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: 9,832 zoned acres across 8 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 West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West 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
