Commercial Real Estate Market in Clovis, NM
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
144 active listings and 298 off-market properties in Clovis, NM. Commercial property asks $214/SF to buy and $11.05/SF/Yr to lease.
Market Trends
Clovis, NM spans 543.8 square miles in Curry County, New Mexico. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Clovis, NM runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Clovis, NM runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Clovis, NM runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Clovis, NM runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
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
Residential Single Family 7
Commercial General
Residential Single Family 170
Industrial
Traditional Neighborhood Development
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.
Commercial General (CG)
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.
45,686
Population
19,801
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
82%
High-School Grad
543.8 sq mi
ZIP Area
84
Density / Sq Mi
$55,349
Median Household Income
$35,816
Median Earnings
$991
Median Rent
$162,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cannon AFB | — | — |
| Texico | — | — |
| Farwell | — | — |
| Pleasant Hill | — | — |
Commercial property in Clovis, NM asks $214/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Clovis?
Commercial property in Clovis, NM asks an average of $214 per square foot.
How much does it cost to lease commercial space in Clovis?
Asking lease rates in Clovis, NM average $11.05 per square foot per year.
What zoning applies to commercial property in Clovis?
Clovis, NM zones 9,832 acres across 8 districts, of which 25.8% is commercial and 11.6% industrial. The largest single district is Residential Single Family 7 at 39.4% of zoned land. Residential zoning covers 56.4% and open space 0%.
Where does Realmo's Clovis market data come from?
Realmo compiles Clovis, NM figures from 137 active sale listings, 7 active lease listings, 298 tracked off-market properties, the current Clovis zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 137 active for-sale and 7 active for-lease listings in Clovis, NM. 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: 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 August 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 August 2026 · report a data issue
