Commercial Real Estate Market in Socorro, NM
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
13 active listings and 40 off-market properties in Socorro, NM.
Market Trends
Socorro, NM spans 177.3 square miles in Socorro County, New Mexico. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Socorro, NM runs 20.8% across the West region in 2025, up from 11% in 2019.
Retail
Retail vacancy in Socorro, NM runs 5.8% across the West region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Socorro, 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%.
Multifamily
Multifamily vacancy in Socorro, 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 55.7%
- Commercial 16.7%
- Industrial 8.1%
Largest Zones share of zoned land by district
Socorro, NM zones 8,902 acres across 11 districts. Commercial zoning covers 16.7% of zoned land, residential 55.7% and industrial 8.1%. The largest single district is Residential Agriculture Undeveloped at 22.2%. For commercial buyers the practical constraint is that only 24.8% of land carries a commercial or industrial designation.
The RR District is a low-density semi rural residential zone comprised primarily of single family site-built homes, manufactured housing units, and mobile homes
Market overview
Demographics & Economy
Socorro, NM has 9,934 residents in 4,272 households. Density runs 56 people per square mile. Median household income here is $54,032 and median gross rent $676 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Socorro?
What zoning applies to commercial property in Socorro?
Where does Realmo's Socorro market data come from?
Methodology & data sources
- Asking prices and medians
- There are 11 active for-sale and 2 active for-lease listings in Socorro, NM. The sale median is based on 4 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: 8,902 zoned acres across 11 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
