Commercial Real Estate Market in Texas
Texas has 23,205 active for-sale listings and 16,698 active for-lease listings. Statewide, the median asking price is $153/SF and the median asking rent is $18.72/SF/Yr as of November 2026. Realmo tracks 313 city markets here; among the 156 with enough listings to rank, median asking prices range from $57/SF in Borger to $450/SF in Dripping Springs.
- Median asking price
- $153/SF
- Median asking rent
- $18.72/SF/Yr
- For-sale listings
- 23,205
- For-lease listings
- 16,698
- City markets
- 313
Highest- and Lowest-Priced Markets
Asking prices vary across Texas: the median in Dripping Springs is $450/SF, 7.9x the $57/SF median in Borger. The figures below are median asking prices from live listings, not closed sales.
Asking Prices
The highest median asking prices are in Dripping Springs at $450/SF, Hempstead at $426/SF and Montgomery at $417/SF. The lowest median asking prices are in Borger at $57/SF, Pampa at $58/SF and Athens at $60/SF. 80 of 156 ranked markets have median asking prices above the statewide $153/SF.
Asking Rents
The highest median asking rents are in Celina at $35.00/SF/Yr, Georgetown at $35.00/SF/Yr and McKinney at $32.50/SF/Yr. The lowest median asking rents are in Terrell at $10.00/SF/Yr, Rio Grande City at $12.00/SF/Yr and Brownsville at $12.00/SF/Yr. 27 of 74 ranked markets have median asking rents above the statewide $18.72/SF/Yr.
Texas vs. Neighboring States
The median asking price in Texas is $153/SF, above the $119/SF median of its 4 neighboring states. By median asking price, the state ranks 2nd of 5 in the group; New Mexico is highest at $182/SF and Louisiana lowest at $115/SF. The median asking rent is $18.72/SF/Yr, compared with $16.13/SF/Yr in Louisiana, $19.00/SF/Yr in Arkansas and $15.00/SF/Yr in Oklahoma next door. The statewide median asking price is below the U.S. median of $178/SF.
| State | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr | For-Sale Listings | For-Lease Listings |
|---|---|---|---|---|
| Texas | $153 | $18.72 | 23,205 | 16,698 |
| Arkansas | $122 | $19.00 | 5,002 | 2,405 |
| Louisiana | $115 | $16.13 | 5,158 | 3,667 |
| New Mexico | $182 | $17.25 | 1,845 | 733 |
| Oklahoma | $115 | $15.00 | 3,858 | 1,597 |
| United States | $178 | $18.28 | 265,785 | 185,367 |
A dash means fewer than 10 listings with a usable price.
Commercial Real Estate Markets in Texas
Realmo tracks 313 city markets in Texas; the 40 with the most active listings are listed below. Houston leads with 2,536 active listings, followed by San Antonio and Dallas.
| City | Active Listings | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|---|
| Houston | 2,536 | $180 | $18.00 |
| San Antonio | 2,164 | $167 | $18.00 |
| Dallas | 1,941 | $225 | $18.00 |
| Austin | 1,701 | $302 | $27.00 |
| Fort Worth | 1,117 | $178 | $18.00 |
| El Paso | 910 | $148 | $16.00 |
| Lubbock | 806 | $107 | $15.55 |
| McAllen | 744 | $135 | $24.00 |
| Edinburg | 549 | $119 | $25.92 |
| Corpus Christi | 513 | $136 | $20.40 |
| Killeen | 470 | $119 | $16.20 |
| Odessa | 467 | $126 | $18.20 |
| Plano | 402 | $329 | $24.96 |
| Amarillo | 393 | $115 | $15.14 |
| Arlington | 383 | $195 | $18.00 |
| McKinney | 378 | $345 | $32.50 |
| Tyler | 373 | $140 | $16.00 |
| Midland | 352 | $180 | $19.00 |
| Abilene | 348 | $126 | $14.94 |
| Waco | 324 | $159 | $15.00 |
| Irving | 315 | — | $16.00 |
| Frisco | 311 | $414 | $32.16 |
| Mission | 305 | $117 | $16.49 |
| Lewisville | 277 | $304 | $18.25 |
| Victoria | 267 | $99 | $15.00 |
| Pharr | 245 | $118 | $16.80 |
| Denton | 243 | $185 | $16.00 |
| New Braunfels | 243 | $183 | $25.00 |
| Greenville | 235 | $319 | $13.58 |
| Weatherford | 225 | $248 | $15.00 |
| Temple | 220 | $116 | — |
| Sherman | 217 | $156 | $14.40 |
| Denison | 216 | $112 | $14.00 |
| Round Rock | 214 | $296 | $24.71 |
| Garland | 212 | $251 | $16.00 |
| Richardson | 212 | $222 | $18.25 |
| Harlingen | 210 | $130 | $13.84 |
| Brownsville | 207 | $161 | $12.00 |
| Spring | 187 | $185 | — |
| Carrollton | 185 | $276 | $13.46 |
Same method as the statewide figures. A dash means fewer than 10 listings with a usable price.
Frequently Asked Questions
What is the median price per square foot for commercial property in Texas?
How much does it cost to lease commercial space in Texas?
Which cities have the highest and lowest commercial property prices?
How do commercial property prices in Texas compare with neighboring states?
Which markets in Texas have the most active listings?
Where does Realmo's market data come from?
Methodology and Data Sources
- Listing coverage
- Asking figures come from 23,205 active for-sale and 16,698 active for-lease listings across Texas in Realmo's public listing index. They are asking prices, not closed-transaction prices. Sale and lease counts are separate and may overlap. Land listings are not counted. The medians are based on the 10,825 for-sale and 3,250 for-lease listings that state a price or rent per square foot.
- Asking prices and rents
- Prices are medians of each listing's asking price per square foot, so a few very high or very low listings do not skew them. Data-entry errors are left out, and a median is published only with at least 10 listings with a usable price. A listing with a price range can contribute both endpoints.
- Neighboring states
- Neighboring-state comparisons use the same method and the same snapshot for every state, plus the United States as a reference.
- City markets
- The city list includes cities with more than 3 active listings whose market page has enough data to publish, ordered by active listings, up to 40. The price ranking covers cities with at least 10 priced listings for each metric and leaves out a city more than three times above or below the statewide median. City counts and prices use the same method as the statewide figures, so the table compares like with like; a city's own market page uses its own method, so its figures can differ.
- Updates
- Statewide and neighboring-state figures refresh hourly and city figures daily. Last updated 6 November 2026.
