Commercial Real Estate Market in Amarillo, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
999 active listings and 6,784 off-market properties in Amarillo, TX. Commercial property asks $79/SF to buy and $15.47/SF/Yr to lease.
Market Trends
Amarillo, TX spans 692.0 square miles in Potter County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Amarillo, 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 Amarillo, TX runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Amarillo, 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 Amarillo, 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 37.9%
- Agricultural 21.3%
- Industrial 17.8%
- Commercial 15.4%
- Planned_development 7.5%
Largest Zones share of zoned land by district
Agricultural
Residential District 1
Light Industrial
Residential District 3
Residential District 2
Amarillo, TX zones 69,780 acres across 655 districts. Commercial zoning covers 15.4% of zoned land, residential 37.9% and industrial 17.8%. The largest single district is Agricultural at 21.1%. For commercial buyers the practical constraint is that only 33.2% of land carries a commercial or industrial designation.
Residential District 1 (R-1)
Schedule of Uses: A. Legend for Interpreting Schedule of Use ■ Designates use permitted in district indicated. □ Designates use prohibited in district indicated. S Indicates use may be approved as Specific Use Permit A R-1 R-2 R-3 MD-1 MD-2 MF-1 MF-2 MH O-1 O-2 NS GR LC CB HC I-1 I-2 PD Type Use SIC CODE Agricultural District Residential District-1 Residenti…
Market overview
Demographics & Economy
Amarillo, TX has 235,893 residents in 100,662 households. Density runs 341 people per square mile. Median household income here is $66,573 and median gross rent $1,074 a month.
235,893
Population
100,662
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
692 sq mi
ZIP Area
341
Density / Sq Mi
$66,573
Median Household Income
$40,532
Median Earnings
$1,074
Median Rent
$188,383
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bishop Hills | — | — |
| Palisades | — | — |
| Timbercreek Canyon | — | — |
| Canyon | — | — |
Commercial property in Amarillo, TX asks $79/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Amarillo?
Commercial property in Amarillo, TX asks an average of $79 per square foot.
How much does it cost to lease commercial space in Amarillo?
Asking lease rates in Amarillo, TX average $15.47 per square foot per year.
What zoning applies to commercial property in Amarillo?
Amarillo, TX zones 69,780 acres across 655 districts, of which 15.4% is commercial and 17.8% industrial. The largest single district is Agricultural at 21.1% of zoned land. Residential zoning covers 37.9% and open space 0%.
Where does Realmo's Amarillo market data come from?
Realmo compiles Amarillo, TX figures from 811 active sale listings, 188 active lease listings, 6,784 tracked off-market properties, the current Amarillo zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 811 active for-sale and 188 active for-lease listings in Amarillo, 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: 69,780 zoned acres across 655 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
