Commercial Real Estate Market in Dripping Springs, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
195 active listings and 472 off-market properties in Dripping Springs, TX. Commercial property asks $628/SF to buy and $25.19/SF/Yr to lease.
Market Trends
Dripping Springs, TX spans 175.6 square miles in Hays County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Dripping Springs, TX asks $284/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail vacancy in Dripping Springs, TX runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Dripping Springs, 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 space in Dripping Springs, TX asks $179/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Dripping Springs, TX has 20,493 residents in 7,929 households. Density runs 117 people per square mile. Median household income here is $146,551 and median gross rent $1,674 a month.
20,493
Population
7,929
Households
2.6
Avg Household Size
43
Median Age
62%
College-Educated
97%
High-School Grad
175.6 sq mi
ZIP Area
117
Density / Sq Mi
$146,551
Median Household Income
$58,583
Median Earnings
$1,674
Median Rent
$624,800
Median Home Value
Tools
Lease vs Buy Breakeven
At $25.19/SF/Yr lease vs $628/SF buy → buying wins if held > 20.1 years.
At a 4% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dripping Spgs | — | $25.19 |
| Driftwood | — | — |
| Henly | — | — |
| Circleville | — | — |
Commercial property in Dripping Springs, TX asks $628/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Dripping Springs?
Commercial property in Dripping Springs, TX asks an average of $628 per square foot. Office carries the highest asking price at $284/SF.
How much does it cost to lease commercial space in Dripping Springs?
Asking lease rates in Dripping Springs, TX average $25.19 per square foot per year.
Is it cheaper to lease or buy commercial space in Dripping Springs?
Buying beats leasing in Dripping Springs, TX if the property is held longer than 20.1 years, comparing $25.19/SF/Yr asking rent with $628/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Dripping Springs market data come from?
Realmo compiles Dripping Springs, TX figures from 158 active sale listings, 37 active lease listings, 472 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 158 active for-sale and 37 active for-lease listings in Dripping Springs, 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.
- 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
