Commercial Real Estate Market in El Paso, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
1,596 active listings and 15,318 off-market properties in El Paso, TX. Commercial property asks $48/SF to buy and $22.37/SF/Yr to lease. Industrial vacancy runs 12.8%, the loosest of the segments tracked here.
Market Trends
El Paso, TX spans 921.2 square miles in El Paso County, Texas. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in El Paso, TX runs 9.3% in 2025, up from 4.8% in 2019. Down from a 2024 peak of 11.6%.
Vacancy Rate %
Retail
Retail vacancy in El Paso, TX runs 3.9% in 2025, down from 6.3% in 2020.
Vacancy Rate %
Industrial
Industrial vacancy in El Paso, TX runs 12.8% in 2025, up from 6.4% in 2019. Nearly 4.7x the 2022 low of 2.7%.
Vacancy Rate %
Multifamily
Multifamily space in El Paso, TX asks $135/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
El Paso, TX has 826,474 residents in 309,309 households. Density runs 897 people per square mile. Median household income here is $60,249 and median gross rent $1,109 a month.
826,474
Population
309,309
Households
2.7
Avg Household Size
34
Median Age
26%
College-Educated
81%
High-School Grad
921.2 sq mi
ZIP Area
897
Density / Sq Mi
$60,249
Median Household Income
$34,240
Median Earnings
$1,109
Median Rent
$172,261
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in El Paso?
Commercial property in El Paso, TX asks an average of $48 per square foot. Multifamily carries the highest asking price at $135/SF.
How much does it cost to lease commercial space in El Paso?
Asking lease rates in El Paso, TX average $22.37 per square foot per year.
What is the office vacancy rate in El Paso?
Office vacancy in El Paso, TX is 9.3% as of 2025, up from 4.8% in 2019. Retail vacancy is 3.9%, below Office vacancy.
Which property type has the lowest vacancy in El Paso?
Retail has the lowest vacancy in El Paso, TX at 3.9%, inside a 3.3–6.3% band since 2020. For comparison: office 9.3%, industrial 12.8% and multifamily 11.3% (South).
Where does Realmo's El Paso market data come from?
Realmo compiles El Paso, TX figures from 1,199 active sale listings, 397 active lease listings, 15,318 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1,199 active for-sale and 397 active for-lease listings in El Paso, 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 30 September 2026 — not today — is the honest last update.
- Known limitations
- multifamily 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 30 September 2026 · How Realmo checks market page data · Report a data issue
