Commercial Real Estate Market in Galveston, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
406 active listings and 1,878 off-market properties in Galveston, TX.
Market Trends
Galveston, TX spans 42.6 square miles in Galveston County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Galveston, 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 Galveston, TX runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Galveston, 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 Galveston, 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
- Civic 47.7%
- Industrial 20.5%
- Residential 17.4%
- Mixed use 14.5%
Largest Zones share of zoned land by district
Residential Single Family
Heavy Industrial
Commercial And Mixed Use
Resort And Recreation
Light Industrial
Heavy Industrial (HI)
SEC. 1.313 INDUSTRIAL-HEAVY DISTRICT (HI) The HI district is intended to accommodate intense industrial uses plus certain other activities that require careful location to limit risks to public health and safety. SEC. 1.314 PLANNED UNIT DEVELOPMENT OVERLAY DISTRICT (PUD) The PUD is a floating zoning district intended to create a mixture of uses, density, and…
Market overview
Demographics & Economy
Galveston, TX has 55,894 residents in 37,513 households. Density runs 1,311 people per square mile. Median household income here is $58,299 and median gross rent $1,290 a month.
55,894
Population
37,513
Households
1.5
Avg Household Size
44
Median Age
34%
College-Educated
88%
High-School Grad
42.6 sq mi
ZIP Area
1,311
Density / Sq Mi
$58,299
Median Household Income
$37,148
Median Earnings
$1,290
Median Rent
$305,010
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Crystal Beach | — | — |
| Caplen | — | — |
| Gilchrist | — | — |
| Port Bolivar | — | — |
Commercial property in Galveston, TX asks $229/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Galveston?
Commercial property in Galveston, TX asks an average of $229 per square foot.
Where does Realmo's Galveston market data come from?
Realmo compiles Galveston, TX figures from 404 active sale listings, 2 active lease listings, 1,878 tracked off-market properties, the current Galveston zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 404 active for-sale and 2 active for-lease listings in Galveston, 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: 30,913 zoned acres across 12 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
