Commercial Real Estate Market in Greenville, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
207 active listings and 1,398 off-market properties in Greenville, TX. Commercial property asks $319/SF to buy and $15.12/SF/Yr to lease.
Market Trends
Greenville, TX spans 198.9 square miles in Hunt County, Texas. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Greenville, TX has a median asking sale price of $319/SF. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Greenville, TX has a median asking sale price of $243/SF (based on 6 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Greenville, TX has a median asking sale price of $243/SF (based on 4 listings). Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily space in Greenville, TX has a median asking sale price of $157/SF (based on 4 listings). Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 32.4%
- Agricultural 30.5%
- Industrial 22.7%
- Commercial 11.4%
- Planned_development 2.9%
- Mixed use 0.1%
Largest Zones share of zoned land by district
SF-3, SF-4, PH, SF-A), buildings may be erected to exceed the height limitation, provided that two (2) additional feet shall be added to the required side and rear Zoning Ordinance v Article V : Site Development Standards APPROVED MAY 27 , 2008 - Page 54 City of Greenville, Texas yard setbacks for each foot that such structures exceed the height limitation o…
Market overview
Demographics & Economy
Greenville, TX has 38,533 residents in 17,091 households. Density runs 194 people per square mile. Median household income here is $67,319 and median gross rent $1,284 a month.
Tools
Lease vs Buy Breakeven
At $15.12/SF/Yr lease vs $319/SF buy → buying wins if held > 12.2 years.
At a 4.7% 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.
Frequently Asked Questions
What is the median price per square foot for commercial property in Greenville?
How much does it cost to lease commercial space in Greenville?
Is it cheaper to lease or buy commercial space in Greenville?
Where does Realmo's Greenville market data come from?
Methodology & data sources
- Asking prices and medians
- There are 130 active for-sale and 77 active for-lease listings in Greenville, TX. The medians are based on 52 of the for-sale and 29 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 19,048 zoned acres across 19 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
