Commercial Real Estate Market in Houston, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
2,809 active listings and 70,561 off-market properties in Houston, TX. Commercial property asks $180/SF to buy and $18.00/SF/Yr to lease. Office vacancy runs 24.8%, the loosest of the segments tracked here.
Market Trends
Houston, TX spans 830.7 square miles in Harris County, Texas. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Houston, TX asks $17.26/SF/Yr to lease; the median asking sale price is $211/SF. Vacancy runs 24.8% in 2025, up from 21.3% in 2019. Down from a 2022 peak of 26%.
Typical asking range for active listings in Houston, TX (the middle half): Lease $15.13–$23.38/SF/Yr (median $18.50/SF/Yr, 54 listings); Sale $165–$345/SF (median $211/SF, 18 listings).
Retail
Retail space in Houston, TX asks $19.44/SF/Yr to lease; the median asking sale price is $266/SF. Vacancy runs 6.6% in 2025, little changed from 6.9% in 2019. Down from a 2020 peak of 8.2%.
Typical asking range for active listings in Houston, TX (the middle half): Lease $18.00–$25.25/SF/Yr (median $19.05/SF/Yr, 23 listings); Sale $140–$798/SF (median $266/SF, 19 listings).
Industrial
Industrial space in Houston, TX has a median asking sale price of $123/SF. Vacancy runs 6% in 2025, down from 9.4% in 2019. Down from a 2020 peak of 10.7%.
Typical asking range for active listings in Houston, TX (the middle half): Lease $12.00–$18.00/SF/Yr (median $12.00/SF/Yr, 9 listings); Sale $95.76–$194/SF (median $123/SF, 18 listings).
Multifamily
Multifamily space in Houston, TX has a median asking sale price of $179/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Typical asking range for active listings in Houston, TX (the middle half): Sale $148–$204/SF (median $179/SF, 491 listings).
Market overview
Demographics & Economy
Houston, TX has 3,198,284 residents in 1,326,253 households. Density runs 3,850 people per square mile. Median household income here is $69,701 and median gross rent $1,338 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Houston?
How much does it cost to lease commercial space in Houston?
What is the office vacancy rate in Houston?
Which property type has the lowest vacancy in Houston?
Where does Realmo's Houston market data come from?
Methodology & data sources
- Asking prices and medians
- There are 1,613 active for-sale and 1,196 active for-lease listings in Houston, TX. The medians are based on 562 of the for-sale and 90 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.
- 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
- 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 31 October 2026 · How Realmo checks market page data · Report a data issue
