Commercial Real Estate Market in Irving, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
373 active listings and 5,167 off-market properties in Irving, TX. Commercial property asks $123/SF to buy and $16.96/SF/Yr to lease.
Market Trends
Irving, TX spans 67.8 square miles in Dallas County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Irving, TX runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Irving, TX asks $208/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Irving, 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 Irving, 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
- Residential 35.2%
- Agricultural 18.7%
- Planned_development 14.4%
- Commercial 13%
- Industrial 10.7%
- Mixed use 0.6%
Largest Zones share of zoned land by district
Agricultural District
Single Family Residential
Planned Unit Development
Single Family Residential
Community Commercial
Agricultural District (AG)
In an AG agricultural district no land shall be used and no building shall be erected for or converted to any use other than: a) Principal uses: The following uses shall be permitted as principal uses subject to the limitations indicated: 1) Government buildings and uses. 2) Agriculture, including any customary agricultural building and structure, and such u…
Market overview
Demographics & Economy
Irving, TX has 258,344 residents in 101,861 households. Density runs 3,808 people per square mile. Median household income here is $79,747 and median gross rent $1,474 a month.
258,344
Population
101,861
Households
2.5
Avg Household Size
33
Median Age
40%
College-Educated
80%
High-School Grad
67.8 sq mi
ZIP Area
3,808
Density / Sq Mi
$79,747
Median Household Income
$49,796
Median Earnings
$1,474
Median Rent
$336,491
Median Home Value
Tools
Lease vs Buy Breakeven
At $16.96/SF/Yr lease vs $123/SF buy → buying wins if held > 0.8 years.
At a 13.8% 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 |
|---|---|---|
| Euless | — | $17.56 |
| Coppell | — | $19.67 |
| Grand Prairie | — | $15.37 |
| Grapevine | — | $38.39 |
Commercial property in Irving, TX asks $123/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Irving?
Commercial property in Irving, TX asks an average of $123 per square foot. Retail carries the highest asking price at $208/SF.
How much does it cost to lease commercial space in Irving?
Asking lease rates in Irving, TX average $16.96 per square foot per year.
Is it cheaper to lease or buy commercial space in Irving?
Buying beats leasing in Irving, TX if the property is held longer than 0.8 years, comparing $16.96/SF/Yr asking rent with $123/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 Irving market data come from?
Realmo compiles Irving, TX figures from 123 active sale listings, 250 active lease listings, 5,167 tracked off-market properties, the current Irving zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 123 active for-sale and 250 active for-lease listings in Irving, 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: 40,754 zoned acres across 46 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
