Commercial Real Estate Market in McAllen, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
751 active listings and 5,306 off-market properties in McAllen, TX. Commercial property asks $134/SF to buy and $24.00/SF/Yr to lease.
Market Trends
McAllen, TX spans 54.3 square miles in Hidalgo County, Texas. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in McAllen, TX asks $21.15/SF/Yr to lease; the median asking sale price is $171/SF. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Typical asking range for active listings in McAllen, TX (the middle half): Lease $20.99–$32.04/SF/Yr (median $26.16/SF/Yr, 116 listings); Sale $162–$218/SF (median $171/SF, 19 listings).
Retail
Retail space in McAllen, TX has a median asking sale price of $171/SF. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Typical asking range for active listings in McAllen, TX (the middle half): Lease $18.00–$31.01/SF/Yr (median $23.88/SF/Yr, 88 listings); Sale $123–$258/SF (median $171/SF, 27 listings).
Industrial
Industrial space in McAllen, TX has a median asking sale price of $150/SF (based on 6 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%.
Typical asking range for active listings in McAllen, TX (the middle half): Lease $14.06–$22.50/SF/Yr (median $18.00/SF/Yr, 22 listings).
Multifamily
Multifamily space in McAllen, TX has a median asking sale price of $128/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Typical asking range for active listings in McAllen, TX (the middle half): Sale $118–$145/SF (median $128/SF, 110 listings).
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 43.6%
- Agricultural 27.7%
- Industrial 15%
- Commercial 13.6%
- Mixed use 0%
Largest Zones share of zoned land by district
McAllen, TX zones 36,354 acres across 17 districts. Commercial zoning covers 13.6% of zoned land, residential 43.6% and industrial 15%. The largest single district is Single Family Residential at 34.7%. For commercial buyers the practical constraint is that only 28.6% of land carries a commercial or industrial designation.
Requirement ↓ A-O R-1 R-2 R-3 C-1 C-2 M-1 M-2 C-C I-1 I-2 General Allowed? NR NR NR ✓ ✓ NR ✓ Permit Required? ✓ ✓ ✓ ✓ ✓ ✓ ✓ Number per Storefront (max.) 1 1 1 1 1 1 1 Dimensions Sign Area (max.) 50 sf 50 sf 50 sf U U U U Features Electronic Message Center Changeable Copy Internal Illumination NR NR NR ✓ ✓ ✓ ✓ External Illumination…
Market overview
Demographics & Economy
McAllen, TX has 141,251 residents in 54,314 households. Density runs 2,599 people per square mile. Median household income here is $60,673 and median gross rent $1,062 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Pharr | $125 | $17.40 |
| Edinburg | $121 | $25.92 |
| San Juan | $133 | $24.00 |
| Mission | $119 | $16.79 |
Commercial property in McAllen, TX asks $134/SF. The 4 bordering markets run from $119/SF in Mission to $133/SF in San Juan, and the city sits above their $123/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in McAllen?
How much does it cost to lease commercial space in McAllen?
How does McAllen compare to nearby markets on price?
What zoning applies to commercial property in McAllen?
Where does Realmo's McAllen market data come from?
Methodology & data sources
- Asking prices and medians
- There are 350 active for-sale and 401 active for-lease listings in McAllen, TX. The medians are based on 169 of the for-sale and 210 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: 36,354 zoned acres across 17 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
