Commercial Real Estate Market in Mercedes, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
37 active listings and 839 off-market properties in Mercedes, TX. Commercial property asks $114/SF to buy (based on 7 listings) and $24.00/SF/Yr to lease (based on 4 listings).
Market Trends
Mercedes, TX spans 75.2 square miles in Hidalgo County, Texas. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Mercedes, TX runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Mercedes, TX runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Mercedes, TX 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 Mercedes, TX has a median asking sale price of $117/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
- Commercial 15.4%
- Civic 12.9%
- Residential 10.8%
- Industrial 8.5%
Largest Zones share of zoned land by district
Class “N” District shall include newly annexed territory until such time as it is zoned by the city planning and zoning commission and city commission. Until such zoning, newly annexed territory shall be subject to all the rules, regulations and restrictions herein provided with respect to Class “A” Single-Family Residence Districts. (b) Home occupations are…
Market overview
Demographics & Economy
Mercedes, TX has 32,950 residents in 10,701 households. Density runs 438 people per square mile. Median household income here is $39,890 and median gross rent $686 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Mercedes?
How much does it cost to lease commercial space in Mercedes?
Where does Realmo's Mercedes market data come from?
Methodology & data sources
- Asking prices and medians
- There are 21 active for-sale and 16 active for-lease listings in Mercedes, TX. The medians are based on 7 of the for-sale and 4 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: 7,492 zoned acres across 13 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
