Commercial Real Estate Market in Midland, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
806 active listings and 3,219 off-market properties in Midland, TX. Commercial property asks $53/SF to buy and $20.13/SF/Yr to lease.
Market Trends
Midland, TX spans 858.4 square miles in Midland County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Midland, TX asks $185/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Midland, TX asks $126/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 Midland, 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 space in Midland, TX asks $149/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 60.3%
- Planned_development 16.8%
- Commercial 14.6%
- Industrial 8.3%
Largest Zones share of zoned land by district
Agricultural Estate District
Planned Development District
Single Family Dwelling District
Single Family Dwelling District
Regional Retail District
Midland, TX zones 48,994 acres across 21 districts. Commercial zoning covers 14.6% of zoned land, residential 60.3% and industrial 8.3%. The largest single district is Agricultural Estate District at 24.7%. For commercial buyers the practical constraint is that only 22.9% of land carries a commercial or industrial designation.
Single Family Dwelling District (SF2)
Standards. f. See 6.05 Building Design Standards for Nonresidential Buildings. 2. Driveways a. Residential lots shall have concrete driveways. City of Midland: Zoning Ordinance Section 3: Zoning Districts Page 45 3.07. SF-2, Single-Family Dwelling District A. Purpose Statement This district is intended to provide for development of single-family detached dwe…
Market overview
Demographics & Economy
Midland, TX has 164,528 residents in 68,546 households. Density runs 192 people per square mile. Median household income here is $93,296 and median gross rent $1,304 a month.
164,528
Population
68,546
Households
2.4
Avg Household Size
33
Median Age
30%
College-Educated
86%
High-School Grad
858.4 sq mi
ZIP Area
192
Density / Sq Mi
$93,296
Median Household Income
$53,115
Median Earnings
$1,304
Median Rent
$295,347
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Stanton | — | — |
| Gardendale | — | — |
Commercial property in Midland, TX asks $53/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Midland?
Commercial property in Midland, TX asks an average of $53 per square foot. Office carries the highest asking price at $185/SF.
How much does it cost to lease commercial space in Midland?
Asking lease rates in Midland, TX average $20.13 per square foot per year.
What zoning applies to commercial property in Midland?
Midland, TX zones 48,994 acres across 21 districts, of which 14.6% is commercial and 8.3% industrial. The largest single district is Agricultural Estate District at 24.7% of zoned land. Residential zoning covers 60.3% and open space 0%.
Where does Realmo's Midland market data come from?
Realmo compiles Midland, TX figures from 671 active sale listings, 135 active lease listings, 3,219 tracked off-market properties, the current Midland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 671 active for-sale and 135 active for-lease listings in Midland, 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: 48,994 zoned acres across 21 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
