Commercial Real Estate Market in Midland, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
327 active listings and 3,216 off-market properties in Midland, TX. Commercial property asks $175/SF to buy and $20.00/SF/Yr to lease.
Market Trends
Midland, TX spans 858.4 square miles in Midland County, Texas. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Midland, TX has a median asking sale price of $196/SF. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Typical asking range for active listings in Midland, TX (the middle half): Sale $143–$238/SF (median $196/SF, 27 listings).
Retail
Retail space in Midland, TX has a median asking sale price of $176/SF. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Typical asking range for active listings in Midland, TX (the middle half): Lease $25.00–$25.00/SF/Yr (median $25.00/SF/Yr, 9 listings); Sale $131–$352/SF (median $176/SF, 15 listings).
Industrial
Industrial space in Midland, TX has a median asking sale price of $193/SF. 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 Midland, TX (the middle half): Lease $16.81–$25.00/SF/Yr (median $19.50/SF/Yr, 14 listings); Sale $129–$228/SF (median $193/SF, 60 listings).
Multifamily
Multifamily space in Midland, TX has a median asking sale price of $152/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Typical asking range for active listings in Midland, TX (the middle half): Sale $126–$383/SF (median $152/SF, 12 listings).
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
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Midland?
How much does it cost to lease commercial space in Midland?
What zoning applies to commercial property in Midland?
Where does Realmo's Midland market data come from?
Methodology & data sources
- Asking prices and medians
- There are 192 active for-sale and 135 active for-lease listings in Midland, TX. The medians are based on 113 of the for-sale and 24 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: 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 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
