Commercial Real Estate Market in Mission, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
664 active listings and 3,265 off-market properties in Mission, TX. Commercial property asks $141/SF to buy and $14.56/SF/Yr to lease.
Market Trends
Mission, TX spans 142.2 square miles in Hidalgo County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Mission, TX asks $195/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 Mission, TX asks $164/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 Mission, 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 Mission, TX asks $111/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
- Agricultural 32.1%
- Residential 30%
- Planned_development 20.8%
- Commercial 8.1%
- Industrial 6.3%
- Civic 2.6%
Largest Zones share of zoned land by district
Interim Agricultural Use District
Planned Unit Development
Single Family Residential District
Light Industrial District
General Business District
Single Family Residential District (R-1)
Rezoning: being Lot 1, Laguna Oaks Subdivision Phase I, from (R-1) Single Family Residential District to (C-2) Neighborhood Commercial District; Approximate Location: The property is located at the Southeast corner of Mile One South and S. Inspiration Roads; REZ26-9 Ordinance: AN ORDINANCE AMENDING THE CITY OF MISSION CODE OF ORDINANCES APPENDIX A - ZONING,…
Market overview
Demographics & Economy
Mission, TX has 184,136 residents in 64,344 households. Density runs 1,295 people per square mile. Median household income here is $52,861 and median gross rent $870 a month.
184,136
Population
64,344
Households
2.9
Avg Household Size
31
Median Age
20%
College-Educated
66%
High-School Grad
142.2 sq mi
ZIP Area
1,295
Density / Sq Mi
$52,861
Median Household Income
$28,800
Median Earnings
$870
Median Rent
$128,443
Median Home Value
Tools
Lease vs Buy Breakeven
At $14.56/SF/Yr lease vs $141/SF buy → buying wins if held > 1.3 years.
The comparison uses county-wide sale comps against Mission asking rents, so the implied 10.3% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. 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 |
|---|---|---|
| Palmhurst | $141 (county avg) | — |
| Alton | $141 (county avg) | $6.56 |
| Abram | $141 (county avg) | — |
| Chihuahua | $141 (county avg) | — |
Commercial property in Mission, TX asks $141/SF. The 4 bordering markets run from $141/SF in Palmhurst to $141/SF in Palmhurst, and the city sits in line with their $141/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mission?
Commercial property in Mission, TX asks an average of $141 per square foot. Office carries the highest asking price at $195/SF.
How much does it cost to lease commercial space in Mission?
Asking lease rates in Mission, TX average $14.56 per square foot per year.
Is it cheaper to lease or buy commercial space in Mission?
Buying beats leasing in Mission, TX if the property is held longer than 1.3 years, comparing $14.56/SF/Yr asking rent with $141/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.
How does Mission compare to nearby markets on price?
Mission, TX asks $141/SF against $141/SF in Palmhurst, $141/SF in Alton, $141/SF in Abram and $141/SF in Chihuahua.
Where does Realmo's Mission market data come from?
Realmo compiles Mission, TX figures from 583 active sale listings, 81 active lease listings, 3,265 tracked off-market properties, the current Mission zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 583 active for-sale and 81 active for-lease listings in Mission, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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: 19,849 zoned acres across 18 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
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, 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
