Commercial Real Estate Market in Odessa, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
391 active listings and 6,270 off-market properties in Odessa, TX. Commercial property asks $130/SF to buy and $18.07/SF/Yr to lease.
Market Trends
Odessa, TX spans 507.3 square miles in Ector County, Texas. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Odessa, TX has a median asking sale price of $150/SF. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Typical asking range for active listings in Odessa, TX (the middle half): Lease $12.00–$23.16/SF/Yr (median $16.00/SF/Yr, 13 listings); Sale $95.47–$181/SF (median $150/SF, 34 listings).
Retail
Retail space in Odessa, TX has a median asking sale price of $155/SF. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Typical asking range for active listings in Odessa, TX (the middle half): Lease $15.43–$24.50/SF/Yr (median $21.40/SF/Yr, 12 listings); Sale $93.30–$219/SF (median $155/SF, 28 listings).
Industrial
Industrial space in Odessa, TX has a median asking sale price of $122/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 Odessa, TX (the middle half): Lease $12.88–$19.38/SF/Yr (median $15.00/SF/Yr, 22 listings); Sale $79.44–$164/SF (median $122/SF, 59 listings).
Multifamily
Multifamily space in Odessa, TX has a median asking sale price of $142/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Typical asking range for active listings in Odessa, TX (the middle half): Sale $97.23–$176/SF (median $142/SF, 17 listings).
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 45.6%
- Commercial 15.7%
- Industrial 13.8%
- Planned_development 11.3%
- Civic 2.2%
Largest Zones share of zoned land by district
Odessa, TX zones 29,576 acres across 90 districts. Commercial zoning covers 15.7% of zoned land, residential 45.6% and industrial 13.8%. The largest single district is Single Family Residence District 3 at 18.7%. For commercial buyers the practical constraint is that only 29.5% of land carries a commercial or industrial designation.
No operation or use in an “LI” or “PD-I” industrial district or any district except the “HI” district shall cause, create or allow the emission for more than three minutes in any one hour of air contaminants which at the emission point or within the property are: (1) In excess of the levels specified for industrial or similar uses by the Texas Air Control Bo…
Market overview
Demographics & Economy
Odessa, TX has 167,342 residents in 69,466 households. Density runs 330 people per square mile. Median household income here is $71,725 and median gross rent $1,213 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Odessa?
How much does it cost to lease commercial space in Odessa?
What zoning applies to commercial property in Odessa?
Where does Realmo's Odessa market data come from?
Methodology & data sources
- Asking prices and medians
- There are 255 active for-sale and 136 active for-lease listings in Odessa, TX. The medians are based on 149 of the for-sale and 45 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: 29,576 zoned acres across 90 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
