Commercial Real Estate Market in Odessa, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
798 active listings and 6,274 off-market properties in Odessa, TX. Commercial property asks $103/SF to buy and $65.55/SF/Yr to lease.
Market Trends
Odessa, TX spans 507.3 square miles in Ector County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Odessa, TX asks $142/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 Odessa, TX asks $159/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 Odessa, 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 vacancy in Odessa, TX runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
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
Single Family Residence District 3
Light Industrial District
Future Development District
Light Commercial District 1
Special Dwelling 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.
Light Industrial District (LI)
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.
167,342
Population
69,466
Households
2.4
Avg Household Size
33
Median Age
17%
College-Educated
78%
High-School Grad
507.3 sq mi
ZIP Area
330
Density / Sq Mi
$71,725
Median Household Income
$46,656
Median Earnings
$1,213
Median Rent
$181,774
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Gardendale | — | — |
| Penwell | — | — |
| Goldsmith | — | — |
Commercial property in Odessa, TX asks $103/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Odessa?
Commercial property in Odessa, TX asks an average of $103 per square foot. Retail carries the highest asking price at $159/SF.
How much does it cost to lease commercial space in Odessa?
Asking lease rates in Odessa, TX average $65.55 per square foot per year.
What zoning applies to commercial property in Odessa?
Odessa, TX zones 29,576 acres across 90 districts, of which 15.7% is commercial and 13.8% industrial. The largest single district is Single Family Residence District 3 at 18.7% of zoned land. Residential zoning covers 45.6% and open space 0%.
Where does Realmo's Odessa market data come from?
Realmo compiles Odessa, TX figures from 641 active sale listings, 157 active lease listings, 6,274 tracked off-market properties, the current Odessa zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 641 active for-sale and 157 active for-lease listings in Odessa, 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: 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 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
