Commercial Real Estate Market in Palestine, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
51 active listings and 1,163 off-market properties in Palestine, TX.
Market Trends
Palestine, TX spans 514.1 square miles in Anderson County, Texas. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Palestine, TX has a median asking sale price of $103/SF (based on 4 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Palestine, TX has a median asking sale price of $74/SF (based on 5 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Palestine, TX has a median asking sale price of $79/SF (based on 4 listings). Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily space in Palestine, TX has a median asking sale price of $60/SF (based on 3 listings). Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 49.8%
- Commercial 24.2%
- Industrial 19.7%
- Mixed use 6.2%
Largest Zones share of zoned land by district
Palestine, TX zones 11,115 acres across 10 districts. Commercial zoning covers 24.2% of zoned land, residential 49.8% and industrial 19.7%. The largest single district is Mixed Residential at 28.2%. For commercial buyers the practical constraint is that only 43.9% of land carries a commercial or industrial designation.
Mixed residential (MR). The MR district is established to allow a mix of single-family, duplex, zero lot line, multifamily dwellings on lots 6,000 square feet or larger. This district is intended to provide high-density, mixed residential neighborhoods along with customary accessory uses.
Market overview
Demographics & Economy
Palestine, TX has 39,149 residents in 14,305 households. Density runs 76 people per square mile. Median household income here is $57,164 and median gross rent $1,062 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Palestine?
What zoning applies to commercial property in Palestine?
Where does Realmo's Palestine market data come from?
Methodology & data sources
- Asking prices and medians
- There are 32 active for-sale and 19 active for-lease listings in Palestine, TX. The sale median is based on 18 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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: 11,115 zoned acres across 10 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
