Commercial Real Estate Market in Penitas, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
45 active listings and 224 off-market properties in Penitas, TX. Commercial property asks $141/SF to buy and $8.09/SF/Yr to lease.
Market Trends
Penitas, TX spans 58.2 square miles in Hidalgo County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Penitas, 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 Penitas, 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 Penitas, 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 Penitas, 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
Market overview
Demographics & Economy
Penitas, TX has 13,901 residents in 3,362 households. Density runs 239 people per square mile. Median household income here is $48,205 and median gross rent $629 a month.
13,901
Population
3,362
Households
4.1
Avg Household Size
25
Median Age
6%
College-Educated
53%
High-School Grad
58.2 sq mi
ZIP Area
239
Density / Sq Mi
$48,205
Median Household Income
$21,962
Median Earnings
$629
Median Rent
$116,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Chihuahua | $141 (county avg) | — |
| La Joya | $141 (county avg) | — |
| Abram | $141 (county avg) | — |
| Curvitas | $141 (county avg) | — |
Commercial property in Penitas, TX asks $141/SF. The 4 bordering markets run from $141/SF in Chihuahua to $141/SF in Chihuahua, 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 Penitas?
Commercial property in Penitas, 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 Penitas?
Asking lease rates in Penitas, TX average $8.09 per square foot per year.
How does Penitas compare to nearby markets on price?
Penitas, TX asks $141/SF against $141/SF in Chihuahua, $141/SF in La Joya, $141/SF in Abram and $141/SF in Curvitas.
Where does Realmo's Penitas market data come from?
Realmo compiles Penitas, TX figures from 42 active sale listings, 3 active lease listings, 224 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 42 active for-sale and 3 active for-lease listings in Penitas, 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.
- 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
