Commercial Real Estate Market in Shallowater, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
81 active listings and 146 off-market properties in Shallowater, TX. Commercial property asks $109/SF to buy and $10.00/SF/Yr to lease.
Market Trends
Shallowater, TX spans 108.1 square miles in Lubbock County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Shallowater, TX asks $158/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 Shallowater, TX asks $57/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 Shallowater, 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 Shallowater, TX asks $105/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
Shallowater, TX has 6,259 residents in 2,233 households. Density runs 58 people per square mile. Median household income here is $93,320 and median gross rent $1,138 a month.
6,259
Population
2,233
Households
2.8
Avg Household Size
36
Median Age
30%
College-Educated
88%
High-School Grad
108.1 sq mi
ZIP Area
58
Density / Sq Mi
$93,320
Median Household Income
$45,035
Median Earnings
$1,138
Median Rent
$201,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| New Deal | $109 (county avg) | — |
| Lubbock | $109 (county avg) | $22.85 |
| Wolfforth | $109 (county avg) | $8.43 |
| Idalou | $109 (county avg) | — |
Commercial property in Shallowater, TX asks $109/SF. The 4 bordering markets run from $109/SF in New Deal to $109/SF in New Deal, and the city sits in line with their $109/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Shallowater?
Commercial property in Shallowater, TX asks an average of $109 per square foot. Office carries the highest asking price at $158/SF.
How much does it cost to lease commercial space in Shallowater?
Asking lease rates in Shallowater, TX average $10.00 per square foot per year.
How does Shallowater compare to nearby markets on price?
Shallowater, TX asks $109/SF against $109/SF in New Deal, $109/SF in Lubbock, $109/SF in Wolfforth and $109/SF in Idalou.
Where does Realmo's Shallowater market data come from?
Realmo compiles Shallowater, TX figures from 79 active sale listings, 2 active lease listings, 146 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 79 active for-sale and 2 active for-lease listings in Shallowater, 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
