Commercial Real Estate Market in Sherman, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
552 active listings and 1,839 off-market properties in Sherman, TX. Commercial property asks $72/SF to buy and $14.42/SF/Yr to lease.
Market Trends
Sherman, TX spans 192.5 square miles in Grayson County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Sherman, TX asks $149/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 Sherman, TX asks $182/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 Sherman, 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 Sherman, 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 62.9%
- Industrial 14.9%
- Planned_development 14.1%
- Commercial 8%
Largest Zones share of zoned land by district
Single Family Residential District
Planned Development District
Retail Business District
Residential Agricultural District
General Commercial District
Sherman, TX zones 30,846 acres across 18 districts. Commercial zoning covers 8% of zoned land, residential 62.9% and industrial 14.9%. The largest single district is Single Family Residential District at 47.6%. For commercial buyers the practical constraint is that only 22.9% of land carries a commercial or industrial designation.
Planned Development District (PD)
PD (planned development) district. § 14.02.001 Zoning districts established. The city is hereby divided into the following zoning districts. The use, height, area and other regulations as set out herein apply to each district. Additional regulations pertaining to each zoning district is located in article 14.04 (supplementary district regulations). The distr…
Market overview
Demographics & Economy
Sherman, TX has 52,188 residents in 22,719 households. Density runs 271 people per square mile. Median household income here is $63,052 and median gross rent $1,160 a month.
52,188
Population
22,719
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
89%
High-School Grad
192.5 sq mi
ZIP Area
271
Density / Sq Mi
$63,052
Median Household Income
$39,071
Median Earnings
$1,160
Median Rent
$213,821
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Whitewright | — | — |
| Tom Bean | — | — |
| Howe | — | — |
| Bells | — | — |
Commercial property in Sherman, TX asks $72/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Sherman?
Commercial property in Sherman, TX asks an average of $72 per square foot. Retail carries the highest asking price at $182/SF.
How much does it cost to lease commercial space in Sherman?
Asking lease rates in Sherman, TX average $14.42 per square foot per year.
What zoning applies to commercial property in Sherman?
Sherman, TX zones 30,846 acres across 18 districts, of which 8% is commercial and 14.9% industrial. The largest single district is Single Family Residential District at 47.6% of zoned land. Residential zoning covers 62.9% and open space 0%.
Where does Realmo's Sherman market data come from?
Realmo compiles Sherman, TX figures from 461 active sale listings, 91 active lease listings, 1,839 tracked off-market properties, the current Sherman zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 461 active for-sale and 91 active for-lease listings in Sherman, 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: 30,846 zoned acres across 18 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
