Commercial Real Estate Market in South Padre Island, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
165 active listings and 361 off-market properties in South Padre Island, TX. Commercial property asks $518/SF to buy and $21.49/SF/Yr to lease.
Market Trends
South Padre Island, TX spans 8.8 square miles in Cameron County, Texas. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in South Padre Island, TX asks $112/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 South Padre Island, TX asks $322/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 South Padre Island, 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 South Padre Island, TX asks $204/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
South Padre Island, TX has 2,479 residents in 5,895 households. Density runs 281 people per square mile. Median household income here is $61,357 and median gross rent $1,421 a month.
2,479
Population
5,895
Households
0.4
Avg Household Size
56
Median Age
53%
College-Educated
92%
High-School Grad
8.8 sq mi
ZIP Area
281
Density / Sq Mi
$61,357
Median Household Income
$36,843
Median Earnings
$1,421
Median Rent
$508,800
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in South Padre Island?
Commercial property in South Padre Island, TX asks an average of $518 per square foot. Retail carries the highest asking price at $322/SF.
How much does it cost to lease commercial space in South Padre Island?
Asking lease rates in South Padre Island, TX average $21.49 per square foot per year.
Where does Realmo's South Padre Island market data come from?
Realmo compiles South Padre Island, TX figures from 160 active sale listings, 5 active lease listings, 361 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 160 active for-sale and 5 active for-lease listings in South Padre Island, 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 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 30 September 2026 · report a data issue
