Commercial Real Estate Market in Southlake, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
196 active listings and 844 off-market properties in Southlake, TX. Commercial property asks $739/SF to buy and $24.71/SF/Yr to lease.
Market Trends
Southlake, TX spans 22.7 square miles in Tarrant County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Southlake, TX runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Southlake, TX runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Southlake, 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 Southlake, TX asks $211/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 39.4%
- Planned_development 22.3%
- Agricultural 18.9%
- Industrial 3.1%
- Commercial 2.8%
Largest Zones share of zoned land by district
Single Family Residential
Residential Planned Unit Development
Agricultural
Single Family Residential
Detailed Site Plan
Market overview
Demographics & Economy
Southlake, TX has 31,924 residents in 9,886 households. Density runs 1,409 people per square mile. Median household income here is $250,001 and median gross rent $3,501 a month.
31,924
Population
9,886
Households
3.2
Avg Household Size
42
Median Age
75%
College-Educated
99%
High-School Grad
22.7 sq mi
ZIP Area
1,409
Density / Sq Mi
$250,001
Median Household Income
$123,882
Median Earnings
$3,501
Median Rent
$956,200
Median Home Value
Tools
Lease vs Buy Breakeven
At $24.71/SF/Yr lease vs $739/SF buy → buying wins if held > 29.8 years.
At a 3.3% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Grapevine | — | $38.39 |
| Colleyville | — | — |
| Trophy Club | — | — |
| Westlake | — | — |
Commercial property in Southlake, TX asks $739/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Southlake?
Commercial property in Southlake, TX asks an average of $739 per square foot. Multifamily carries the highest asking price at $211/SF.
How much does it cost to lease commercial space in Southlake?
Asking lease rates in Southlake, TX average $24.71 per square foot per year.
Is it cheaper to lease or buy commercial space in Southlake?
Buying beats leasing in Southlake, TX if the property is held longer than 29.8 years, comparing $24.71/SF/Yr asking rent with $739/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Southlake market data come from?
Realmo compiles Southlake, TX figures from 108 active sale listings, 88 active lease listings, 844 tracked off-market properties, the current Southlake zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 108 active for-sale and 88 active for-lease listings in Southlake, 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: 12,901 zoned acres across 26 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
