Commercial Real Estate Market in Southlake, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
113 active listings and 844 off-market properties in Southlake, TX. Commercial property asks $395/SF to buy and $22.75/SF/Yr to lease.
Market Trends
Southlake, TX spans 22.7 square miles in Tarrant County, Texas. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Southlake, TX has a median asking sale price of $390/SF (based on 8 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Typical asking range for active listings in Southlake, TX (the middle half): Lease $22.00–$24.00/SF/Yr (median $22.75/SF/Yr, 12 listings); Sale $385–$396/SF (median $390/SF, 8 listings).
Retail
Retail vacancy in Southlake, TX runs 5.4% across the South region in 2025, down from 7% in 2020.
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%.
Multifamily
Multifamily vacancy in Southlake, TX runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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
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.
Tools
Lease vs Buy Breakeven
At $22.75/SF/Yr lease vs $395/SF buy → buying wins if held > 6 years.
At a 5.8% 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 | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Grapevine | $362 | $22.00 |
| Roanoke | $317 | $31.00 |
| Bedford | $209 | $14.88 |
| Coppell | $322 | $16.50 |
Commercial property in Southlake, TX asks $395/SF. The 4 bordering markets run from $209/SF in Bedford to $362/SF in Grapevine, and the city sits above their $319/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Southlake?
How much does it cost to lease commercial space in Southlake?
Is it cheaper to lease or buy commercial space in Southlake?
How does Southlake compare to nearby markets on price?
Where does Realmo's Southlake market data come from?
Methodology & data sources
- Asking prices and medians
- There are 34 active for-sale and 79 active for-lease listings in Southlake, TX. The medians are based on 10 of the for-sale and 12 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
