Commercial Real Estate Market in Temple, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
533 active listings and 3,285 off-market properties in Temple, TX. Commercial property asks $134/SF to buy and $11.34/SF/Yr to lease.
Market Trends
Temple, TX spans 207.3 square miles in Bell County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Temple, TX asks $157/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 Temple, TX asks $143/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 Temple, 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 Temple, TX asks $126/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
- Agricultural 35.2%
- Residential 26.6%
- Industrial 19.7%
- Commercial 10.6%
- Planned_development 1.8%
- Mixed use 0.5%
- Civic 0.1%
Largest Zones share of zoned land by district
Agricultural
Light Industrial
Single Family Dwelling 1
Single Family Dwelling 2
General Retail
Market overview
Demographics & Economy
Temple, TX has 88,966 residents in 37,863 households. Density runs 429 people per square mile. Median household income here is $66,479 and median gross rent $1,225 a month.
88,966
Population
37,863
Households
2.3
Avg Household Size
37
Median Age
29%
College-Educated
88%
High-School Grad
207.3 sq mi
ZIP Area
429
Density / Sq Mi
$66,479
Median Household Income
$40,865
Median Earnings
$1,225
Median Rent
$207,966
Median Home Value
Tools
Lease vs Buy Breakeven
At $11.34/SF/Yr lease vs $134/SF buy → buying wins if held > 2 years.
The comparison uses county-wide sale comps against Temple asking rents, so the implied 8.5% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. 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 |
|---|---|---|
| Belton | $134 (county avg) | $6.30 |
| Morgans Point | $134 (county avg) | — |
| Pendleton | $134 (county avg) | — |
| Heidenheimer | $134 (county avg) | — |
Commercial property in Temple, TX asks $134/SF. The 4 bordering markets run from $134/SF in Belton to $134/SF in Belton, and the city sits in line with their $134/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Temple?
Commercial property in Temple, TX asks an average of $134 per square foot. Office carries the highest asking price at $157/SF.
How much does it cost to lease commercial space in Temple?
Asking lease rates in Temple, TX average $11.34 per square foot per year.
Is it cheaper to lease or buy commercial space in Temple?
Buying beats leasing in Temple, TX if the property is held longer than 2.0 years, comparing $11.34/SF/Yr asking rent with $134/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.
How does Temple compare to nearby markets on price?
Temple, TX asks $134/SF against $134/SF in Belton, $134/SF in Morgans Point, $134/SF in Pendleton and $134/SF in Heidenheimer.
Where does Realmo's Temple market data come from?
Realmo compiles Temple, TX figures from 450 active sale listings, 83 active lease listings, 3,285 tracked off-market properties, the current Temple zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 450 active for-sale and 83 active for-lease listings in Temple, 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.
- Zoning and land use
- The current municipal zoning release: 47,433 zoned acres across 34 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
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, 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
