Commercial Real Estate Market in Waco, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
738 active listings and 6,754 off-market properties in Waco, TX. Commercial property asks $34/SF to buy and $15.28/SF/Yr to lease.
Market Trends
Waco, TX spans 314.6 square miles in McLennan County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Waco, 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 Waco, TX runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Waco, 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 Waco, TX asks $155/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 68.5%
- Industrial 12.8%
- Commercial 12.5%
- Planned_development 2.8%
- Civic 0.4%
Largest Zones share of zoned land by district
Single Family Residence District
Light Industrial District
Office Residence District
General Commercial District
Two Family Residence District
Waco, TX zones 59,035 acres across 22 districts. Commercial zoning covers 12.5% of zoned land, residential 68.5% and industrial 12.8%. The largest single district is Single Family Residence District at 62.1%. For commercial buyers the practical constraint is that only 25.3% of land carries a commercial or industrial designation.
Single Family Residence District (R-1B)
Urban Residential R-1B, R-1C, R-2, O-3 subject to certain criteria Medium Density Residential Office Flex O-1, O-3, R-2, R-3A, R-3B, R- 3C Office Industrial Flex O-1, O-2, O-3, C-1, C-2, M-1 Mixed Use Flex R-3C, R-3D, R-3E, O-1, O-2, O- 3, C-1, C-2, C-4 on Elm. Ave. only Mixed Use Core R-3D, R-3E, O-2, C-2, C-4 Industrial M-2 Institutional O-2 Open Space R-E…
Market overview
Demographics & Economy
Waco, TX has 189,612 residents in 79,615 households. Density runs 603 people per square mile. Median household income here is $56,963 and median gross rent $1,092 a month.
189,612
Population
79,615
Households
2.4
Avg Household Size
33
Median Age
27%
College-Educated
86%
High-School Grad
314.6 sq mi
ZIP Area
603
Density / Sq Mi
$56,963
Median Household Income
$34,782
Median Earnings
$1,092
Median Rent
$194,567
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bellmead | — | — |
| Beverly Hills | — | — |
| Woodway | — | $11.67 |
| Lacy Lakeview | — | — |
Commercial property in Waco, TX asks $34/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Waco?
Commercial property in Waco, TX asks an average of $34 per square foot. Multifamily carries the highest asking price at $155/SF.
How much does it cost to lease commercial space in Waco?
Asking lease rates in Waco, TX average $15.28 per square foot per year.
What zoning applies to commercial property in Waco?
Waco, TX zones 59,035 acres across 22 districts, of which 12.5% is commercial and 12.8% industrial. The largest single district is Single Family Residence District at 62.1% of zoned land. Urban Residential R-1B, R-1C, R-2, O-3 subject to certain criteria Medium Density Residential Office Flex O-1, O-3, R-2, R-3A, R-3B, R- 3C Office Industrial Flex O-1, O-2, O-3, C-1, C-2, M-1 Mixed Use Flex R-3C, R-3D, R-3E, O-1, O-2, O- 3, C-1, C-2, C-4 on Elm. Ave. only Mixed Use Core R-3D, R-3E, O-2, C-2, C-4 Industrial M-2 Institutional O-2 Open Space R-E… Residential zoning covers 68.5% and open space 0%.
Where does Realmo's Waco market data come from?
Realmo compiles Waco, TX figures from 608 active sale listings, 130 active lease listings, 6,754 tracked off-market properties, the current Waco zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 608 active for-sale and 130 active for-lease listings in Waco, 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: 59,035 zoned acres across 22 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
