Penitas, TX Strip Malls for Lease
- Mission, TX
- Palmview, TX
- La Joya, TX
- Palmhurst, TX
- Alton, TX
- Mcallen, TX
- Edinburg, TX
- Hidalgo, TX
Strip malls for Lease in Nearby Cities
Similar Spaces for Sale in Penitas, TX
Penitas, TX Strip malls Lease Rates & Market Statistics
Explore 6 Strip malls for lease in Penitas, TX on Realmo, a commercial real estate exchange covering the Penitas area. The current inventory totals 27,264 square feet of properties.
Asking lease rates for Strip malls in Penitas start at $2.24 SF/Yr, average $2.29 SF/Yr, and reach $2.38 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $2.29 SF/Yr is 85% below the Texas state average of $15.25 SF/Yr.
Penitas accounts for 9% of the 68 strip malls currently available across Hidalgo County, where nearby markets include Edinburg and Mcallen. Strip malls make up 75% of the 8 Retail properties & Spaces currently for lease in Penitas, with asking rates averaging $2.29 SF/Yr — 45% below the citywide Retail properties & Spaces average of $4.16 SF/Yr. Tenants comparing options may also consider Storefront properties (5 listings) and Shopping centers (3 listings) elsewhere in the Penitas market.
