RealStarGlobal.com

Commercial Real Estate Markets

Commercial real estate market data for 21 US markets and 34 countries — 1,095 buildings, 367,983,800 SF of tracked inventory, and asking rent, vacancy, rent growth and cap rates for every asset class in each.

21US markets
34Countries
1,095Buildings tracked
367,983,800 SFInventory
54Cities
100Submarkets
94,441,276Population covered
$23.88/SFBlended asking rent

Tracked inventory by market

Rentable building area across all asset classes

20.73M41.47M62.2M82.94MNew York City: 82.94M SFNew York City82.94MDallas-Fort Worth: 52.67M SFDallas-Fort Worth52.67MAustin: 35.8M SFAustin35.8MWashington DC: 35.46M SFWashington DC35.46MHouston: 33.86M SFHouston33.86MRichmond: 29.1M SFRichmond29.1MSan Antonio: 25.41M SFSan Antonio25.41MNorthern New Jersey: 21.75M SFNorthern New Jersey21.75MEl Paso: 10.12M SFEl Paso10.12MBeaumont: 5.67M SFBeaumont5.67MLaredo: 5.13M SFLaredo5.13MMidland-Odessa: 4.65M SFMidland-Odessa4.65MCorpus Christi: 3.86M SFCorpus Christi3.86MWaco-Temple: 3.61M SFWaco-Temple3.61MRio Grande Valley: 3.5M SFRio Grande Valley3.5MLubbock: 3.26M SFLubbock3.26MTyler-Longview: 3.08M SFTyler-Longview3.08MAmarillo: 2.81M SFAmarillo2.81MAbilene-San Angelo: 2.44M SFAbilene-San Angelo2.44MCollege Station: 1.97M SFCollege Station1.97MWichita Falls: 884,200 SFWichita Falls884,200
Inventory is the tracked set, not the whole built environment — coverage depth follows registry access, which differs by jurisdiction.
Show the ranking as data
MarketTracked inventory by market
New York City82.94M SF
Dallas-Fort Worth52.67M SF
Austin35.8M SF
Washington DC35.46M SF
Houston33.86M SF
Richmond29.1M SF
San Antonio25.41M SF
Northern New Jersey21.75M SF
El Paso10.12M SF
Beaumont5.67M SF
Laredo5.13M SF
Midland-Odessa4.65M SF
Corpus Christi3.86M SF
Waco-Temple3.61M SF
Rio Grande Valley3.5M SF
Lubbock3.26M SF
Tyler-Longview3.08M SF
Amarillo2.81M SF
Abilene-San Angelo2.44M SF
College Station1.97M SF
Wichita Falls884,200 SF

Asking rent against vacancy, by market

Each point is one market, blended across asset classes

7%$1415%$2322%$3129%$4037%$48Average asking rent ($/SF/yr)Vacancy (%)New York City — Average asking rent ($/SF/yr) $45, Vacancy (%) 14%New York CityDallas-Fort Worth — Average asking rent ($/SF/yr) $25, Vacancy (%) 20%Austin — Average asking rent ($/SF/yr) $27, Vacancy (%) 15%AustinWashington DC — Average asking rent ($/SF/yr) $28, Vacancy (%) 13%Washington DCHouston — Average asking rent ($/SF/yr) $24, Vacancy (%) 19%Richmond — Average asking rent ($/SF/yr) $23, Vacancy (%) 14%San Antonio — Average asking rent ($/SF/yr) $24, Vacancy (%) 12%Northern New Jersey — Average asking rent ($/SF/yr) $26, Vacancy (%) 17%El Paso — Average asking rent ($/SF/yr) $22, Vacancy (%) 13%Beaumont — Average asking rent ($/SF/yr) $15, Vacancy (%) 17%Laredo — Average asking rent ($/SF/yr) $16, Vacancy (%) 21%Midland-Odessa — Average asking rent ($/SF/yr) $25, Vacancy (%) 9%Corpus Christi — Average asking rent ($/SF/yr) $19, Vacancy (%) 11%Waco-Temple — Average asking rent ($/SF/yr) $20, Vacancy (%) 15%Rio Grande Valley — Average asking rent ($/SF/yr) $24, Vacancy (%) 18%Lubbock — Average asking rent ($/SF/yr) $23, Vacancy (%) 18%Tyler-Longview — Average asking rent ($/SF/yr) $21, Vacancy (%) 11%Amarillo — Average asking rent ($/SF/yr) $22, Vacancy (%) 23%AmarilloAbilene-San Angelo — Average asking rent ($/SF/yr) $26, Vacancy (%) 8%College Station — Average asking rent ($/SF/yr) $23, Vacancy (%) 34%College StationWichita Falls — Average asking rent ($/SF/yr) $24, Vacancy (%) 23%Wichita Falls
Two measures on one mark rather than two y-axes. Markets toward the upper right carry both high rents and high vacancy — usually recent delivery outpacing absorption.
Show the plot as data
MarketAverage asking rent ($/SF/yr)Vacancy (%)
New York City$4514%
Washington DC$2813%
Austin$2715%
Northern New Jersey$2617%
Abilene-San Angelo$268%
Midland-Odessa$259%
Dallas-Fort Worth$2520%
Houston$2419%
San Antonio$2412%
Rio Grande Valley$2418%
Wichita Falls$2423%
Lubbock$2318%
College Station$2334%
Richmond$2314%
El Paso$2213%
Amarillo$2223%
Tyler-Longview$2111%
Waco-Temple$2015%
Corpus Christi$1911%
Laredo$1621%
Beaumont$1517%

Year-over-year asking rent growth

Blended across asset classes

-4.6%-2.3%+2.3%+4.6%0Northern New Jersey: +4.6%Northern New Jersey+4.6%Dallas-Fort Worth: +3.4%Dallas-Fort Worth+3.4%Tyler-Longview: +3.4%Tyler-Longview+3.4%Laredo: +3.3%Laredo+3.3%Beaumont: +3.2%Beaumont+3.2%Washington DC: +3.0%Washington DC+3.0%San Antonio: +2.9%San Antonio+2.9%Houston: +2.9%Houston+2.9%Austin: +2.7%Austin+2.7%El Paso: +2.7%El Paso+2.7%Richmond: +2.2%Richmond+2.2%College Station: +2.2%College Station+2.2%Waco-Temple: +2.1%Waco-Temple+2.1%New York City: +2.0%New York City+2.0%Midland-Odessa: +1.9%Midland-Odessa+1.9%Abilene-San Angelo: +1.8%Abilene-San Angelo+1.8%Lubbock: +1.8%Lubbock+1.8%Amarillo: +1.5%Amarillo+1.5%Corpus Christi: +1.1%Corpus Christi+1.1%Wichita Falls: +1.0%Wichita Falls+1.0%Rio Grande Valley: +0.5%Rio Grande Valley+0.5%
Positive and negative get their own hue and their own side of the axis, so the sign survives greyscale printing and colour-blindness alike.
Show the ranking as data
MarketYear-over-year asking rent growth
Northern New Jersey+4.6%
Dallas-Fort Worth+3.4%
Tyler-Longview+3.4%
Laredo+3.3%
Beaumont+3.2%
Washington DC+3.0%
San Antonio+2.9%
Houston+2.9%
Austin+2.7%
El Paso+2.7%
Richmond+2.2%
College Station+2.2%
Waco-Temple+2.1%
New York City+2.0%
Midland-Odessa+1.9%
Abilene-San Angelo+1.8%
Lubbock+1.8%
Amarillo+1.5%
Corpus Christi+1.1%
Wichita Falls+1.0%
Rio Grande Valley+0.5%

Every market at a glance

MarketStateBuildings Inventory SFPopulationVacancy Avg rentRent YoYCap rate Listings
New York CityNew York19082,937,4002,191,39614.4%$45.492.0%6.60%190
Dallas-Fort WorthTexas15052,673,0007,552,91419.8%$24.743.4%6.70%150
AustinTexas11035,795,1006,492,85315.2%$26.852.7%6.64%110
Washington DCDistrict of Columbia13035,458,5006,258,01313.3%$27.893.0%6.36%130
HoustonTexas13033,855,3006,317,60119.2%$24.322.9%6.45%130
RichmondVirginia9029,098,3006,321,68213.7%$23.172.2%6.32%90
San AntonioTexas7025,410,9002,496,63112.1%$24.162.9%6.61%70
Northern New JerseyNew Jersey5521,752,7006,265,74217.3%$25.554.6%6.57%55
El PasoTexas2510,121,000686,32713.5%$21.802.7%6.70%25
BeaumontTexas105,670,3006,758,42717.4%$15.453.2%6.85%10
LaredoTexas125,134,6005,959,99020.8%$15.833.3%7.19%12
Midland-OdessaTexas184,654,900908,9109.4%$24.761.9%7.15%18
Corpus ChristiTexas153,861,1004,445,05911.5%$18.831.1%6.84%15
Waco-TempleTexas143,606,1003,179,93215.1%$20.032.1%6.47%14
Rio Grande ValleyTexas203,501,2005,045,90318.4%$24.120.5%6.56%20
LubbockTexas123,257,9003,593,06317.8%$23.341.8%7.05%12
Tyler-LongviewTexas123,079,9005,271,25710.6%$20.903.4%6.45%12
AmarilloTexas102,815,0005,262,62723.3%$21.711.5%7.02%10
Abilene-San AngeloTexas82,445,0001,415,7867.9%$25.501.8%6.06%8
College StationTexas81,971,4001,729,36634.5%$23.292.2%6.63%8
Wichita FallsTexas6884,2006,287,79723.2%$23.721.0%6.32%6

How to read these numbers

Every figure is computed from RealStarGlobal's tracked inventory for that market and re-cut on each build. Vacancy is space physically unoccupied; availability — space being marketed, including sublease and known future departures — leads it by two to four quarters and is the better early signal. Asking rent is a quote, not an achieved rent: in a soft market landlords discount through free rent and tenant improvement allowances long before the face rate moves, so net effective rent falls first. Cap rates are asking, computed from listed sale inventory rather than closed trades; closed sale comparables sit in each market's report.

Where a value is absent the cell is left empty rather than filled with an estimate. Multifamily carries no per-square-foot headline rent on the market record, so its rent figure is taken from the most recent non-forecast quarter of the series.

Cities

New York, NYAustin, TXHouston, TXSan Antonio, TXDallas, TXRichmond, VAWashington, DCFort Worth, TXEl Paso, TXNewark, NJHyattsville, MDDel Valle, TXFrisco, TXCorpus Christi, TXElizabeth, NJChester, VAPasadena, TXKaty, TXBethesda, MDAlexandria, VASugar Land, TXArlington, VAThe Woodlands, TXLubbock, TXLaredo, TXSecaucus, NJRound Rock, TXMidland, TXMidlothian, VAPlano, TXMcAllen, TXBrownsville, TXAmarillo, TXWaco, TXBeaumont, TXArlington, TXRichardson, TXForest Heights, MDGlen Allen, VACollege Station, TXMcLean, VASilver Spring, MDHoboken, NJMechanicsville, VAOdessa, TXTyler, TXJersey City, NJWichita Falls, TXLongview, TXSpringfield, VATemple, TXAbilene, TXSan Angelo, TXIrving, TX

Market reports

New York City reportDallas-Fort Worth reportAustin reportWashington DC reportHouston reportRichmond reportSan Antonio reportNorthern New Jersey reportEl Paso reportBeaumont reportLaredo reportMidland-Odessa reportCorpus Christi reportWaco-Temple reportRio Grande Valley reportLubbock reportTyler-Longview reportAmarillo reportAbilene-San Angelo reportCollege Station reportWichita Falls report

International markets

GermanyNorwayPolandUnited KingdomNetherlandsSpainFranceSwedenDenmarkItalyAustriaCzechiaIrelandSwitzerlandFinlandBelgiumRomaniaPortugalUnited StatesHungarySlovakiaLuxembourgCroatiaBulgariaMexicoEstoniaSaudi ArabiaCanadaSouth AfricaUnited Arab EmiratesAUGRLTSI

Frequently asked questions

How many markets does RealStarGlobal track?

21 US markets at property level — 1,095 buildings totalling 367,983,800 SF across 54 cities and 100 submarkets — plus live deal activity in 34 countries.

Which market has the highest asking rents?

New York City at $45.49 per square foot per year, blended across asset classes. The lowest is Beaumont at $15.45.

Which markets are growing fastest?

Northern New Jersey (4.6%), Dallas-Fort Worth (3.4%), Tyler-Longview (3.4%), Laredo (3.3%), Beaumont (3.2%). Slowest: Corpus Christi (1.1%), Wichita Falls (1.0%), Rio Grande Valley (0.5%).

What is a market, and what is a submarket?

A market is the metropolitan trade area a tenant or buyer would actually consider as one search. A submarket is a district inside it with its own rent level and tenant profile. Boundaries are editorial decisions and differ between data providers — why that matters.

How often is market data refreshed?

Fundamentals are re-cut on every build. Deal activity and news are live. Parcel and assessor records follow each jurisdiction's own publication cycle, documented in the data sourcing plan.

Can I compare these numbers with another provider's?

Compare the direction, not the level. Inventory thresholds, class definitions and sublease treatment differ between providers, so two credible sources routinely report different vacancy rates for the same place.