Meridian Plaza$9.70 – $11.80/SF/yr NNN
El Paso Commercial Real Estate Market
El Paso CRE market data: 25 buildings, 10,121,000 SF of inventory, Industrial vacancy 4.0% and average asking rent $9.89/SF. Browse 25 live listings.
25Buildings tracked
10,121,000 SFInventory
686,327Population
2.1%Employment growth
25Live listings
2Submarkets
El Paso fundamentals by property type
| Property type | Buildings | Inventory SF | Vacancy | Avg asking rent | Rent YoY | Avg cap rate | Avg $/SF |
|---|---|---|---|---|---|---|---|
| Industrial | 13 | 8,280,300 | 4.0% | $9.89 | 2.3% | 6.20% | $549 |
| Office | 6 | 1,011,700 | 40.1% | $22.03 | 1.7% | 6.07% | $119 |
| Flex | 3 | 417,300 | 6.7% | $15.01 | 5.5% | 7.19% | $363 |
| Retail | 2 | 242,800 | 7.7% | $36.04 | 2.5% | 7.64% | $488 |
| Multi-Family | 1 | 168,900 | 8.8% | $26.03 | 1.4% | 6.38% | $217 |
Vacancy, asking rent and cap-rate series are maintained per market and property type and re-cut nightly. Full 12-quarter history, absorption and construction pipeline are in the RealStar.
Featured El Paso listings
1394 Cedar Springs Rd$9.45 – $11.51/SF/yr NNN
2226 Fredericksburg Rd$22.20 – $27.03/SF/yr FS
766 Andrews Hwy$18.04 – $21.96/SF/yr FS
2484 University Ave$15.55 – $18.93/SF/yr NNN
3745 Brazos St$10.02 – $12.20/SF/yr NNN
1510 Burnet Rd$10.28 – $12.51/SF/yr NNN
2199 Main St$32.84 – $39.98/SF/yr NNN
Heritage LandingRate on request
2347 San Felipe St$23.07 – $28.08/SF/yr FS
673 Louisiana St$11.91 – $14.50/SF/yr NNN
Enterprise Point$11.77 – $14.32/SF/yr NNN
25 commercial properties are tracked in El Paso, representing 10,121,000 SF of rentable building area, of which 800,100 SF is currently marketed as available.
Asking rents average $17.45 per square foot per year, the median marketed suite is 23,900 SF, and listings have been on market a median of 341 days.
The stock splits 8 Class A, 12 Class B, 5 Class C, with construction dates from 1912 to 2018 (median 1984).
The most concentrated submarkets are East El Paso Industrial (13), El Paso CBD (12).
El Paso cities
El Paso submarkets
El Paso space by property type
Office for lease in El PasoIndustrial for lease in El PasoRetail for lease in El PasoMulti-Family for lease in El PasoFlex for lease in El Paso
Nearby markets
New York CityDallas-Fort WorthAustinWashington DCHoustonRichmondSan AntonioNorthern New JerseyBeaumontLaredoMidland-OdessaCorpus ChristiWaco-TempleRio Grande Valley
Market fundamentals are RealStarGlobal analytics derived from tracked inventory. Transaction and news signals come from the Acquirepad CRE feed. Registry, assessor and GIS provenance for every jurisdiction is documented in the data sourcing plan.
Frequently asked questions
How large is the El Paso commercial real estate market?
RealStarGlobal tracks 25 buildings totalling 10,121,000 SF across 5 property types in El Paso.
What is the vacancy rate in El Paso?
Industrial 4.0%; Office 40.1%; Flex 6.7%; Retail 7.7%; Multi-Family 8.8%.
What are asking rents in El Paso?
Industrial $9.89/SF/yr (2.3% YoY); Office $22.03/SF/yr (1.7% YoY); Flex $15.01/SF/yr (5.5% YoY); Retail $36.04/SF/yr (2.5% YoY); Multi-Family $26.03/SF/yr (1.4% YoY).
What cap rates are assets trading at in El Paso?
Industrial 6.20% at $549/SF; Office 6.07% at $119/SF; Flex 7.19% at $363/SF; Retail 7.64% at $488/SF; Multi-Family 6.38% at $217/SF.
What are the submarkets of El Paso?
East El Paso Industrial, El Paso CBD.
How many people live in the El Paso market?
The El Paso market has a population of 686,327 with employment growth of 2.1% year over year.
How do I get El Paso lease and sale comparables?
Lease comps, sale comps, tenant rosters, loan maturities and owner records for El Paso are in the RealStar, and available programmatically through the MCP server.