Sterling GatewayRate on request
Rio Grande Valley Commercial Real Estate Market
Rio Grande Valley CRE market data: 20 buildings, 3,501,200 SF of inventory, Office vacancy 22.6% and average asking rent $20.28/SF. Browse 20 live listings.
20Buildings tracked
3,501,200 SFInventory
5,045,903Population
2.3%Employment growth
20Live listings
2Submarkets
Rio Grande Valley fundamentals by property type
| Property type | Buildings | Inventory SF | Vacancy | Avg asking rent | Rent YoY | Avg cap rate | Avg $/SF |
|---|---|---|---|---|---|---|---|
| Office | 6 | 1,165,200 | 22.6% | $20.28 | 1.2% | 8.33% | $415 |
| Industrial | 3 | 1,102,200 | 15.2% | $9.65 | 2.0% | 7.94% | $214 |
| Multi-Family | 3 | 590,300 | 7.2% | $22.11 | 1.2% | 5.23% | $396 |
| Medical | 2 | 340,400 | 7.2% | $30.55 | -0.5% | 5.72% | $167 |
| Retail | 5 | 303,100 | 40.0% | $38.00 | -1.3% | 5.58% | $100 |
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 Rio Grande Valley listings
1294 McKinney Ave$8.22 – $10.01/SF/yr NNN
3386 Ocean Dr$18.43 – $22.44/SF/yr FS
1270 Memorial Dr$19.43 – $23.65/SF/yr FS
3778 Preston Rd$21.17 – $25.77/SF/yr FS
Meridian TowerRate on request
2384 Travis St$19.59 – $23.85/SF/yr FS
Pioneer Pavilion$33.53 – $40.82/SF/yr NNN
1710 San Felipe St$35.29 – $42.96/SF/yr NNN
2730 Domain Dr$28.09 – $34.19/SF/yr FS
1953 S Lamar Blvd$42.75 – $52.05/SF/yr NNN
Pecos Square$12.20 – $14.85/SF/yr NNN
20 commercial properties are tracked in Rio Grande Valley, representing 3,501,200 SF of rentable building area, of which 619,600 SF is currently marketed as available.
Asking rents average $27.84 per square foot per year, the median marketed suite is 16,100 SF, and listings have been on market a median of 361 days.
The stock splits 6 Class A, 8 Class B, 6 Class C, with construction dates from 1914 to 2023 (median 1975).
The most concentrated submarkets are McAllen (10), Brownsville (10).
Rio Grande Valley cities
Rio Grande Valley submarkets
Rio Grande Valley space by property type
Office for lease in McAllenOffice for lease in BrownsvilleIndustrial for lease in McAllenRetail for lease in McAllenRetail for lease in BrownsvilleMulti-Family for lease in BrownsvilleMedical for lease in McAllenMedical for lease in Brownsville
Nearby markets
New York CityDallas-Fort WorthAustinWashington DCHoustonRichmondSan AntonioNorthern New JerseyEl PasoBeaumontLaredoMidland-OdessaCorpus ChristiWaco-Temple
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 Rio Grande Valley commercial real estate market?
RealStarGlobal tracks 20 buildings totalling 3,501,200 SF across 5 property types in Rio Grande Valley.
What is the vacancy rate in Rio Grande Valley?
Office 22.6%; Industrial 15.2%; Multi-Family 7.2%; Medical 7.2%; Retail 40.0%.
What are asking rents in Rio Grande Valley?
Office $20.28/SF/yr (1.2% YoY); Industrial $9.65/SF/yr (2.0% YoY); Multi-Family $22.11/SF/yr (1.2% YoY); Medical $30.55/SF/yr (-0.5% YoY); Retail $38.00/SF/yr (-1.3% YoY).
What cap rates are assets trading at in Rio Grande Valley?
Office 8.33% at $415/SF; Industrial 7.94% at $214/SF; Multi-Family 5.23% at $396/SF; Medical 5.72% at $167/SF; Retail 5.58% at $100/SF.
What are the submarkets of Rio Grande Valley?
Brownsville, McAllen.
How many people live in the Rio Grande Valley market?
The Rio Grande Valley market has a population of 5,045,903 with employment growth of 2.3% year over year.
How do I get Rio Grande Valley lease and sale comparables?
Lease comps, sale comps, tenant rosters, loan maturities and owner records for Rio Grande Valley are in the RealStar, and available programmatically through the MCP server.