2484 Texas AveRate on request
Wichita Falls Commercial Real Estate Market
Wichita Falls CRE market data: 6 buildings, 884,200 SF of inventory, Multi-Family vacancy 6.0% and average asking rent $25.64/SF. Browse 6 live listings.
6Buildings tracked
884,200 SFInventory
6,287,797Population
3.6%Employment growth
6Live listings
1Submarkets
Wichita Falls fundamentals by property type
| Property type | Buildings | Inventory SF | Vacancy | Avg asking rent | Rent YoY | Avg cap rate | Avg $/SF |
|---|---|---|---|---|---|---|---|
| Multi-Family | 2 | 447,700 | 6.0% | $25.64 | -0.8% | 5.99% | $482 |
| Industrial | 1 | 284,900 | 40.4% | $9.98 | 2.2% | 7.20% | $200 |
| Medical | 1 | 71,700 | 0.0% | $39.38 | 1.6% | 6.45% | $129 |
| Office | 1 | 27,000 | 0.0% | $19.88 | 0.8% | 5.65% | $257 |
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 Wichita Falls listings
1810 N Loop 1604Rate on request
3539 S Padre Island Dr$39.38 – $47.94/SF/yr FS
Lone Star Square$9.98 – $12.15/SF/yr NNN
Pioneer SquareRate on request
Union Center$19.88 – $24.21/SF/yr FS
6 commercial properties are tracked in Wichita Falls, representing 884,200 SF of rentable building area, of which 147,300 SF is currently marketed as available.
Asking rents average $25.59 per square foot per year, the median marketed suite is 13,900 SF, and listings have been on market a median of 515 days.
The stock splits 2 Class A, 3 Class B, 1 Class C, with construction dates from 1937 to 1985 (median 1955).
Wichita Falls cities
Wichita Falls submarkets
Wichita Falls space by property type
Office for lease in Wichita FallsIndustrial for lease in Wichita FallsMulti-Family for lease in Wichita FallsMedical for lease in Wichita Falls
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 Wichita Falls commercial real estate market?
RealStarGlobal tracks 6 buildings totalling 884,200 SF across 4 property types in Wichita Falls.
What is the vacancy rate in Wichita Falls?
Multi-Family 6.0%; Industrial 40.4%; Medical 0.0%; Office 0.0%.
What are asking rents in Wichita Falls?
Multi-Family $25.64/SF/yr (-0.8% YoY); Industrial $9.98/SF/yr (2.2% YoY); Medical $39.38/SF/yr (1.6% YoY); Office $19.88/SF/yr (0.8% YoY).
What cap rates are assets trading at in Wichita Falls?
Multi-Family 5.99% at $482/SF; Industrial 7.20% at $200/SF; Medical 6.45% at $129/SF; Office 5.65% at $257/SF.
What are the submarkets of Wichita Falls?
Wichita Falls.
How many people live in the Wichita Falls market?
The Wichita Falls market has a population of 6,287,797 with employment growth of 3.6% year over year.
How do I get Wichita Falls lease and sale comparables?
Lease comps, sale comps, tenant rosters, loan maturities and owner records for Wichita Falls are in the RealStar, and available programmatically through the MCP server.