1202 Texas Ave$35.26 – $42.92/SF/yr NNN
Amarillo Commercial Real Estate Market
Amarillo CRE market data: 10 buildings, 2,815,000 SF of inventory, Industrial vacancy 79.4% and average asking rent $9.51/SF. Browse 10 live listings.
10Buildings tracked
2,815,000 SFInventory
5,262,627Population
1.5%Employment growth
10Live listings
1Submarkets
Amarillo fundamentals by property type
| Property type | Buildings | Inventory SF | Vacancy | Avg asking rent | Rent YoY | Avg cap rate | Avg $/SF |
|---|---|---|---|---|---|---|---|
| Industrial | 3 | 1,426,500 | 79.4% | $9.51 | 0.2% | 8.05% | $327 |
| Multi-Family | 3 | 818,300 | 6.9% | $22.96 | 2.5% | 5.49% | $369 |
| Office | 1 | 248,300 | 18.2% | $21.55 | 2.1% | 5.92% | $262 |
| Flex | 1 | 178,000 | 8.2% | $16.68 | 2.2% | 7.30% | $524 |
| Retail | 2 | 143,900 | 3.6% | $37.86 | 0.3% | 8.36% | $454 |
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 Amarillo listings
868 Cedar Springs RdRate on request
987 N Harwood StRate on request
3021 Westheimer Rd$40.45 – $49.25/SF/yr NNN
Concord Point$21.55 – $26.23/SF/yr FS
2277 Las Colinas Blvd$9.38 – $11.42/SF/yr NNN
Bluebonnet Pavilion$10.45 – $12.72/SF/yr NNN
Pecos LandingRate on request
Union Pavilion$8.69 – $10.58/SF/yr NNN
1829 Post Oak Blvd$16.68 – $20.31/SF/yr NNN
10 commercial properties are tracked in Amarillo, representing 2,815,000 SF of rentable building area, of which 1,253,800 SF is currently marketed as available.
Asking rents average $22.56 per square foot per year, the median marketed suite is 21,400 SF, and listings have been on market a median of 788 days.
The stock splits 4 Class A, 6 Class B, with construction dates from 1906 to 2022 (median 1998).
Amarillo cities
Amarillo submarkets
Amarillo space by property type
Office for lease in AmarilloIndustrial for lease in AmarilloRetail for lease in AmarilloMulti-Family for lease in AmarilloFlex for lease in Amarillo
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 Amarillo commercial real estate market?
RealStarGlobal tracks 10 buildings totalling 2,815,000 SF across 5 property types in Amarillo.
What is the vacancy rate in Amarillo?
Industrial 79.4%; Multi-Family 6.9%; Office 18.2%; Flex 8.2%; Retail 3.6%.
What are asking rents in Amarillo?
Industrial $9.51/SF/yr (0.2% YoY); Multi-Family $22.96/SF/yr (2.5% YoY); Office $21.55/SF/yr (2.1% YoY); Flex $16.68/SF/yr (2.2% YoY); Retail $37.86/SF/yr (0.3% YoY).
What cap rates are assets trading at in Amarillo?
Industrial 8.05% at $327/SF; Multi-Family 5.49% at $369/SF; Office 5.92% at $262/SF; Flex 7.30% at $524/SF; Retail 8.36% at $454/SF.
What are the submarkets of Amarillo?
Amarillo.
How many people live in the Amarillo market?
The Amarillo market has a population of 5,262,627 with employment growth of 1.5% year over year.
How do I get Amarillo lease and sale comparables?
Lease comps, sale comps, tenant rosters, loan maturities and owner records for Amarillo are in the RealStar, and available programmatically through the MCP server.