Summit Place$9.77 – $11.89/SF/yr NNN
Midland-Odessa Commercial Real Estate Market
Midland-Odessa CRE market data: 18 buildings, 4,654,900 SF of inventory, Office vacancy 6.0% and average asking rent $22.95/SF. Browse 18 live listings.
18Buildings tracked
4,654,900 SFInventory
908,910Population
1.4%Employment growth
18Live listings
2Submarkets
Midland-Odessa fundamentals by property type
| Property type | Buildings | Inventory SF | Vacancy | Avg asking rent | Rent YoY | Avg cap rate | Avg $/SF |
|---|---|---|---|---|---|---|---|
| Office | 5 | 2,885,100 | 6.0% | $22.95 | 1.2% | 7.90% | $253 |
| Industrial | 3 | 901,400 | 19.0% | $9.52 | 0.4% | 6.54% | $549 |
| Retail | 5 | 553,100 | 4.8% | $37.82 | 1.9% | 7.53% | $169 |
| Medical | 2 | 111,200 | 7.8% | $28.74 | 4.1% | 6.62% | $211 |
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 Midland-Odessa listings
427 Burnet Rd$9.54 – $11.62/SF/yr NNN
Legacy Center$30.86 – $37.57/SF/yr FS
Summit Commons$39.95 – $48.63/SF/yr NNN
Pioneer Place$23.09 – $28.11/SF/yr FS
513 W 6th St$26.62 – $32.40/SF/yr FS
Pecos Center$41.73 – $50.80/SF/yr NNN
Capital Center$29.40 – $35.79/SF/yr NNN
Sterling Landing$9.24 – $11.25/SF/yr NNN
Metro CourtRate on request
1967 Ocean Dr$21.31 – $25.94/SF/yr FS
1319 Loop 250$39.12 – $47.62/SF/yr NNN
18 commercial properties are tracked in Midland-Odessa, representing 4,654,900 SF of rentable building area, of which 385,700 SF is currently marketed as available.
Asking rents average $28.82 per square foot per year, the median marketed suite is 20,000 SF, and listings have been on market a median of 416 days.
The stock splits 8 Class A, 8 Class B, 2 Class C, with construction dates from 1907 to 2017 (median 1971).
The most concentrated submarkets are Midland (11), Odessa (7).
Midland-Odessa cities
Midland-Odessa submarkets
Midland-Odessa space by property type
Office for lease in MidlandOffice for lease in OdessaIndustrial for lease in MidlandIndustrial for lease in OdessaRetail for lease in MidlandRetail for lease in OdessaMedical for lease in Midland
Nearby markets
New York CityDallas-Fort WorthAustinWashington DCHoustonRichmondSan AntonioNorthern New JerseyEl PasoBeaumontLaredoCorpus 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 Midland-Odessa commercial real estate market?
RealStarGlobal tracks 18 buildings totalling 4,654,900 SF across 4 property types in Midland-Odessa.
What is the vacancy rate in Midland-Odessa?
Office 6.0%; Industrial 19.0%; Retail 4.8%; Medical 7.8%.
What are asking rents in Midland-Odessa?
Office $22.95/SF/yr (1.2% YoY); Industrial $9.52/SF/yr (0.4% YoY); Retail $37.82/SF/yr (1.9% YoY); Medical $28.74/SF/yr (4.1% YoY).
What cap rates are assets trading at in Midland-Odessa?
Office 7.90% at $253/SF; Industrial 6.54% at $549/SF; Retail 7.53% at $169/SF; Medical 6.62% at $211/SF.
What are the submarkets of Midland-Odessa?
Midland, Odessa.
How many people live in the Midland-Odessa market?
The Midland-Odessa market has a population of 908,910 with employment growth of 1.4% year over year.
How do I get Midland-Odessa lease and sale comparables?
Lease comps, sale comps, tenant rosters, loan maturities and owner records for Midland-Odessa are in the RealStar, and available programmatically through the MCP server.