El Paso Market Report
El Paso commercial real estate market report — 10,121,000 SF tracked across 25 buildings, 39 sale comparables, 179 lease comparables and 25 loans with 11 maturing before 2029.
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 |
Recent sale comparables
| Date | Property | Type | Price | $/SF | Cap | Buyer |
|---|---|---|---|---|---|---|
| 2025-11-18 | 1468 Fredericksburg Rd | Industrial | $35.83M | $165.03 | 8.13% | Ironwood Capital Partners |
| 2025-04-09 | 3102 Main St | Industrial | $43.55M | $39.15 | 5.13% | Gulf Coast Realty Partners |
| 2025-03-26 | 679 N Stanton St | Flex | $10.26M | $88.10 | 8.51% | Pemberton Capital |
| 2025-01-26 | 3167 W University Dr | Industrial | $8.2M | $71.59 | 5.36% | Hill Country Capital |
| 2025-01-18 | 1394 Cedar Springs Rd | Industrial | $106.38M | $110.21 | 8.35% | Dunmore Equities |
| 2024-12-06 | 442 S Padre Island Dr | Industrial | $178.1M | $154.54 | 7.55% | Everline Real Estate |
| 2024-09-28 | 2180 Fannin St | Office | $11.62M | $183.60 | 5.76% | Brazos River Holdings |
| 2024-05-29 | 3745 Brazos St | Industrial | $6.2M | $121.04 | 5.57% | Thornfield Investments |
| 2024-04-12 | 1683 Mesa St | Office | $9.85M | $144.01 | 4.84% | Everline Real Estate |
| 2024-02-27 | 3102 Main St | Industrial | $49.89M | $44.85 | 5.38% | Westbrook Equities |
| 2023-11-08 | 3167 W University Dr | Industrial | $5.79M | $50.58 | 6.83% | Ironwood Capital Partners |
| 2023-06-24 | 1394 Cedar Springs Rd | Industrial | $92.02M | $95.32 | 7.74% | Hudson Gate Partners |
Debt and rollover exposure
25 loans totalling $1.55B are tracked against El Paso assets. 11 of them, representing $478.99M, mature before January 2029. Separately, 109 tracked leases covering 1,912,650 SF expire in the same window.
Weighted average coupon on tracked El Paso debt is 6.08% with average loan-to-value of 59.3%. See how to read a maturity schedule for the refinancing-gap method.
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).
Methodology
Fundamentals are computed from RealStarGlobal's tracked inventory for El Paso and re-cut on each build (2026-08-26). Sale and lease comparables are the tracked transaction set for assets in this market; loan records derive from recorded mortgages and tracked lender reporting. Property-level inventory in this demonstration dataset is RealStarGlobal sample data — live market activity, deal flow and news come from the Acquirepad CRE intelligence feed. Registry and GIS provenance per jurisdiction is set out in the data sourcing plan. Definitions follow the conventions described in why providers disagree about submarkets.