Killeen Market Overview: Key Metrics
The Killeen commercial real estate market in 2026 reflects a market shaped by Fort Cavazos, Killeen ISD, Seton Medical Center Harker Heights, Carl R. Darnall Army Medical Center, Texas A&M Central Texas. Here are the key metrics investors and borrowers should know:
- Multifamily Vacancy: 7.5% — above the national average as new supply is absorbed
- Industrial Vacancy: 7.8% — normalizing as speculative development is absorbed
- Office Vacancy: 14.5%
- Retail Vacancy: 8.5%
- Rent Growth: 4.5% year-over-year
- Job Growth: 1.6% — tracking near the national average
- Population Growth: 1.1% annually
- Median Asking Rent: $1,020
Multifamily Outlook in Killeen
Industrial & Logistics Market
Office & Retail Dynamics
Financing Landscape in Killeen
For borrowers in the Killeen-Temple area, current commercial mortgage rates range from 6.25% for agency multifamily to higher rates for transitional and value-add projects. Key factors that influence your rate include property type, leverage, sponsor experience, and asset location within the metro.
Top Submarkets to Watch
The Killeen metro features several distinct submarkets that present unique investment opportunities:
- Downtown Killeen
- Fort Hood
- Temple TX
- Belton
- Copperas Cove
- Waco
- Round Rock
- Georgetown TX
- Taylor TX
- Lampasas
- Burnet
- Marble Falls
Each of these submarkets has distinct characteristics in terms of tenant demand, development activity, and pricing. The top investment corridors in Killeen include Killeen Downtown, Harker Heights, Copperas Cove, Nolanville, Belton.
Investment Outlook: Killeen 2026
CLS CRE in Killeen
CLS CRE provides commercial mortgage brokerage services throughout the Killeen-Temple metropolitan area, with access to 1,000+ lenders including banks, life insurance companies, CMBS conduits, agency lenders, debt funds, and credit unions. Whether you're acquiring, refinancing, or developing commercial property in Killeen, our market expertise and lender relationships help you secure the most competitive terms available.
Explore our financing programs for Killeen:
- Bridge Loans in Killeen
- Permanent Loans in Killeen
- Construction Loans in Killeen
- Multifamily Financing in Killeen
- Industrial Financing in Killeen
- Retail Financing in Killeen
Trevor Damyan is a commercial mortgage broker at Commercial Lending Solutions with a background in structured finance at CBRE and Marcus and Millichap Capital Corporation. He specializes in bridge loans, construction financing, SBA programs, DSCR loans, and complex capital structures for investors and developers across all 50 states.
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