Midland Market Overview: Key Metrics
The Midland commercial real estate market in 2026 reflects a market shaped by Pioneer Natural Resources, Diamondback Energy, Permian Basin Royalty Trust, Midland Memorial Hospital, Schlumberger. Here are the key metrics investors and borrowers should know:
- Multifamily Vacancy: 4.5% — well below the national average, signaling tight supply conditions
- Industrial Vacancy: 5.8% — reflecting strong logistics and distribution demand
- Office Vacancy: 12.5%
- Retail Vacancy: 6.5%
- Rent Growth: 7.5% year-over-year
- Job Growth: 3.8% — outpacing the national average
- Population Growth: 2.1% annually
- Median Asking Rent: $1,450
Multifamily Outlook in Midland
Industrial & Logistics Market
Office & Retail Dynamics
Financing Landscape in Midland
For borrowers in the Midland area, current commercial mortgage rates range from 5.75% 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 Midland metro features several distinct submarkets that present unique investment opportunities:
- Downtown Midland
- North Midland
- South Midland
- Odessa
- Gardendale
- Garden City TX
- Andrews
- Stanton
- Big Spring
- Pecos
- Alpine
- Monahans
Each of these submarkets has distinct characteristics in terms of tenant demand, development activity, and pricing. The top investment corridors in Midland include Midland Downtown, West Midland, North Midland, Greenwood, Grassland.
Investment Outlook: Midland 2026
CLS CRE in Midland
CLS CRE provides commercial mortgage brokerage services throughout the Midland 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 Midland, our market expertise and lender relationships help you secure the most competitive terms available.
Explore our financing programs for Midland:
- Bridge Loans in Midland
- Permanent Loans in Midland
- Construction Loans in Midland
- Multifamily Financing in Midland
- Industrial Financing in Midland
- Retail Financing in Midland
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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