Commercial Property Landscape in the County of Hidalgo Texas

The commercial property market in Hidalgo County is continuously evolving, reflecting changes in economic growth. Understanding these metrics is essential for effectively navigating the county’s property landscape.

Commercial Property Overview in Hidalgo County

Hidalgo County’s commercial property sector plays a crucial role in the local economy, encompassing both real estate and business assets. With thousands of properties contributing to significant market value, these assets shape the commercial landscape.

  • Commercial Real Property includes 17,335 properties with a total market value of $10.7 billion.
  • Commercial Personal Property consists of 20,580 accounts, valued at $3.7 billion.
  • Diverse Business Assets range from office spaces to retail centres, impacting market trends and property tax assessments.

Commercial Real Estate Trends in McAllen-Edinburg-Mission, Hidalgo County

  • Hidalgo County has over 13,037 employer establishments and 221,390 total employees as of 2022, showing a 6.3% increase in employment.
  • Hidalgo County’s commercial real estate includes 17,335 commercial real property accounts with a total market value of $10.7 billion and 20,580 commercial personal property accounts valued at $3.7 billions
  • The average weekly wage in McAllen is $817, significantly lower than the U.S. average of $1,390, affecting commercial lease rates and property affordability

The McAllen-Edinburg-Mission metro area, a key economic hub in Hidalgo County, is witnessing significant activity in commercial real estate. Growth in employment, business expansion, and property values are shaping the market.

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