El Paso Central Appraisal Market Trends for Commercial Property

The commercial property sector in El Paso County continues to expand, reflecting increased business activity and economic development. Growth in personal property (L1) and real property (F1) categories indicates a strong demand for commercial real estate.

Commercial Personal Property Market (Category L1)

In 2024, EPCAD recorded 26,136 commercial personal property accounts (Category L1), with a total market value of $6.26 billion.
The historical value of L1 properties has steadily increased, reflecting business growth across El Paso County.
Another subset, L2 properties, recorded 304 accounts with a total market value of $2.85 billion, further contributing to commercial expansion.

L1 Category includes all tangible personal property used for business operations, such as fixtures, equipment, and inventory. The rising value in this category highlights continued investment in commercial businesses.

Commercial Real Property Market (Category F1)

In 2024, EPCAD recorded 11,633 commercial real property accounts (Category F1) with a total market value of $12.54 billion.
Between 2022 and 2024, F1 property values rose from $9.67 billion to $12.54 billion, reflecting a $2.87 billion increase.
This steady rise highlights strong investment in commercial infrastructure and business expansion in the county.

F1 properties include land and improvements dedicated to sales, entertainment, and public services, such as retail stores, shopping centers, and office buildings.

Trends in New Commercial Property Developments

In 2024, EPCAD added 380 new F1 (Commercial Real Property) accounts, contributing $434.8 million in new market value.
New L1 (Commercial Personal Property) accounts increased by 66, adding $30 million in new market value.
These newly added properties reinforce the demand for commercial spaces and business facilities in El Paso County.

New property construction remains a key driver of market value growth in El Paso County, particularly in commercial sectors.

Commercial Property Value Growth Over Time

Between 2023 and 2024, total F1 property values increased by nearly $1.9 billion, reflecting continued business expansion.
L1 commercial property values also saw significant appreciation, rising in line with business growth and capital investment in the region.
These trends indicate that El Paso County’s commercial real estate market remains strong, with sustained demand for business and retail spaces.

The commercial property market in El Paso County has experienced consistent value appreciation, driven by new developments and rising property demand.

El Paso Central Appraisal Market Trends for Commercial Property