Commercial Property Trends in Ector County Appraisal District Odessa Tx

The commercial property market in Harris County Appraisal District is constantly evolving, reflecting shifts in economic growth.

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Allocation of Value in Ector County’s Commercial Real Estate

  • Apartments and retail properties dominate the commercial real estate market, making up 53% of the total value allocation.
  • Warehouses and office buildings contribute 34% to the overall commercial value in Ector County Appraisal.
  • Medical and hotel properties account for a smaller share, just 9%, in the total valuation.

These numbers highlight the key role that specific property types play in shaping the commercial landscape, with apartments and retail spaces leading the charge in Ector County Appraisal’s market evaluations.

Harris County Appraisal District Texas
Harris County Appraisal District Texas
Commercial-Property-Stats
COMMERCIAL VALUES

Trends in the Value of Commercial Properties

  • Commercial property values experienced a solid 7.0% increase from 2023 to 2024, indicating a positive outlook for the local market.
  • Medical properties led the charge with impressive growth of 11.1%, while retail and warehouse properties followed closely with increases of 12.1% and 10.3%, respectively.
  • However, apartments (-6.7%) and hotels/motels (-10.8%) saw declines, reflecting challenges in these sectors compared to last year.

The Ector County Appraisal District data reveals a dynamic shift in the commercial property market, with certain sectors thriving while others face obstacles.

ECAD Highlights the Surge in Commercial Property Values in 2024

  • The overall commercial tax base has increased by an estimated 7%.
  • More than half (51.8%) of properties saw a rise in their estimated value, according to the data.
  • 27.7% of properties maintained the same estimated value as the previous year.

The 2024 Ector Appraisal District commercial tax base reflects significant changes in property valuations, affecting tax obligations for property owners.

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