Roanoke, TX Commercial Real Estate Market Report, Q2 2026

Why these numbers matter

Industrial space is tight enough that tenants have fewer options, and rents are rising. In Roanoke itself, a city-backed hotel on Oak Street is moving forward. Together, they tell owners that the area has momentum, and that timing and facts will matter on any listing.

Industrial (DFW-wide figures)

These figures cover all of Dallas-Fort Worth, not Roanoke alone.

CBRE Research (published July 9, 2026) reported:

• Vacancy of 8.3%, down 20 bps from Q1 2026 and 60 bps from Q2 2025.
• 9.9 million sq. ft. net absorption.
• 24.0 million sq. ft. under construction across 86 projects.

Cushman & Wakefield reported for Q2 2026:

• Overall vacancy of 8.1%, down 20 bps QOQ and 110 bps YOY.
• Asking rent of $9.19 net per square foot, up 4.0% QOQ and 13.2% YOY.
• 9.0 million square feet net absorption.
• Alliance led absorption with 3.9 msf YTD.

The vacancy figures differ because each firm tracks its own building inventory. Both show vacancy falling 20 bps from the prior quarter. For a deeper look, see the Alliance industrial guide.

Oak Street and the hotel (Roanoke-specific)

Community Impact reported (May 5, 2026) that the hotel and convention center at 600 S. Oak St. is about 200 rooms, five stories, 61,448 sq ft on 3.27 acres. It has 343 parking spaces, 298 in a garage. City staff estimated $62 million, with a $25 million maximum bond authorization. Council approved contracts April 28. The planning commission approved the site plan May 4. Construction was anticipated to start August 3.

Community Impact reported (December 16, 2025) that council approved a Convention Center Hotel Local Development Corporation on December 9, 2025. The city commissioned Catalyst Commercial for an Oak Street market analysis. The downtown code has not been updated since 2009. Catalyst presented a commercial option and a high-density townhome option.

Marcus & Millichap reported (July 1, 2026) the sale of an 11,320-square-foot retail center at 101 S. Oak St., built in 2009 and fully leased to three restaurant operators on NNN leases. The price was not disclosed. Read more in the Oak Street guide.

Infrastructure (Roanoke area)

Community Impact reported (June 17, 2025) that TxDOT is widening a nearly 3-mile stretch of SH 114 between I-35W and Hwy. 114 Business to a six-lane freeway. Construction began August 2023, completion was expected spring 2026, and the cost is $99 million.

Community Impact reported (September 11, 2025) that the FY 2025-26 city budget includes a parking garage at US 377 and Main Street, with about $22 million in debt funds. The budget also set aside $18.6 million for hotel and convention center design east of City Hall. See the US 377 and SH 114 corridor guide.

Demand drivers (district and regional figures)

Community Impact reported (May 2026) that Northwest ISD added nearly 820 students from 2024-25 to 2025-26. Zonda projects nearly 35,600 students by 2030-31. The district has 71 active subdivisions, about 1,070 homes under construction and more than 5,900 lots. It also has 2,950 rental units under construction, with nearly 5,000 more in planning. These are district figures.

Community Impact, reporting Hillwood data (February 27, 2026), said AllianceTexas has 27,000 acres, 602 companies and more than 73,000 jobs. Total investment in 2025 was $18.3 billion. These are AllianceTexas figures, not Roanoke-only.

City tax rate (Roanoke-specific)

Community Impact reported (September 11, 2025) a city property tax rate of $0.326182 per $100 valuation for FY 2025-26, a $0.018 increase. Owners should check the appraisal district record for their parcel.

What this means for owners

If you own in Roanoke, the facts above give you something concrete to bring to a pricing conversation. Metro industrial data frames the market. Oak Street and highway projects frame the local story. Neither sets your price.

For stabilized assets, read the investment sales page. For a broker opinion on your building, sell my building is the place to start. Daniel reviews what you sent and calls or emails you back using the contact you gave.

For comparison across the region, see North Texas market comparisons.