Top Cities to Lease Commercial Land in Texas

Published: 06-03-24    Category: Leasing/Renting

Specializes in providing actionable insights into the commercial real estate space for investors, brokers, lessors, and lessees. He covers quarterly market data reports, investment strategies, how-to guides, and top-down perspectives on market movements.

Texas-Mexico Border, El Paso.

Planning to open a new business or expand into new markets? Consider joining the more than 139 companies that have relocated to Texas since 2020.

Not only is Texas home to the 8th largest economy among the world's nations, it offers a business-friendly climate with no corporate or personal income tax.

You don't have to run a big business to benefit from the local atmosphere. The state has led the nation in population growth for almost 20 years, which guarantees a steady flow of customers.

Best of all, there are plenty of opportunities for leasing land, no matter what your start-up budget may be.

While some of the best destinations for leasing commercial land are in well-known cities, smaller cities outside major metro areas may be a better fit for you.

Our first top city, Fate, is one to consider.

#1 – Fate

Although it still retains a small-town personality, Fate offers new businesses a double-dip of potential success.

Not only is it one of the fastest-growing cities in the state, it's located in Rockwall County, the wealthiest county in Texas.

Established in the 1860s, the town has grown from 100 residents in 1880 to just over 25,000 in 2024. There are also more than seven residential subdivisions, with new parks and schools currently under construction.

The City of Fate currently offers newcomers over 350 acres of available land situated between two major highways, IH-30 and Highway 66. Additional parcels of land are also available along Highway 66, near the downtown area and its neighbor Royce City.

#2 – Austin

This city's reputation has evolved from a popular college town to one of the nation's leading IT hubs.

While the University of Texas at Austin is home to over 51,000 students, tech giants like Tesla, Apple, and Oracle have recently moved here as well.

While new businesses may find it difficult to locate bargain-priced commercial land lease deals, entrepreneurs whose ideas will be welcomed by the educated, affluent population are encouraged to check out the state's business incentives.

A recent review of incentives and programs offered to new businesses was as diverse as the state's population.

These included new music venues and franchise tax exemptions for renewable energy providers; two businesses that are especially popular with Austin residents.

#3 – Fort Worth

Nicknamed CowTown because of its historic stockyards, Fort Worth is especially popular with new businesses who need access to Dallas-Fort Worth International Airport but prefer to avoid Big D's rising CRE leasing prices.

Like almost every other Texas city, Fort Worth offers its own incentives and assistance to new businesses.

As of mid-2024, land lease rates per square foot run from $3.07 for prime downtown areas to $0.96 for industrial storage in Rendon, north of the city center.

#4 – San Antonio

Although this historic city doesn't get the same amount of press as Dallas, Houston, or Austin, it's the state's second-largest metro area.

Originally a Spanish mission, San Antonio is home to Lackland and Randolph Air Force bases, making it an ideal destination for businesses that support the military forces.

The city's business incentive programs include Tax Abatement, Fee Waiver, and Tax Increment Financing. In addition, several Opportunity Zones are available for your consideration.

#5 – Waco

Locations don't come much more convenient than for this central Texas city.

Waco is between two major cities, Austin and Dallas, and both can be reached in just 1 ½ hours via IH 35 and 35E.

Waco is also a prime location for new business. It's #2 in the state for job growth and hotel occupancy rates and the 7th city for job growth nationally.

Waco's growth was kicked off in 1870 when its citizens completed the first bridge across the Brazos River. Cattle herders and travelers detoured to use the Waco Suspension Bridge instead of a risky swim across the river.

The City of Waco's business incentives continue to fuel its success, with commercial development programs and tax exemptions for retail, industrial, and manufacturing expansion.

#6 – New Braunfels

Named after royalty who helped establish it as a colony, New Braunfels still reflects Prince Karl of Solms-Braunfels' Germanic influence.

Tourism is an especially big draw for New Braunfels businesses just north of San Antonio. The city hosts an annual Wurstfest each November and is home to one of the state's premier water parks, the Schlitterbahn (German for “slippery road”).

Commercial land for lease in the city is limited but affordably priced, and many additional lease options are situated west and north of New Braunfels.

Business owners are also drawn by the city's family-friendly atmosphere and rapid growth. Between 2017 and 2024, the city's population increased from 70,317 to 93,000.

#7 – Lubbock

While some out-of-towners have never heard of Lubbock, it's actually the tenth most populous city in Texas.

Located in the northwestern region, it's been nicknamed Hub City because it is the economic, educational, and healthcare hub of the South Plains.

With a population estimated at around 361,000, Lubbock offers many of the state's business incentives, plus its own Property Assessed Clean Energy (PACE) program that offers special financing to residents.

A variety of current land leases for Lubbock areas zoned for industrial, retail, and mixed-use exist.

#8 – El Paso

Founded by Franciscan friars, El Paso is much more than a busy border town—it's part of the three-city, two-country Borderplex.

With Ciudad Juarez in the Mexican state of Chihuahua and Las Cruces, New Mexico, the Borderplex is North America's fifth-largest manufacturing hub.

This location, together with the state-wide incentives, offers entrepreneurs some unique opportunities for growing a business that fits into the Borderplex' commercial environment.

In addition, El Paso was named one of the nation's Top Ten Digital Cities in 2023. This accolade recognizes a selection of American cities that have made major strides in improving their technology and leadership.

Newcomers can download the city's 25-page Business Development Guide.

Win Commercial Projects & Outperform Your Competitors by Knowing What's Happening in Your Area provides commercial vendors looking for new projects with up-to-date market intelligence on which commercial property owners need construction work, when they need it, and where they need it.

Make finding new commercial real estate projects easier than ever with MyEListing's Vendor Client Connection Program.

Other articles in Leasing/Renting

The inside of a commercial office space.

The Future of Commercial Leasing: Adapting to Changing Tenant Needs

Learn how landlords can adapt to a market with remote work, flexible leases & trendy workspaces. Attract tenants with MyEListing's free tools....

The state flag of Texas flying in the wind.

Creative Commercial Lease Financing for Texas Entrepreneurs

Texas welcomes new businesses with incentives & has a growing population. Learn creative financing solutions to cover leasing costs & negotiate with Texas landlords....

Austin skyline during sunset.

Essential Tips for Negotiating Commercial Real Estate in Texas

Texas offers business-friendly CRE laws but fewer protections for tenants. Learn about tenant improvement allowances, triple net clauses, and other key lease terms. ...

The Denton historic district in Texas.

Unveiling Hidden Gems for Commercial Leasing in Texas

Texas: Look beyond major cities for business opportunities. San Antonio, Denton, Decatur & Amarillo offer lower costs, skilled workforce & incentives....

Other recent articles

A warehouse worker packaging goods.

The Future of Flex: Emerging Trends and Innovations in the Industrial Market

Flex Industrial Boom: Automation, green buildings & e-commerce. Invest in the future of warehousing....

The outside of a flex industrial space.

Navigating the Flex Maze: A Guide to Choosing the Right Flex Industrial Space

Flex industrial space offers businesses with room to grow, combining warehouse, office & showroom space. This guide helps you find the right one for your needs....

An Amazon package next to a door.

The Rise of E-Commerce and the Booming Flex Industrial Market

Surge of e-commerce fuels demand for adaptable flex industrial space. Learn how flex properties benefit businesses and investors in this booming market....

The inside of a large CRE building.

How to Craft Compelling CRE Listings That Convert

Learn how to identify your property's USP, create showcases & leverage demographics to attract tenants & buyers....

Article Search


All Article Categories

(this is not the Listing Agent)