Commercial Real Estate Market in Lake City, AR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
15 active listings and 100 off-market properties in Lake City, AR.
Market Trends
Lake City, AR spans 104.9 square miles in Craighead County, Arkansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lake City, AR asks $32/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Lake City, AR asks $59/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Lake City, AR runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Lake City, AR asks $123/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Lake City, AR has 3,486 residents in 1,533 households. Density runs 33 people per square mile. Median household income here is $58,177 and median gross rent $827 a month.
3,486
Population
1,533
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
91%
High-School Grad
104.9 sq mi
ZIP Area
33
Density / Sq Mi
$58,177
Median Household Income
$34,030
Median Earnings
$827
Median Rent
$141,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Black Oak | — | — |
| Monette | — | — |
| Caraway | — | — |
| Bay | — | — |
Commercial property in Lake City, AR asks $94/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lake City?
Commercial property in Lake City, AR asks an average of $94 per square foot. The 3 most recent recorded sales traded at a median of $59/SF, so asking sits 61% above the achieved median. Multifamily carries the highest asking price at $123/SF.
Where does Realmo's Lake City market data come from?
Realmo compiles Lake City, AR figures from 4 recent recorded sales, 15 active sale listings, 100 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 0 active for-lease listings in Lake City, AR. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
