Commercial Real Estate Market in Lake City, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
189 active listings and 1,359 off-market properties in Lake City, FL. Commercial property asks $296/SF to buy and $74.33/SF/Yr to lease.
Market Trends
Lake City, FL spans 434.5 square miles in Columbia County, Florida. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lake City, FL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Lake City, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Lake City, FL 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 vacancy in Lake City, FL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Lake City, FL has 58,616 residents in 25,214 households. Density runs 135 people per square mile. Median household income here is $55,125 and median gross rent $936 a month.
58,616
Population
25,214
Households
2.3
Avg Household Size
42
Median Age
17%
College-Educated
86%
High-School Grad
434.5 sq mi
ZIP Area
135
Density / Sq Mi
$55,125
Median Household Income
$37,629
Median Earnings
$936
Median Rent
$183,941
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fort White | — | — |
| O Brien | — | — |
| Wellborn | — | — |
| Lulu | — | — |
Commercial property in Lake City, FL asks $296/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lake City?
Commercial property in Lake City, FL asks an average of $296 per square foot. The 6 most recent recorded sales traded at a median of $266/SF, so asking sits 11% above the achieved median.
How much does it cost to lease commercial space in Lake City?
Asking lease rates in Lake City, FL average $74.33 per square foot per year.
Where does Realmo's Lake City market data come from?
Realmo compiles Lake City, FL figures from 6 recent recorded sales, 168 active sale listings, 21 active lease listings, 1,359 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 168 active for-sale and 21 active for-lease listings in Lake City, FL. 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
