Commercial Real Estate Market in Lake City, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
65 active listings and 1,356 off-market properties in Lake City, FL. Commercial property asks $142/SF to buy and $15.82/SF/Yr to lease (based on 8 listings).
Market Trends
Lake City, FL spans 434.5 square miles in Columbia County, Florida. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Lake City, FL has a median asking sale price of $172/SF. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Lake City, FL has a median asking sale price of $203/SF (based on 5 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Lake City, FL has a median asking sale price of $143/SF (based on 7 listings). Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Lake City, FL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Lake City?
How much does it cost to lease commercial space in Lake City?
Where does Realmo's Lake City market data come from?
Methodology & data sources
- Asking prices and medians
- There are 43 active for-sale and 22 active for-lease listings in Lake City, FL. The medians are based on 25 of the for-sale and 8 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
