Commercial Real Estate Market in Lake Mary, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
132 active listings and 734 off-market properties in Lake Mary, FL. Commercial property asks $420/SF to buy and $110.37/SF/Yr to lease.
Market Trends
Lake Mary, FL spans 21.1 square miles in Seminole County, Florida. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lake Mary, 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 Mary, 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 Mary, 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 space in Lake Mary, FL asks $217/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 Mary, FL has 45,828 residents in 20,204 households. Density runs 2,176 people per square mile. Median household income here is $111,534 and median gross rent $1,912 a month.
45,828
Population
20,204
Households
2.3
Avg Household Size
42
Median Age
53%
College-Educated
97%
High-School Grad
21.1 sq mi
ZIP Area
2,176
Density / Sq Mi
$111,534
Median Household Income
$55,860
Median Earnings
$1,912
Median Rent
$420,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Enterprise | $220 (county avg) | — |
| Debary | $220 (county avg) | $17.67 |
Commercial property in Lake Mary, FL asks $420/SF. The 2 bordering markets run from $220/SF in Enterprise to $220/SF in Enterprise, and the city sits above their $220/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lake Mary?
Commercial property in Lake Mary, FL asks an average of $420 per square foot. The 6 most recent recorded sales traded at a median of $335/SF, so asking sits 25% above the achieved median. Multifamily carries the highest asking price at $217/SF.
How much does it cost to lease commercial space in Lake Mary?
Asking lease rates in Lake Mary, FL average $110.37 per square foot per year.
How does Lake Mary compare to nearby markets on price?
Lake Mary, FL asks $420/SF against $220/SF in Enterprise and $220/SF in Debary. Enterprise is the cheapest entry point at 48% below Lake Mary pricing.
Where does Realmo's Lake Mary market data come from?
Realmo compiles Lake Mary, FL figures from 7 recent recorded sales, 47 active sale listings, 85 active lease listings, 734 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 47 active for-sale and 85 active for-lease listings in Lake Mary, 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
