Commercial Real Estate Market in Lake Mary, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
104 active listings and 734 off-market properties in Lake Mary, FL. Commercial property asks $346/SF to buy (based on 6 listings) and $24.00/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 October 2026.
Office
Office space in Lake Mary, FL has a median asking sale price of $346/SF (based on 6 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Lake Mary, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
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%.
Multifamily
Multifamily vacancy in Lake Mary, FL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Longwood | $226 | $20.00 |
| Winter Springs | $203 | $23.36 |
| Sanford | $197 | $18.00 |
| Casselberry | $242 | $13.50 |
Commercial property in Lake Mary, FL asks $346/SF. The 4 bordering markets run from $197/SF in Sanford to $242/SF in Casselberry, and the city sits above their $215/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Lake Mary?
How much does it cost to lease commercial space in Lake Mary?
How does Lake Mary compare to nearby markets on price?
Where does Realmo's Lake Mary market data come from?
Methodology & data sources
- Asking prices and medians
- There are 16 active for-sale and 88 active for-lease listings in Lake Mary, FL. The medians are based on 6 of the for-sale and 12 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
