Commercial Real Estate Market in Lake Panasoffkee, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
22 active listings and 76 off-market properties in Lake Panasoffkee, FL.
Market Trends
Lake Panasoffkee, FL spans 89.0 square miles in Sumter County, Florida. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lake Panasoffkee, 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 Panasoffkee, 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 Panasoffkee, 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 Panasoffkee, 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 Panasoffkee, FL has 5,096 residents in 3,409 households. Density runs 57 people per square mile. Median household income here is $48,951 and median gross rent $1,005 a month.
5,096
Population
3,409
Households
1.5
Avg Household Size
50
Median Age
15%
College-Educated
85%
High-School Grad
89 sq mi
ZIP Area
57
Density / Sq Mi
$48,951
Median Household Income
$43,178
Median Earnings
$1,005
Median Rent
$157,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Coleman | — | — |
| Sumterville | — | — |
| Wildwood | — | — |
| Bushnell | — | — |
Commercial property in Lake Panasoffkee, FL asks $4,308/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lake Panasoffkee?
Commercial property in Lake Panasoffkee, FL asks an average of $4,308 per square foot. The 6 most recent recorded sales traded at a median of $326/SF, so asking sits 1223% above the achieved median.
Where does Realmo's Lake Panasoffkee market data come from?
Realmo compiles Lake Panasoffkee, FL figures from 6 recent recorded sales, 22 active sale listings, 76 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 22 active for-sale and 0 active for-lease listings in Lake Panasoffkee, 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
