Commercial Real Estate Market in Lake Park, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
39 active listings and 475 off-market properties in Lake Park, FL. Commercial property asks $499/SF to buy and $28.04/SF/Yr to lease.
Market Trends
Lake Park, FL spans 3.3 square miles in Palm Beach County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Lake Park, FL asks $607/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Lake Park, FL asks $369/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Lake Park, 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 Park, FL asks $329/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 Park, FL has 13,779 residents in 5,906 households. Density runs 4,166 people per square mile. Median household income here is $69,050 and median gross rent $1,426 a month.
13,779
Population
5,906
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
3.3 sq mi
ZIP Area
4,166
Density / Sq Mi
$69,050
Median Household Income
$34,019
Median Earnings
$1,426
Median Rent
$340,100
Median Home Value
Tools
Lease vs Buy Breakeven
At $28.04/SF/Yr lease vs $499/SF buy → buying wins if held > 6.6 years.
At a 5.6% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Riviera Beach | — | — |
| Palm Beach Gardens | — | $34.51 |
| North Palm Beach | — | $75.31 |
Commercial property in Lake Park, FL asks $499/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lake Park?
Commercial property in Lake Park, FL asks an average of $499 per square foot. The 8 most recent recorded sales traded at a median of $289/SF, so asking sits 73% above the achieved median. Office carries the highest asking price at $607/SF.
How much does it cost to lease commercial space in Lake Park?
Asking lease rates in Lake Park, FL average $28.04 per square foot per year.
Is it cheaper to lease or buy commercial space in Lake Park?
Buying beats leasing in Lake Park, FL if the property is held longer than 6.6 years, comparing $28.04/SF/Yr asking rent with $499/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Lake Park market data come from?
Realmo compiles Lake Park, FL figures from 8 recent recorded sales, 19 active sale listings, 20 active lease listings, 475 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 20 active for-lease listings in Lake Park, 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 30 September 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 30 September 2026 · report a data issue
