Commercial Real Estate Market in Lake Wales, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
276 active listings and 2,206 off-market properties in Lake Wales, FL. Commercial property asks $1/SF to buy and $58.88/SF/Yr to lease.
Market Trends
Lake Wales, FL spans 357.8 square miles in Polk County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Lake Wales, FL asks $258/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 Wales, FL asks $277/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 Wales, 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 Wales, FL asks $202/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 Wales, FL has 42,467 residents in 22,645 households. Density runs 119 people per square mile. Median household income here is $52,086 and median gross rent $1,092 a month.
42,467
Population
22,645
Households
1.9
Avg Household Size
48
Median Age
19%
College-Educated
86%
High-School Grad
357.8 sq mi
ZIP Area
119
Density / Sq Mi
$52,086
Median Household Income
$33,538
Median Earnings
$1,092
Median Rent
$181,461
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Lake Wales?
Commercial property in Lake Wales, FL asks an average of $1 per square foot. The 7 most recent recorded sales traded at a median of $676/SF. Retail carries the highest asking price at $277/SF.
How much does it cost to lease commercial space in Lake Wales?
Asking lease rates in Lake Wales, FL average $58.88 per square foot per year.
Where does Realmo's Lake Wales market data come from?
Realmo compiles Lake Wales, FL figures from 8 recent recorded sales, 244 active sale listings, 32 active lease listings, 2,206 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 244 active for-sale and 32 active for-lease listings in Lake Wales, 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
