Commercial Real Estate Market in Lawrence, KS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
132 active listings and 2,082 off-market properties in Lawrence, KS. Commercial property asks $155/SF to buy and $8.91/SF/Yr to lease.
Market Trends
Lawrence, KS spans 209.5 square miles in Douglas County, Kansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lawrence, KS runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Lawrence, KS runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lawrence, KS runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Lawrence, KS runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 26.8%
- Civic 25.4%
- Open space 14.7%
- Industrial 10.9%
- Planned_development 8.5%
- Mixed use 7.9%
- Commercial 5.3%
Largest Zones share of zoned land by district
Residential Low Density 2
Open Space
General Industrial
Planned Development
Civic And Institutional
Open Space (P-2)
OS Open Space P-2: Open Space 20-604 U/KU University/Kansas University U: University (includes U-KU and U-HINU) 20-605 UR Urban Reserve UR: Urban Reserve 20-606 20-602 Purpose The Special Purpose zoning districts are intended to: (a) Establish dimensional and development standards consistent with the vision, goals, and action items of the Comprehensive Plan;…
Market overview
Demographics & Economy
Lawrence, KS has 101,307 residents in 47,000 households. Density runs 484 people per square mile. Median household income here is $68,923 and median gross rent $1,055 a month.
101,307
Population
47,000
Households
2.2
Avg Household Size
32
Median Age
56%
College-Educated
96%
High-School Grad
209.5 sq mi
ZIP Area
484
Density / Sq Mi
$68,923
Median Household Income
$34,059
Median Earnings
$1,055
Median Rent
$283,838
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Eudora | — | — |
| Lecompton | — | — |
| Linwood | — | — |
| Perry | — | — |
Commercial property in Lawrence, KS asks $155/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lawrence?
Commercial property in Lawrence, KS asks an average of $155 per square foot.
How much does it cost to lease commercial space in Lawrence?
Asking lease rates in Lawrence, KS average $8.91 per square foot per year.
Where does Realmo's Lawrence market data come from?
Realmo compiles Lawrence, KS figures from 94 active sale listings, 38 active lease listings, 2,082 tracked off-market properties, the current Lawrence zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 94 active for-sale and 38 active for-lease listings in Lawrence, KS. 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.
- Zoning and land use
- The current municipal zoning release: 22,112 zoned acres across 21 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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 Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest 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
