Commercial Real Estate Market in Lenexa, KS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
149 active listings and 1,675 off-market properties in Lenexa, KS. Commercial property asks $17/SF to buy and $10.27/SF/Yr to lease.
Market Trends
Lenexa, KS spans 103.5 square miles in Johnson County, Kansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lenexa, 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 Lenexa, KS runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lenexa, 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 space in Lenexa, KS asks $206/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 72.8%
- Industrial 19.3%
- Commercial 6.4%
- Mixed use 0.9%
- Planned_development 0.7%
Largest Zones share of zoned land by district
Residential Single Family District
Agricultural District
Planned Manufacturing District
Planned Residential Low Density District
Planned Business Park District
Lenexa, KS zones 18,502 acres across 22 districts. Commercial zoning covers 6.4% of zoned land, residential 72.8% and industrial 19.3%. The largest single district is Residential Single Family District at 28.2%. For commercial buyers the practical constraint is that only 25.7% of land carries a commercial or industrial designation.
Residential Single Family District (R-1)
AG, R-1 or RE be accompanied by a concept or preliminary plan. A developer can save both time and money by not having to duplicate the public meeting process for a rezoning application and preliminary plan application. However, the decision to rezone a parcel of land is based, among other considerations, on the merits of the proposed use, compatibility with…
Market overview
Demographics & Economy
Lenexa, KS has 196,231 residents in 82,902 households. Density runs 1,896 people per square mile. Median household income here is $107,972 and median gross rent $1,372 a month.
196,231
Population
82,902
Households
2.4
Avg Household Size
38
Median Age
56%
College-Educated
97%
High-School Grad
103.5 sq mi
ZIP Area
1,896
Density / Sq Mi
$107,972
Median Household Income
$55,651
Median Earnings
$1,372
Median Rent
$351,486
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Osawatomie | — | — |
| Paola | — | — |
| Melrose | — | — |
| Fontana | — | — |
Commercial property in Lenexa, KS asks $17/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lenexa?
Commercial property in Lenexa, KS asks an average of $17 per square foot. Multifamily carries the highest asking price at $206/SF.
How much does it cost to lease commercial space in Lenexa?
Asking lease rates in Lenexa, KS average $10.27 per square foot per year.
What zoning applies to commercial property in Lenexa?
Lenexa, KS zones 18,502 acres across 22 districts, of which 6.4% is commercial and 19.3% industrial. The largest single district is Residential Single Family District at 28.2% of zoned land. AG, R-1 or RE be accompanied by a concept or preliminary plan. A developer can save both time and money by not having to duplicate the public meeting process for a rezoning application and preliminary plan application. However, the decision to rezone a parcel of land is based, among other considerations, on the merits of the proposed use, compatibility with… Residential zoning covers 72.8% and open space 0%.
Where does Realmo's Lenexa market data come from?
Realmo compiles Lenexa, KS figures from 67 active sale listings, 82 active lease listings, 1,675 tracked off-market properties, the current Lenexa zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 67 active for-sale and 82 active for-lease listings in Lenexa, 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: 18,502 zoned acres across 22 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
