Commercial Real Estate Market in Lemay, MO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 2 off-market properties in Lemay, MO.
Market Trends
Lemay, MO spans 9.9 square miles in St. Louis County, Missouri. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lemay, MO asks $81/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Lemay, MO asks $96/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lemay, MO 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 Lemay, MO asks $103/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
Market overview
Demographics & Economy
Lemay, MO has 32,816 residents in 14,741 households. Density runs 3,300 people per square mile. Median household income here is $59,683 and median gross rent $920 a month.
32,816
Population
14,741
Households
2.2
Avg Household Size
42
Median Age
22%
College-Educated
89%
High-School Grad
9.9 sq mi
ZIP Area
3,300
Density / Sq Mi
$59,683
Median Household Income
$40,409
Median Earnings
$920
Median Rent
$166,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mehlville | $100 (county avg) | — |
| Bella Villa | $100 (county avg) | — |
| Green Park | $100 (county avg) | — |
| Wilbur Park | $100 (county avg) | — |
Commercial property in Lemay, MO asks $100/SF. The 4 bordering markets run from $100/SF in Mehlville to $100/SF in Mehlville, and the city sits in line with their $100/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lemay?
Commercial property in Lemay, MO asks an average of $100 per square foot. Multifamily carries the highest asking price at $103/SF.
How does Lemay compare to nearby markets on price?
Lemay, MO asks $100/SF against $100/SF in Mehlville, $100/SF in Bella Villa, $100/SF in Green Park and $100/SF in Wilbur Park.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Lemay, MO. 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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 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
