Commercial Real Estate Market in Lexington, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
203 active listings and 1,788 off-market properties in Lexington, NC. Commercial property asks $94/SF to buy and $9.50/SF/Yr to lease.
Market Trends
Lexington, NC spans 271.6 square miles in Davidson County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lexington, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Lexington, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Lexington, NC 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 vacancy in Lexington, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 51.5%
- Planned_development 31.4%
- Civic 15.8%
- Mixed use 1.2%
- Industrial 0.2%
Largest Zones share of zoned land by district
Traditional Neighborhood
Industrial Zoning District
Suburban Neighborhood
Business Zoning District
Planned Development Zoning District
Traditional Neighborhood (TN)
The intent of the Traditional Neighborhood District is to accommodate existing medium to high density residential neighborhoods and provide opportunities for new single and multi family residential, allowing a range of housing types with density based on site characteristics and compatibility with surrounding uses, while permitting a limited number of suppor…
Market overview
Demographics & Economy
Lexington, NC has 78,379 residents in 35,524 households. Density runs 289 people per square mile. Median household income here is $59,936 and median gross rent $848 a month.
78,379
Population
35,524
Households
2.2
Avg Household Size
43
Median Age
18%
College-Educated
87%
High-School Grad
271.6 sq mi
ZIP Area
289
Density / Sq Mi
$59,936
Median Household Income
$36,955
Median Earnings
$848
Median Rent
$192,603
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Reedy Creek | — | — |
| Arnold | — | — |
| Yadkin | — | — |
| Yadkin College | — | — |
Commercial property in Lexington, NC asks $94/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lexington?
Commercial property in Lexington, NC asks an average of $94 per square foot. The 3 most recent recorded sales traded at a median of $138/SF.
How much does it cost to lease commercial space in Lexington?
Asking lease rates in Lexington, NC average $9.50 per square foot per year.
Where does Realmo's Lexington market data come from?
Realmo compiles Lexington, NC figures from 5 recent recorded sales, 191 active sale listings, 12 active lease listings, 1,788 tracked off-market properties, the current Lexington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 191 active for-sale and 12 active for-lease listings in Lexington, NC. 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: 10,475 zoned acres across 15 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 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 31 August 2026 · report a data issue
