Commercial Real Estate Market in Lexington, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 452 off-market properties in Lexington, NE. Commercial property asks $108/SF to buy and $15.00/SF/Yr to lease.
Market Trends
Lexington, NE spans 267.0 square miles in Dawson County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lexington, NE runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Lexington, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lexington, NE 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 Lexington, NE 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
- Agricultural 85%
- Industrial 7.3%
- Residential 5.4%
- Commercial 2.1%
- Planned_development 0%
Largest Zones share of zoned land by district
Agricultural
Heavy Industrial
Single Family Residential
Light Industrial
Highway Commercial
Agricultural (A1)
This district is intended to Preserve land best suited for agricultural uses within the community's zoning jurisdiction, Prevent the intrusion of urban development into agricultural areas which would make agricultural production uneconomical or impractical, Preserve in agricultural use, land suited to the eventual development in other uses until such time as…
Market overview
Demographics & Economy
Lexington, NE has 12,489 residents in 4,299 households. Density runs 47 people per square mile. Median household income here is $64,269 and median gross rent $911 a month.
12,489
Population
4,299
Households
2.9
Avg Household Size
32
Median Age
15%
College-Educated
64%
High-School Grad
267 sq mi
ZIP Area
47
Density / Sq Mi
$64,269
Median Household Income
$38,724
Median Earnings
$911
Median Rent
$156,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Darr | — | — |
| Overton | — | — |
| Cozad | — | — |
| Smithfield | — | — |
Commercial property in Lexington, NE asks $108/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lexington?
Commercial property in Lexington, NE asks an average of $108 per square foot. The 5 most recent recorded sales traded at a median of $114/SF.
How much does it cost to lease commercial space in Lexington?
Asking lease rates in Lexington, NE average $15.00 per square foot per year.
Where does Realmo's Lexington market data come from?
Realmo compiles Lexington, NE figures from 6 recent recorded sales, 8 active sale listings, 3 active lease listings, 452 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 8 active for-sale and 3 active for-lease listings in Lexington, NE. 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: 24,703 zoned acres across 12 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
