Commercial Real Estate Market in Lexington, OK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
23 active listings and 194 off-market properties in Lexington, OK.
Market Trends
Lexington, OK spans 126.7 square miles in Cleveland County, Oklahoma. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lexington, OK asks $164/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Lexington, OK asks $188/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Lexington, OK 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 space in Lexington, OK asks $134/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Lexington, OK has 9,541 residents in 3,210 households. Density runs 75 people per square mile. Median household income here is $65,074 and median gross rent $934 a month.
9,541
Population
3,210
Households
3
Avg Household Size
42
Median Age
12%
College-Educated
83%
High-School Grad
126.7 sq mi
ZIP Area
75
Density / Sq Mi
$65,074
Median Household Income
$37,857
Median Earnings
$934
Median Rent
$152,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Slaughterville | $145 (county avg) | — |
| Noble | $145 (county avg) | — |
| Etowah | $145 (county avg) | — |
| Norman | $145 (county avg) | $17.22 |
Commercial property in Lexington, OK asks $145/SF. The 4 bordering markets run from $145/SF in Slaughterville to $145/SF in Slaughterville, and the city sits in line with their $145/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lexington?
Commercial property in Lexington, OK asks an average of $145 per square foot. The 7 most recent recorded sales traded at a median of $193/SF. Retail carries the highest asking price at $188/SF.
How does Lexington compare to nearby markets on price?
Lexington, OK asks $145/SF against $145/SF in Slaughterville, $145/SF in Noble, $145/SF in Etowah and $145/SF in Norman.
Where does Realmo's Lexington market data come from?
Realmo compiles Lexington, OK figures from 8 recent recorded sales, 22 active sale listings, 1 active lease listings, 194 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 22 active for-sale and 1 active for-lease listings in Lexington, OK. 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 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
