Commercial Real Estate Market in Lake City, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 139 off-market properties in Lake City, PA. Commercial property asks $10/SF to buy and $7.50/SF/Yr to lease.
Market Trends
Lake City, PA spans 9.2 square miles in Erie County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lake City, PA asks $80/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Lake City, PA asks $112/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Lake City, PA runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Lake City, PA asks $81/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Lake City, PA has 4,122 residents in 1,836 households. Density runs 450 people per square mile. Median household income here is $73,523 and median gross rent $806 a month.
4,122
Population
1,836
Households
2.2
Avg Household Size
42
Median Age
27%
College-Educated
91%
High-School Grad
9.2 sq mi
ZIP Area
450
Density / Sq Mi
$73,523
Median Household Income
$48,262
Median Earnings
$806
Median Rent
$157,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Girard | — | — |
| North Springfield | — | — |
| Fairview | — | — |
| East Springfield | — | — |
Commercial property in Lake City, PA asks $10/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lake City?
Commercial property in Lake City, PA asks an average of $10 per square foot. The 7 most recent recorded sales traded at a median of $58/SF. Retail carries the highest asking price at $112/SF.
How much does it cost to lease commercial space in Lake City?
Asking lease rates in Lake City, PA average $7.50 per square foot per year.
Where does Realmo's Lake City market data come from?
Realmo compiles Lake City, PA figures from 8 recent recorded sales, 8 active sale listings, 3 active lease listings, 139 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 8 active for-sale and 3 active for-lease listings in Lake City, PA. 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.
- 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 Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast 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
