Commercial Real Estate Market in Lake City, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
11 active listings and 139 off-market properties in Lake City, PA.
Market Trends
Lake City, PA spans 9.2 square miles in Erie County, Pennsylvania. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Erie County, office space asks $91/SF to buy. Office vacancy in Lake City, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Erie County, retail space asks $97/SF to buy. Retail vacancy in Lake City, PA runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
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%.
Multifamily
Across Erie County, multifamily space asks $69/SF to buy. Multifamily vacancy in Lake City, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
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.
Tools
Nearby Markets
Commercial property in Lake City, PA asks $112/SF. The 2 bordering markets run from $78/SF in Erie to $87/SF in Fairview, and the city sits above their $83/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Lake City?
How does Lake City compare to nearby markets on price?
Where does Realmo's Lake City market data come from?
Methodology & data sources
- Asking prices and medians
- There are 8 active for-sale and 3 active for-lease listings in Lake City, PA. The sale median is based on 7 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
