Commercial Real Estate Market in Lake City, SC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
36 active listings and 549 off-market properties in Lake City, SC.
Market Trends
Lake City, SC spans 164.9 square miles in Florence County, South Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lake City, SC asks $144/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 vacancy in Lake City, SC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Lake City, SC 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 Lake City, SC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Lake City, SC has 12,668 residents in 6,236 households. Density runs 77 people per square mile. Median household income here is $45,421 and median gross rent $702 a month.
12,668
Population
6,236
Households
2
Avg Household Size
41
Median Age
19%
College-Educated
86%
High-School Grad
164.9 sq mi
ZIP Area
77
Density / Sq Mi
$45,421
Median Household Income
$31,681
Median Earnings
$702
Median Rent
$108,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Scranton | — | — |
| Cades | — | — |
| Coward | — | — |
| McKenzie Crossroads | — | — |
Commercial property in Lake City, SC asks $240/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lake City?
Commercial property in Lake City, SC asks an average of $240 per square foot. The 4 most recent recorded sales traded at a median of $26/SF, so asking sits 821% above the achieved median. Office carries the highest asking price at $144/SF.
Where does Realmo's Lake City market data come from?
Realmo compiles Lake City, SC figures from 5 recent recorded sales, 36 active sale listings, 549 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 36 active for-sale and 0 active for-lease listings in Lake City, SC. 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 South region level, retail vacancy is reported at South region level, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
