Commercial Real Estate Market in Lancaster, SC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
204 active listings and 1,159 off-market properties in Lancaster, SC. Commercial property asks $647/SF to buy and $24.43/SF/Yr to lease.
Market Trends
Lancaster, SC spans 284.9 square miles in Lancaster County, South Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lancaster, SC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Lancaster, SC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Lancaster, 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 Lancaster, SC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 67.6%
- Commercial 23.6%
- Industrial 6.3%
- Civic 1.9%
- Planned_development 0.5%
Largest Zones share of zoned land by district
Residential
Residential
General Commercial
Neighborhood Commercial
Residential
Lancaster, SC zones 3,756 acres across 11 districts. Commercial zoning covers 23.6% of zoned land, residential 67.6% and industrial 6.3%. The largest single district is Residential at 38.7%. For commercial buyers the practical constraint is that only 30% of land carries a commercial or industrial designation.
Residential (R15)
The following residential use districts are hereby established: R-15, R-10, R-6, MF, and MHP. Each of these districts is designed for the persons who reside there and intended to secure a comfortable, healthy, safe, and pleasant environment in which to live, sheltered from incompatible and disruptive activities. a. The R-15 Residential District is designed t…
Market overview
Demographics & Economy
Lancaster, SC has 51,198 residents in 22,106 households. Density runs 180 people per square mile. Median household income here is $59,039 and median gross rent $845 a month.
51,198
Population
22,106
Households
2.3
Avg Household Size
43
Median Age
22%
College-Educated
86%
High-School Grad
284.9 sq mi
ZIP Area
180
Density / Sq Mi
$59,039
Median Household Income
$37,020
Median Earnings
$845
Median Rent
$212,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fort Lawn | — | — |
| Pleasant Hill | — | — |
| Heath Springs | — | — |
| Van Wyck | — | — |
Commercial property in Lancaster, SC asks $647/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lancaster?
Commercial property in Lancaster, SC asks an average of $647 per square foot. The 7 most recent recorded sales traded at a median of $125/SF, so asking sits 417% above the achieved median.
How much does it cost to lease commercial space in Lancaster?
Asking lease rates in Lancaster, SC average $24.43 per square foot per year.
What zoning applies to commercial property in Lancaster?
Lancaster, SC zones 3,756 acres across 11 districts, of which 23.6% is commercial and 6.3% industrial. The largest single district is Residential at 38.7% of zoned land. The following residential use districts are hereby established: R-15, R-10, R-6, MF, and MHP. Each of these districts is designed for the persons who reside there and intended to secure a comfortable, healthy, safe, and pleasant environment in which to live, sheltered from incompatible and disruptive activities. a. The R-15 Residential District is designed t… Residential zoning covers 67.6% and open space 0%.
Where does Realmo's Lancaster market data come from?
Realmo compiles Lancaster, SC figures from 7 recent recorded sales, 200 active sale listings, 4 active lease listings, 1,159 tracked off-market properties, the current Lancaster zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 200 active for-sale and 4 active for-lease listings in Lancaster, 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.
- Zoning and land use
- The current municipal zoning release: 3,756 zoned acres across 11 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 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
