Commercial Real Estate Market in Lexington, SC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
85 active listings and 2,070 off-market properties in Lexington, SC. Commercial property asks $185/SF to buy and $14.00/SF/Yr to lease.
Market Trends
Lexington, SC spans 149.9 square miles in Lexington County, South Carolina. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Lexington, SC has a median asking sale price of $201/SF (based on 8 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Lexington, SC runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Lexington, SC has a median asking sale price of $175/SF (based on 6 listings). Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Lexington, SC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 57.7%
- Commercial 34.6%
- Industrial 7.7%
Largest Zones share of zoned land by district
Lexington, SC zones 7,121 acres across 8 districts. Commercial zoning covers 34.6% of zoned land, residential 57.7% and industrial 7.7%. The largest single district is Protected Residential at 35.6%. For commercial buyers the practical constraint is that only 42.3% of land carries a commercial or industrial designation.
In order to benefit the public health, safety, and general welfare, this district is designed to protect single family homes that are not part of a cluster development from incompatible and disruptive activities
Market overview
Demographics & Economy
Lexington, SC has 113,713 residents in 47,190 households. Density runs 759 people per square mile. Median household income here is $90,251 and median gross rent $1,201 a month.
Tools
Lease vs Buy Breakeven
At $14.00/SF/Yr lease vs $185/SF buy → buying wins if held > 2.6 years.
At a 7.6% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| West Columbia | $207 | $15.00 |
| Cayce | $123 | $13.00 |
Commercial property in Lexington, SC asks $185/SF. The 2 bordering markets run from $123/SF in Cayce to $207/SF in West Columbia, and the city sits above their $165/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Lexington?
How much does it cost to lease commercial space in Lexington?
Is it cheaper to lease or buy commercial space in Lexington?
How does Lexington compare to nearby markets on price?
What zoning applies to commercial property in Lexington?
Where does Realmo's Lexington market data come from?
Methodology & data sources
- Asking prices and medians
- There are 39 active for-sale and 46 active for-lease listings in Lexington, SC. The medians are based on 18 of the for-sale and 13 of the for-lease listings, those that state a price or rent per square foot. 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.
- Zoning and land use
- The current municipal zoning release: 7,121 zoned acres across 8 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
