Commercial Real Estate Market in Lexington, SC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
253 active listings and 2,073 off-market properties in Lexington, SC. Commercial property asks $412/SF to buy and $18.64/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 August 2026.
Office
Office space in Lexington, SC asks $180/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 space in Lexington, SC asks $220/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Lexington, 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 space in Lexington, SC asks $156/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
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
Protected Residential
General Commercial
Protected Residential 2
Limited Commercial
Industrial
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.
Protected Residential (PR)
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.
113,713
Population
47,190
Households
2.4
Avg Household Size
38
Median Age
37%
College-Educated
93%
High-School Grad
149.9 sq mi
ZIP Area
759
Density / Sq Mi
$90,251
Median Household Income
$51,029
Median Earnings
$1,201
Median Rent
$258,804
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Springdale | — | — |
| Irmo | — | $13.33 |
| Gilbert | — | — |
| West Columbia | — | $14.18 |
Commercial property in Lexington, SC asks $412/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lexington?
Commercial property in Lexington, SC asks an average of $412 per square foot. The 5 most recent recorded sales traded at a median of $78/SF, so asking sits 427% above the achieved median. Retail carries the highest asking price at $220/SF.
How much does it cost to lease commercial space in Lexington?
Asking lease rates in Lexington, SC average $18.64 per square foot per year.
What zoning applies to commercial property in Lexington?
Lexington, SC zones 7,121 acres across 8 districts, of which 34.6% is commercial and 7.7% industrial. The largest single district is Protected Residential at 35.6% of zoned land. 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 Residential zoning covers 57.7% and open space 0%.
Where does Realmo's Lexington market data come from?
Realmo compiles Lexington, SC figures from 6 recent recorded sales, 212 active sale listings, 41 active lease listings, 2,073 tracked off-market properties, the current Lexington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 212 active for-sale and 41 active for-lease listings in Lexington, 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: 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 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
