Commercial Real Estate Market in Lexington, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
16 active listings and 696 off-market properties in Lexington, TN.
Market Trends
Lexington, TN spans 208.0 square miles in Henderson County, Tennessee. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Lexington, TN has a median asking sale price of $93/SF (based on 4 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Lexington, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Lexington, TN has a median asking sale price of $67/SF (based on 3 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 space in Lexington, TN has a median asking sale price of $156/SF (based on 3 listings). Vacancy 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 67.8%
- Industrial 18.3%
- Commercial 12.1%
- Planned_development 1%
- Civic 0.2%
Largest Zones share of zoned land by district
Lexington, TN zones 7,681 acres across 14 districts. Commercial zoning covers 12.1% of zoned land, residential 67.8% and industrial 18.3%. The largest single district is Low Density Residential at 46.8%. For commercial buyers the practical constraint is that only 30.4% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Lexington, TN has 17,838 residents in 7,909 households. Density runs 86 people per square mile. Median household income here is $53,573 and median gross rent $809 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Lexington?
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 15 active for-sale and 1 active for-lease listings in Lexington, TN. The sale median is based on 14 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.
- Zoning and land use
- The current municipal zoning release: 7,681 zoned acres across 14 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
