Lawrence, KS
Commercial Real Estate Market Trends & Data

$182 Avg asking sale price
$215 Avg asking lease rate
28,451 SF Avg unit lease size
23,591 SF Avg building size for sale
9.17% Average cap rate

Lawrence's Demographic Profile

Lawrence has 40,879 households and a median income of $55,136, providing context for rent absorption and tenant demand across retail and multifamily assets. A +2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 97,655
# Households 40,879
Median age 31
Median household income $55,136
Avg household size 2.0
Renter-occupied housing units 23,136
5-year population change +2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Lawrence, KS

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Lawrence $112 44,193 SF 10.00%
Wellsville $120 3,297 SF 7.52%
Olathe $174 34,046 SF 8.00%
Lenexa $264 27,965 SF 8.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Lawrence $279 9,319 SF
Perry $27 14,634 SF
Tonganoxie $1,606 1,494 SF
Bonner Springs $125 4,638 SF
Wellsville $120 3,297 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Basehor $127 10,608 SF 7.40%
Olathe $197 111,115 SF 7.71%
Ottawa $123 36,614 SF 5.50%
Lenexa $197 87,198 SF 7.71%

Commercial Properties For Sale in Lawrence

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

1315 Wakarusa Dr

Lawrence, KS 66049

  • 20,715 SF Office Building
  • $2,500,000
For Sale

Cornerstone Plaza 2

Lawrence, KS 66046

  • 12,159 SF Retail Building
  • $1,425,000
For Sale

706 E 23rd St

Lawrence, KS 66046

  • 13,058 SF Retail Building
  • $1,950,000
For Sale

US Bank Bldg & Tower

Lawrence, KS 66044

  • 49,422 SF Office Building
  • $5,250,000
For Sale

Verizon

Lawrence, KS 66049

  • 2,400 SF Retail Building
  • 7.50% Cap Rate
  • $1,690,000
For Sale

N 1500 Rd

Lawrence, KS 66049

  • 37.71 - 76.42 AC Lots
  • 2 Commercial Lots
  • $2,230,285 - $6,750,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Lawrence pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Lawrence $182 23,591 SF
Perry $26 16,549 SF
Eudora $110 3,840 SF
Tonganoxie $506 20,042 SF

Regional Demographic Comparison

This comparison places Lawrence alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Lawrence or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Lawrence 97,655 40,879 31 $55,136 2 23,136 2%
Perry 861 356 45 $75,933 2 80 -1%
Eudora 6,588 2,366 36 $92,038 3 714 2%
Tonganoxie 6,032 2,250 39 $75,819 3 604 3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Lawrence, KS and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Lawrence

View All Commercial Real Estate For Sale in Lawrence
Is Lawrence a good market for a first-time commercial real estate investor?

Lawrence offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Lawrence?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Lawrence. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Lawrence?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Lawrence. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Lawrence compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Lawrence. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Lawrence acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Lawrence, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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