Commercial Real Estate Market in Kentucky
Kentucky has 3,076 active for-sale listings and 2,020 active for-lease listings. Statewide, the median asking price is $123/SF and the median asking rent is $16.12/SF/Yr as of November 2026. Realmo tracks 63 city markets here; among the 33 with enough listings to rank, median asking prices range from $69/SF in London to $320/SF in Lawrenceburg.
- Median asking price
- $123/SF
- Median asking rent
- $16.12/SF/Yr
- For-sale listings
- 3,076
- For-lease listings
- 2,020
- City markets
- 63
Highest- and Lowest-Priced Markets
Asking prices vary across Kentucky: the median in Lawrenceburg is $320/SF, 4.6x the $69/SF median in London. The figures below are median asking prices from live listings, not closed sales.
Asking Prices
The highest median asking prices are in Lawrenceburg at $320/SF, Elizabethtown at $192/SF and Lexington at $176/SF. The lowest median asking prices are in London at $69/SF, Irvine at $76/SF and Ashland at $94/SF. 16 of 33 ranked markets have median asking prices above the statewide $123/SF.
Asking Rents
The highest median asking rents are in Bowling Green at $22.38/SF/Yr, Georgetown at $20.00/SF/Yr and Somerset at $19.87/SF/Yr. The lowest median asking rents are in London at $11.25/SF/Yr, Richmond at $12.00/SF/Yr and Nicholasville at $12.00/SF/Yr. 5 of 13 ranked markets have median asking rents above the statewide $16.12/SF/Yr.
Kentucky vs. Neighboring States
The median asking price in Kentucky is $123/SF, above the $112/SF median of its 7 neighboring states. By median asking price, the state ranks 4th of 8 in the group; Virginia is highest at $248/SF and West Virginia lowest at $80/SF. The median asking rent is $16.12/SF/Yr, compared with $18.00/SF/Yr in Illinois, $15.00/SF/Yr in Ohio and $19.50/SF/Yr in Virginia next door. The statewide median asking price is below the U.S. median of $178/SF.
| State | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr | For-Sale Listings | For-Lease Listings |
|---|---|---|---|---|
| Kentucky | $123 | $16.12 | 3,076 | 2,020 |
| Illinois | $124 | $18.00 | 8,948 | 6,999 |
| Indiana | $100 | $16.00 | 4,591 | 2,985 |
| Missouri | $112 | $14.18 | 5,960 | 2,725 |
| Ohio | $90 | $15.00 | 8,765 | 5,822 |
| Tennessee | $142 | $18.00 | 3,658 | 2,259 |
| Virginia | $248 | $19.50 | 4,801 | 4,054 |
| West Virginia | $80 | $15.51 | 981 | 200 |
| United States | $178 | $18.28 | 265,785 | 185,367 |
A dash means fewer than 10 listings with a usable price.
Commercial Real Estate Markets in Kentucky
Realmo tracks 63 city markets in Kentucky; the 40 with the most active listings are listed below. Louisville leads with 1,036 active listings, followed by Lexington and Paducah.
| City | Active Listings | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|---|
| Louisville | 1,036 | $119 | $17.15 |
| Lexington | 747 | $176 | $18.05 |
| Paducah | 221 | $107 | $15.00 |
| Bowling Green | 168 | $167 | $22.38 |
| Owensboro | 119 | $107 | $16.00 |
| Frankfort | 115 | $121 | $13.79 |
| Nicholasville | 108 | $146 | $12.00 |
| Richmond | 101 | $124 | $12.00 |
| Somerset | 99 | $133 | $19.87 |
| Murray | 92 | $146 | $15.20 |
| Hopkinsville | 83 | $109 | — |
| Winchester | 79 | $131 | $13.71 |
| Florence | 66 | $137 | — |
| Georgetown | 60 | — | $20.00 |
| Danville | 57 | $131 | — |
| Corbin | 55 | $118 | — |
| London | 53 | $69 | $11.25 |
| Covington | 52 | $121 | — |
| Ashland | 45 | $94 | — |
| Elizabethtown | 45 | $192 | — |
| Madisonville | 40 | $99 | — |
| Harrodsburg | 36 | $109 | — |
| Shepherdsville | 33 | — | — |
| Benton | 32 | $107 | — |
| Versailles | 31 | $146 | — |
| Glasgow | 29 | $126 | — |
| Paris | 29 | $538 | — |
| Newport | 27 | — | — |
| Shelbyville | 26 | — | — |
| Campbellsville | 24 | $105 | — |
| Hodgenville | 24 | $140 | — |
| Radcliff | 24 | — | — |
| Henderson | 23 | — | — |
| Mayfield | 23 | $175 | — |
| Russell Springs | 21 | $135 | — |
| Irvine | 20 | $76 | — |
| Morehead | 20 | $167 | — |
| Williamsburg | 19 | $117 | — |
| Lancaster | 18 | $109 | — |
| Lawrenceburg | 18 | $320 | — |
Same method as the statewide figures. A dash means fewer than 10 listings with a usable price.
Frequently Asked Questions
What is the median price per square foot for commercial property in Kentucky?
How much does it cost to lease commercial space in Kentucky?
Which cities have the highest and lowest commercial property prices?
How do commercial property prices in Kentucky compare with neighboring states?
Which markets in Kentucky have the most active listings?
Where does Realmo's market data come from?
Methodology and Data Sources
- Listing coverage
- Asking figures come from 3,076 active for-sale and 2,020 active for-lease listings across Kentucky in Realmo's public listing index. They are asking prices, not closed-transaction prices. Sale and lease counts are separate and may overlap. Land listings are not counted. The medians are based on the 2,080 for-sale and 1,104 for-lease listings that state a price or rent per square foot.
- Asking prices and rents
- Prices are medians of each listing's asking price per square foot, so a few very high or very low listings do not skew them. Data-entry errors are left out, and a median is published only with at least 10 listings with a usable price. A listing with a price range can contribute both endpoints.
- Neighboring states
- Neighboring-state comparisons use the same method and the same snapshot for every state, plus the United States as a reference.
- City markets
- The city list includes cities with more than 3 active listings whose market page has enough data to publish, ordered by active listings, up to 40. The price ranking covers cities with at least 10 priced listings for each metric and leaves out a city more than three times above or below the statewide median. City counts and prices use the same method as the statewide figures, so the table compares like with like; a city's own market page uses its own method, so its figures can differ.
- Updates
- Statewide and neighboring-state figures refresh hourly and city figures daily. Last updated 6 November 2026.
