Commercial Real Estate Market in Ashland, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
43 active listings and 1,472 off-market properties in Ashland, KY. Commercial property asks $99/SF to buy and $11.78/SF/Yr to lease (based on 3 listings).
Market Trends
Ashland, KY spans 60.0 square miles in Boyd County, Kentucky. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Ashland, KY has a median asking sale price of $143/SF. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Ashland, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Ashland, KY has a median asking sale price of $59/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 Ashland, KY has a median asking sale price of $104/SF (based on 7 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
- Commercial 80.6%
- Industrial 18.8%
- Civic 0.5%
- Planned_development 0.1%
Largest Zones share of zoned land by district
Ashland, KY zones 7,989 acres across 12 districts. Commercial zoning covers 80.6% of zoned land, industrial 18.8%. The largest single district is Single Family Residential Low Density at 30.3%. For commercial buyers the practical constraint is that only 99.4% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Ashland, KY has 39,660 residents in 18,049 households. Density runs 661 people per square mile. Median household income here is $61,269 and median gross rent $845 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Ashland?
How much does it cost to lease commercial space in Ashland?
What zoning applies to commercial property in Ashland?
Where does Realmo's Ashland market data come from?
Methodology & data sources
- Asking prices and medians
- There are 38 active for-sale and 5 active for-lease listings in Ashland, KY. The medians are based on 25 of the for-sale and 3 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: 7,989 zoned acres across 12 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
