Commercial Real Estate Market in Crestwood, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
36 active listings and 351 off-market properties in Crestwood, KY. Commercial property asks $107/SF to buy and $14.00/SF/Yr to lease.
Market Trends
Crestwood, KY spans 52.1 square miles in Oldham County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Crestwood, KY runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Crestwood, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Crestwood, KY 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 vacancy in Crestwood, KY runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 62%
- Planned_development 19.9%
- Commercial 11.7%
- Industrial 6.4%
- Open space 0.1%
Largest Zones share of zoned land by district
Residential District
Planned Unit Development
Conservation Residential District
General Business District
Light Industrial District
Crestwood, KY zones 2,561 acres across 16 districts. Commercial zoning covers 11.7% of zoned land, residential 62%, open space 0.1% and industrial 6.4%. The largest single district is Residential District at 40.4%. For commercial buyers the practical constraint is that only 18% of land carries a commercial or industrial designation.
Residential District (R-2)
The purpose of the R-2 Residential District is to allow, preserve and protect the character of low density, detached single-family areas and neighborhoods at densities up to 3.63 dwelling units per acre.
Market overview
Demographics & Economy
Crestwood, KY has 22,255 residents in 8,028 households. Density runs 427 people per square mile. Median household income here is $118,750 and median gross rent $1,117 a month.
22,255
Population
8,028
Households
2.8
Avg Household Size
40
Median Age
47%
College-Educated
97%
High-School Grad
52.1 sq mi
ZIP Area
427
Density / Sq Mi
$118,750
Median Household Income
$57,297
Median Earnings
$1,117
Median Rent
$381,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ballardsville | — | — |
| Pewee Valley | — | — |
| Orchard Grass Hills | — | — |
| Coldstream | — | — |
Commercial property in Crestwood, KY asks $107/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Crestwood?
Commercial property in Crestwood, KY asks an average of $107 per square foot. The 3 most recent recorded sales traded at a median of $256/SF.
How much does it cost to lease commercial space in Crestwood?
Asking lease rates in Crestwood, KY average $14.00 per square foot per year.
What zoning applies to commercial property in Crestwood?
Crestwood, KY zones 2,561 acres across 16 districts, of which 11.7% is commercial and 6.4% industrial. The largest single district is Residential District at 40.4% of zoned land. The purpose of the R-2 Residential District is to allow, preserve and protect the character of low density, detached single-family areas and neighborhoods at densities up to 3.63 dwelling units per acre. Residential zoning covers 62% and open space 0.1%.
Where does Realmo's Crestwood market data come from?
Realmo compiles Crestwood, KY figures from 5 recent recorded sales, 34 active sale listings, 2 active lease listings, 351 tracked off-market properties, the current Crestwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 34 active for-sale and 2 active for-lease listings in Crestwood, KY. 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: 2,561 zoned acres across 16 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 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 August 2026 · report a data issue
