Commercial Real Estate Market in Erlanger, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
36 active listings and 1,083 off-market properties in Erlanger, KY. Commercial property asks $19/SF to buy and $13.17/SF/Yr to lease.
Market Trends
Erlanger, KY spans 32.8 square miles in Kenton County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Erlanger, 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 Erlanger, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Erlanger, 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 Erlanger, 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
- Commercial 46.4%
- Civic 25.5%
- Industrial 14.8%
- Planned_development 6%
- Agricultural 4.1%
- Residential 2.1%
- Mixed use 1.2%
Largest Zones share of zoned land by district
Residential Compact Subdivision
Residential Conventional Subdivision
General Industrial
Business Park
Planned Unit Development
Residential Compact Subdivision (R-CPS)
The Residential Compact Subdivision District is intended to accommodate single-family residential neighborhoods comprised of smaller lots. Because of the smaller lot sizes, subdivisions should contain common open space and amenities. This district may be used to provide a transition between lower density residential areas and multi-family, commercial, or cen…
Market overview
Demographics & Economy
Erlanger, KY has 69,638 residents in 28,495 households. Density runs 2,124 people per square mile. Median household income here is $87,861 and median gross rent $1,010 a month.
69,638
Population
28,495
Households
2.4
Avg Household Size
38
Median Age
39%
College-Educated
94%
High-School Grad
32.8 sq mi
ZIP Area
2,124
Density / Sq Mi
$87,861
Median Household Income
$47,065
Median Earnings
$1,010
Median Rent
$234,166
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Elsmere | — | — |
| Edgewood | — | — |
| Crestview Hills | — | — |
| Florence | — | $9.98 |
Commercial property in Erlanger, KY asks $19/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Erlanger?
Commercial property in Erlanger, KY asks an average of $19 per square foot. The 5 most recent recorded sales traded at a median of $127/SF.
How much does it cost to lease commercial space in Erlanger?
Asking lease rates in Erlanger, KY average $13.17 per square foot per year.
Where does Realmo's Erlanger market data come from?
Realmo compiles Erlanger, KY figures from 7 recent recorded sales, 17 active sale listings, 19 active lease listings, 1,083 tracked off-market properties, the current Erlanger zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 17 active for-sale and 19 active for-lease listings in Erlanger, 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: 5,431 zoned acres across 17 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
