Commercial Real Estate Market in Florence, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
70 active listings and 1,346 off-market properties in Florence, KY. Commercial property asks $138/SF to buy and $12.00/SF/Yr to lease (based on 6 listings).
Market Trends
Florence, KY spans 22.1 square miles in Boone County, Kentucky. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Florence, KY has a median asking sale price of $138/SF (based on 8 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Florence, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Florence, KY 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 vacancy in Florence, KY 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
- Planned_development 50.4%
- Residential 32.5%
- Industrial 4.4%
- Commercial 3.9%
- Agricultural 2.5%
- Open space 2.2%
Largest Zones share of zoned land by district
The purpose of the district is to provide a low density, residential environment whose dwelling types and densities are typical of a suburban character
Market overview
Demographics & Economy
Florence, KY has 54,183 residents in 23,640 households. Density runs 2,450 people per square mile. Median household income here is $75,582 and median gross rent $1,240 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Florence?
How much does it cost to lease commercial space in Florence?
Where does Realmo's Florence market data come from?
Methodology & data sources
- Asking prices and medians
- There are 31 active for-sale and 39 active for-lease listings in Florence, KY. The medians are based on 11 of the for-sale and 6 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: 7,136 zoned acres across 95 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
