Commercial Real Estate Market in Frankfort, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
214 active listings and 1,314 off-market properties in Frankfort, KY. Commercial property asks $59/SF to buy and $12.78/SF/Yr to lease.
Market Trends
Frankfort, KY spans 217.5 square miles in Franklin County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Frankfort, KY asks $115/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Frankfort, KY asks $118/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Frankfort, 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 Frankfort, 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 45.3%
- Civic 35.5%
- Commercial 10.4%
- Industrial 5.8%
- Special 1.9%
- Mixed use 0.7%
- Agricultural 0.3%
Largest Zones share of zoned land by district
Special Government District
Single Family Residential Suburban Density District
Single Family Residential Urban Density District
Single Family Large Lot
Planned Commercial District
Special Government District (SG)
Special Government District SG Special Flood Plain District SF Special Environmental District SE Planned Residential District PR Planned Commercial District PC Planned Mixed Use District PM Urban Mixed Use District UM 2.03 Zoning District Equivalency. For purpose of interpretation, districts established by these regulations shall replace districts previously…
Market overview
Demographics & Economy
Frankfort, KY has 52,133 residents in 24,224 households. Density runs 240 people per square mile. Median household income here is $67,125 and median gross rent $944 a month.
52,133
Population
24,224
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
93%
High-School Grad
217.5 sq mi
ZIP Area
240
Density / Sq Mi
$67,125
Median Household Income
$40,685
Median Earnings
$944
Median Rent
$199,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hatton | — | — |
| Midway | — | — |
| Bagdad | — | — |
| Stamping Ground | — | — |
Commercial property in Frankfort, KY asks $59/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Frankfort?
Commercial property in Frankfort, KY asks an average of $59 per square foot. Retail carries the highest asking price at $118/SF.
How much does it cost to lease commercial space in Frankfort?
Asking lease rates in Frankfort, KY average $12.78 per square foot per year.
Where does Realmo's Frankfort market data come from?
Realmo compiles Frankfort, KY figures from 6 recent recorded sales, 170 active sale listings, 44 active lease listings, 1,314 tracked off-market properties, the current Frankfort zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 170 active for-sale and 44 active for-lease listings in Frankfort, 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: 8,325 zoned acres across 22 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
