Commercial Real Estate Market in Frankfort, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
94 active listings and 1,314 off-market properties in Frankfort, KY. Commercial property asks $120/SF to buy and $13.79/SF/Yr to lease.
Market Trends
Frankfort, KY spans 217.5 square miles in Franklin County, Kentucky. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Frankfort, KY has a median asking sale price of $132/SF (based on 9 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Frankfort, KY has a median asking sale price of $108/SF. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Frankfort, KY has a median asking sale price of $71/SF (based on 5 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 Frankfort, KY has a median asking sale price of $118/SF. 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
- 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 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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Midway | $375 | — |
| Lawrenceburg | $439 | — |
| Versailles | $228 | $14.00 |
Commercial property in Frankfort, KY asks $120/SF. The 3 bordering markets run from $228/SF in Versailles to $439/SF in Lawrenceburg, and the city sits below their $375/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Frankfort?
How much does it cost to lease commercial space in Frankfort?
How does Frankfort compare to nearby markets on price?
Where does Realmo's Frankfort market data come from?
Methodology & data sources
- Asking prices and medians
- There are 53 active for-sale and 41 active for-lease listings in Frankfort, KY. The medians are based on 40 of the for-sale and 20 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: 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 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
