Commercial Real Estate Market in Franklin, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
70 active listings and 621 off-market properties in Franklin, KY. Commercial property asks $194/SF to buy and $16.51/SF/Yr to lease.
Market Trends
Franklin, KY spans 212.7 square miles in Simpson County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Franklin, 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 Franklin, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Franklin, 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 Franklin, 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
- Industrial 38%
- Residential 35.8%
- Commercial 9.3%
- Agricultural 0%
Largest Zones share of zoned land by district
Heavy Industrial
Interstate Interchange
Single Family
Single And Duplex Two Family
Single Family Small Lot
Franklin, KY zones 8,970 acres across 17 districts. Commercial zoning covers 9.3% of zoned land, residential 35.8% and industrial 38%. The largest single district is Heavy Industrial at 35%. For commercial buyers the practical constraint is that only 47.2% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Franklin, KY has 18,881 residents in 8,138 households. Density runs 89 people per square mile. Median household income here is $55,347 and median gross rent $1,002 a month.
18,881
Population
8,138
Households
2.3
Avg Household Size
40
Median Age
17%
College-Educated
89%
High-School Grad
212.7 sq mi
ZIP Area
89
Density / Sq Mi
$55,347
Median Household Income
$36,557
Median Earnings
$1,002
Median Rent
$193,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mitchellville | — | — |
| Woodburn | — | — |
| Portland | — | — |
| Orlinda | — | — |
Commercial property in Franklin, KY asks $194/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Franklin?
Commercial property in Franklin, KY asks an average of $194 per square foot.
How much does it cost to lease commercial space in Franklin?
Asking lease rates in Franklin, KY average $16.51 per square foot per year.
What zoning applies to commercial property in Franklin?
Franklin, KY zones 8,970 acres across 17 districts, of which 9.3% is commercial and 38% industrial. The largest single district is Heavy Industrial at 35% of zoned land. Residential zoning covers 35.8% and open space 0%.
Where does Realmo's Franklin market data come from?
Realmo compiles Franklin, KY figures from 6 recent recorded sales, 66 active sale listings, 4 active lease listings, 621 tracked off-market properties, the current Franklin zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 66 active for-sale and 4 active for-lease listings in Franklin, 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: 8,970 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
