Commercial Real Estate Market in London, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
223 active listings and 1,314 off-market properties in London, KY. Commercial property asks $33/SF to buy and $22.01/SF/Yr to lease.
Market Trends
London, KY spans 311.4 square miles in Laurel County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in London, KY asks $69/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 London, KY asks $103/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 London, 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 space in London, KY asks $76/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Commercial 45.2%
- Residential 41.3%
- Industrial 8.2%
- Special 3.7%
- Civic 1.6%
Largest Zones share of zoned land by district
General Business District
Two And Multifamily Residential
Heavy Industrial District
Single Family Residential
Airport
London, KY zones 6,827 acres across 10 districts. Commercial zoning covers 45.2% of zoned land, residential 41.3% and industrial 8.2%. The largest single district is General Business District at 44.3%. For commercial buyers the practical constraint is that only 53.4% of land carries a commercial or industrial designation.
General Business District (C-2)
The purpose of the C-2 District is to encourage the establishment of areas for highway business uses only. This district is specifically designed to serve the motoring public. C-2 districts are generally located at intersections or interchange areas along major arterial or interstate highways. Strip development is not encouraged.
Market overview
Demographics & Economy
London, KY has 43,573 residents in 18,503 households. Density runs 140 people per square mile. Median household income here is $62,381 and median gross rent $800 a month.
43,573
Population
18,503
Households
2.4
Avg Household Size
40
Median Age
18%
College-Educated
84%
High-School Grad
311.4 sq mi
ZIP Area
140
Density / Sq Mi
$62,381
Median Household Income
$37,528
Median Earnings
$800
Median Rent
$156,251
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pittsburg | — | — |
| East Bernstadt | — | — |
| Bush | — | — |
| Lily | — | — |
Commercial property in London, KY asks $33/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in London?
Commercial property in London, KY asks an average of $33 per square foot. Retail carries the highest asking price at $103/SF.
How much does it cost to lease commercial space in London?
Asking lease rates in London, KY average $22.01 per square foot per year.
What zoning applies to commercial property in London?
London, KY zones 6,827 acres across 10 districts, of which 45.2% is commercial and 8.2% industrial. The largest single district is General Business District at 44.3% of zoned land. The purpose of the C-2 District is to encourage the establishment of areas for highway business uses only. This district is specifically designed to serve the motoring public. C-2 districts are generally located at intersections or interchange areas along major arterial or interstate highways. Strip development is not encouraged. Residential zoning covers 41.3% and open space 0%.
Where does Realmo's London market data come from?
Realmo compiles London, KY figures from 7 recent recorded sales, 205 active sale listings, 18 active lease listings, 1,314 tracked off-market properties, the current London zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 205 active for-sale and 18 active for-lease listings in London, 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: 6,827 zoned acres across 10 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
