Commercial Real Estate Market in London, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
47 active listings and 1,314 off-market properties in London, KY. Commercial property asks $88/SF to buy and $11.73/SF/Yr to lease.
Market Trends
London, KY spans 311.4 square miles in Laurel County, Kentucky. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in London, KY has a median asking sale price of $89/SF (based on 6 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in London, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
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%.
Multifamily
Multifamily space in London, KY has a median asking sale price of $334/SF (based on 4 listings). 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
- Commercial 45.2%
- Residential 41.3%
- Industrial 8.2%
- Special 3.7%
- Civic 1.6%
Largest Zones share of zoned land by district
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in London?
How much does it cost to lease commercial space in London?
What zoning applies to commercial property in London?
Where does Realmo's London market data come from?
Methodology & data sources
- Asking prices and medians
- There are 25 active for-sale and 22 active for-lease listings in London, KY. The medians are based on 14 of the for-sale and 10 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: 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 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
