Commercial Real Estate Market in Louisville, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
990 active listings and 16,854 off-market properties in Louisville, KY. Commercial property asks $123/SF to buy and $17.00/SF/Yr to lease. Office vacancy runs 18.8%, the loosest of the segments tracked here.
Market Trends
Louisville, KY spans 353.2 square miles in Jefferson County, Kentucky. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Louisville, KY asks $23.10/SF/Yr to lease; the median asking sale price is $130/SF. Vacancy runs 18.8% in 2025, up from 12.4% in 2019.
Retail
Retail space in Louisville, KY asks $16.65/SF/Yr to lease; the median asking sale price is $130/SF. Vacancy runs 4.8% in 2025, down from 5.4% in 2019.
Industrial
Industrial space in Louisville, KY asks $11.55/SF/Yr to lease; the median asking sale price is $90/SF. Vacancy runs 3.7% in 2025, down from 5.1% in 2019. Nearly 2.2x the 2021 low of 1.7%.
Multifamily
Multifamily space in Louisville, KY has a median asking sale price of $119/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 82.1%
- Industrial 6.1%
- Commercial 3.3%
- Planned_development 0.6%
Largest Zones share of zoned land by district
Louisville, KY zones 180,744 acres across 35 districts. Commercial zoning covers 3.3% of zoned land, residential 82.1% and industrial 6.1%. The largest single district is Residential Single Family District at 50.8%. For commercial buyers the practical constraint is that only 9.4% of land carries a commercial or industrial designation.
The intent of this zone is to promote Residential Single‑Family District uses
Market overview
Demographics & Economy
Louisville, KY has 772,772 residents in 351,549 households. Density runs 2,188 people per square mile. Median household income here is $69,908 and median gross rent $1,144 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Louisville?
How much does it cost to lease commercial space in Louisville?
What is the office vacancy rate in Louisville?
Which property type has the lowest vacancy in Louisville?
What zoning applies to commercial property in Louisville?
Where does Realmo's Louisville market data come from?
Methodology & data sources
- Asking prices and medians
- There are 520 active for-sale and 470 active for-lease listings in Louisville, KY. The medians are based on 404 of the for-sale and 222 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: 180,744 zoned acres across 35 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
- multifamily 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
