Commercial Real Estate Market in Murray, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
67 active listings and 1,187 off-market properties in Murray, KY. Commercial property asks $147/SF to buy and $17.00/SF/Yr to lease.
Market Trends
Murray, KY spans 209.0 square miles in Calloway County, Kentucky. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Murray, KY runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Murray, KY has a median asking sale price of $165/SF (based on 5 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Typical asking range for active listings in Murray, KY (the middle half): Lease $14.55–$21.75/SF/Yr (median $17.00/SF/Yr, 16 listings).
Industrial
Industrial space in Murray, KY has a median asking sale price of $179/SF (based on 4 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 Murray, KY has a median asking sale price of $130/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Typical asking range for active listings in Murray, KY (the middle half): Sale $111–$150/SF (median $130/SF, 12 listings).
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 43.1%
- Civic 19.6%
- Commercial 14.4%
- Industrial 11%
- Agricultural 10.5%
- Special 1.4%
Largest Zones share of zoned land by district
This zone is established to preserve the rural character of the agricultural service area by promoting agriculture and agricultural related uses
Market overview
Demographics & Economy
Murray, KY has 29,703 residents in 14,174 households. Density runs 142 people per square mile. Median household income here is $48,976 and median gross rent $841 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Murray?
How much does it cost to lease commercial space in Murray?
Where does Realmo's Murray market data come from?
Methodology & data sources
- Asking prices and medians
- There are 31 active for-sale and 36 active for-lease listings in Murray, KY. The medians are based on 28 of the for-sale and 23 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: 7,502 zoned acres across 15 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
