Commercial Real Estate Market in Newport, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
31 active listings and 2,500 off-market properties in Newport, KY. Commercial property asks $155/SF to buy and $11.93/SF/Yr to lease.
Market Trends
Newport, KY spans 32.9 square miles in Campbell County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Newport, 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 Newport, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Newport, 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 Newport, 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
- Residential 39.4%
- Commercial 31.2%
- Agricultural 10.9%
- Planned_development 8.7%
- Mixed use 4.4%
- Industrial 3.6%
- Open space 1.7%
Largest Zones share of zoned land by district
Single Family Detached
Single And Two Family Attached Hillside
Conservation
Single And Two Family Attached
Single And Two Family Attached
Newport, KY zones 1,954 acres across 18 districts. Commercial zoning covers 31.2% of zoned land, residential 39.4%, open space 1.7% and industrial 3.6%. The largest single district is Single Family Detached at 28.4%. For commercial buyers the practical constraint is that only 34.8% of land carries a commercial or industrial designation.
Single Family Detached (R-1)
R-1, R-2, R-3, R-4, R-5, CBD, NC, SC, PO, RFD, CBDF, I-1, and I-2. BUSINESS: Commercial establishments that provide, as their primary activity, sale of goods and/or services to individuals as well as to other commercial establishments. CANOPY (MARQUEE): A permanent roof-like shelter extending from a building face serving the purpose of protecting pedestrians…
Market overview
Demographics & Economy
Newport, KY has 66,004 residents in 31,077 households. Density runs 2,008 people per square mile. Median household income here is $73,958 and median gross rent $1,092 a month.
66,004
Population
31,077
Households
2.1
Avg Household Size
38
Median Age
43%
College-Educated
93%
High-School Grad
32.9 sq mi
ZIP Area
2,008
Density / Sq Mi
$73,958
Median Household Income
$44,180
Median Earnings
$1,092
Median Rent
$217,010
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dayton | — | — |
| Fort Thomas | — | — |
| Woodlawn | — | — |
| Bellevue | — | — |
Commercial property in Newport, KY asks $155/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Newport?
Commercial property in Newport, KY asks an average of $155 per square foot. The 7 most recent recorded sales traded at a median of $164/SF.
How much does it cost to lease commercial space in Newport?
Asking lease rates in Newport, KY average $11.93 per square foot per year.
What zoning applies to commercial property in Newport?
Newport, KY zones 1,954 acres across 18 districts, of which 31.2% is commercial and 3.6% industrial. The largest single district is Single Family Detached at 28.4% of zoned land. R-1, R-2, R-3, R-4, R-5, CBD, NC, SC, PO, RFD, CBDF, I-1, and I-2. BUSINESS: Commercial establishments that provide, as their primary activity, sale of goods and/or services to individuals as well as to other commercial establishments. CANOPY (MARQUEE): A permanent roof-like shelter extending from a building face serving the purpose of protecting pedestrians… Residential zoning covers 39.4% and open space 1.7%.
Where does Realmo's Newport market data come from?
Realmo compiles Newport, KY figures from 8 recent recorded sales, 18 active sale listings, 13 active lease listings, 2,500 tracked off-market properties, the current Newport zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 18 active for-sale and 13 active for-lease listings in Newport, 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: 1,954 zoned acres across 18 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
