Commercial Real Estate Market in Owensboro, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
118 active listings and 4,146 off-market properties in Owensboro, KY. Commercial property asks $111/SF to buy and $16.00/SF/Yr to lease.
Market Trends
Owensboro, KY spans 221.9 square miles in Daviess County, Kentucky. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Owensboro, KY runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Owensboro, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Owensboro, 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 Owensboro, KY has a median asking sale price of $88/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
- Residential 54.1%
- Commercial 24.9%
- Industrial 19.3%
- Agricultural 1.7%
Largest Zones share of zoned land by district
Owensboro, KY zones 13,598 acres across 18 districts. Commercial zoning covers 24.9% of zoned land, residential 54.1% and industrial 19.3%. The largest single district is Single Family Detached Residential at 16.3%. For commercial buyers the practical constraint is that only 44.3% of land carries a commercial or industrial designation.
Business, B-4 General Business, I-1 Light Industrial, I- 2 Heavy Industrial , P -1 Professional Service , and R - 4DT Inner City Residential zones. 21.21 Establish Specific Standards . Creation of different character districts within the Downtown Overlay area will enable specific site and locational standards to be enum erated and applied. Such standards wil…
Market overview
Demographics & Economy
Owensboro, KY has 86,760 residents in 37,888 households. Density runs 391 people per square mile. Median household income here is $62,493 and median gross rent $911 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Owensboro?
How much does it cost to lease commercial space in Owensboro?
What zoning applies to commercial property in Owensboro?
Where does Realmo's Owensboro market data come from?
Methodology & data sources
- Asking prices and medians
- There are 53 active for-sale and 65 active for-lease listings in Owensboro, KY. The medians are based on 10 of the for-sale and 19 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: 13,598 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 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
