Commercial Real Estate Market in Saint Matthews, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
1,440 active listings and 16,854 off-market properties in Saint Matthews, KY. Commercial property asks $87/SF to buy and $16.93/SF/Yr to lease.
Market Trends
Saint Matthews, KY spans 11.7 square miles in Jefferson County, Kentucky. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Saint Matthews, KY asks $21.59/SF/Yr to lease. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in South region
Retail
Retail space in Saint Matthews, KY asks $16.65/SF/Yr to lease. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in South region
Industrial
Industrial space in Saint Matthews, KY asks $11.91/SF/Yr to lease. Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in South region
Multifamily
Multifamily space in Saint Matthews, KY asks $118/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Saint Matthews, KY has 30,104 residents in 14,507 households. Density runs 2,565 people per square mile. Median household income here is $98,583 and median gross rent $1,248 a month.
30,104
Population
14,507
Households
2.1
Avg Household Size
43
Median Age
68%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
2,565
Density / Sq Mi
$98,583
Median Household Income
$59,242
Median Earnings
$1,248
Median Rent
$401,500
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Saint Matthews?
Commercial property in Saint Matthews, KY asks an average of $87 per square foot. The 6 most recent recorded sales traded at a median of $91/SF. Multifamily carries the highest asking price at $118/SF.
How much does it cost to lease commercial space in Saint Matthews?
Asking lease rates in Saint Matthews, KY average $16.93 per square foot per year. Office asks $21.59/SF/Yr as of Q2 26, up from $17.79/SF/Yr in Q1 26.
Where does Realmo's Saint Matthews market data come from?
Realmo compiles Saint Matthews, KY figures from 6 recent recorded sales, 913 active sale listings, 527 active lease listings, 16,854 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 913 active for-sale and 527 active for-lease listings in Saint Matthews, 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
