Commercial Real Estate Market in Shively, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 514 off-market properties in Shively, KY.
Market Trends
Shively, KY spans 15.7 square miles in Jefferson County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Shively, 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 Shively, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Shively, 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 space in Shively, KY asks $120/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 66.2%
- Industrial 21.8%
- Commercial 12.1%
Largest Zones share of zoned land by district
Residential Single Family District
Enterprise Zone District
Commercial District
Commercial District
Residential Multifamily District
Shively, KY zones 2,838 acres across 14 districts. Commercial zoning covers 12.1% of zoned land, residential 66.2% and industrial 21.8%. The largest single district is Residential Single Family District at 59.5%. For commercial buyers the practical constraint is that only 33.8% of land carries a commercial or industrial designation.
Residential Single Family District (R5)
The R-5 District is intended for low-density, single-family residential development, preserving neighborhood character and open space.
Market overview
Demographics & Economy
Shively, KY has 43,434 residents in 19,257 households. Density runs 2,775 people per square mile. Median household income here is $50,211 and median gross rent $883 a month.
43,434
Population
19,257
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
15.7 sq mi
ZIP Area
2,775
Density / Sq Mi
$50,211
Median Household Income
$35,503
Median Earnings
$883
Median Rent
$154,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wheatley | — | — |
| Parkway Village | — | — |
| New Albany | — | $15.90 |
| Audubon Park | — | — |
Commercial property in Shively, KY asks $55/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Shively?
Commercial property in Shively, KY asks an average of $55 per square foot. The 8 most recent recorded sales traded at a median of $120/SF. Multifamily carries the highest asking price at $120/SF.
What zoning applies to commercial property in Shively?
Shively, KY zones 2,838 acres across 14 districts, of which 12.1% is commercial and 21.8% industrial. The largest single district is Residential Single Family District at 59.5% of zoned land. The R-5 District is intended for low-density, single-family residential development, preserving neighborhood character and open space. Residential zoning covers 66.2% and open space 0%.
Where does Realmo's Shively market data come from?
Realmo compiles Shively, KY figures from 8 recent recorded sales, 2 active sale listings, 514 tracked off-market properties, the current Shively zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Shively, 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: 2,838 zoned acres across 14 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
