Commercial Real Estate Market in Somerset, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
279 active listings and 2,081 off-market properties in Somerset, KY. Commercial property asks $23/SF to buy and $68.72/SF/Yr to lease.
Market Trends
Somerset, KY spans 329.2 square miles in Pulaski County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Somerset, KY asks $166/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Somerset, KY asks $160/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Somerset, 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 Somerset, KY asks $147/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
Somerset, KY has 42,717 residents in 19,627 households. Density runs 130 people per square mile. Median household income here is $51,718 and median gross rent $846 a month.
42,717
Population
19,627
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
85%
High-School Grad
329.2 sq mi
ZIP Area
130
Density / Sq Mi
$51,718
Median Household Income
$36,503
Median Earnings
$846
Median Rent
$170,152
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Walnut Grove | — | — |
| Ferguson | — | — |
| Elihu | — | — |
| Alcalde | — | — |
Commercial property in Somerset, KY asks $23/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Somerset?
Commercial property in Somerset, KY asks an average of $23 per square foot. Office carries the highest asking price at $166/SF.
How much does it cost to lease commercial space in Somerset?
Asking lease rates in Somerset, KY average $68.72 per square foot per year.
Where does Realmo's Somerset market data come from?
Realmo compiles Somerset, KY figures from 257 active sale listings, 22 active lease listings, 2,081 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 257 active for-sale and 22 active for-lease listings in Somerset, 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 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
