Commercial Real Estate Market in Franklin, LA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
70 active listings and 1,248 off-market properties in Franklin, LA. Commercial property asks $9/SF to buy and $9.36/SF/Yr to lease.
Market Trends
Franklin, LA spans 229.9 square miles in St. Mary County, Louisiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Franklin, LA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Franklin, LA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Franklin, LA 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 Franklin, LA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Franklin, LA has 12,604 residents in 6,428 households. Density runs 55 people per square mile. Median household income here is $55,662 and median gross rent $860 a month.
12,604
Population
6,428
Households
2
Avg Household Size
42
Median Age
14%
College-Educated
85%
High-School Grad
229.9 sq mi
ZIP Area
55
Density / Sq Mi
$55,662
Median Household Income
$36,436
Median Earnings
$860
Median Rent
$109,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Garden City | — | — |
| Baldwin | — | — |
| Centerville | — | — |
| Charenton | — | — |
Commercial property in Franklin, LA asks $9/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Franklin?
Commercial property in Franklin, LA asks an average of $9 per square foot.
How much does it cost to lease commercial space in Franklin?
Asking lease rates in Franklin, LA average $9.36 per square foot per year.
Where does Realmo's Franklin market data come from?
Realmo compiles Franklin, LA figures from 4 recent recorded sales, 65 active sale listings, 5 active lease listings, 1,248 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 65 active for-sale and 5 active for-lease listings in Franklin, LA. 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
