Commercial Real Estate Market in Troy, MO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
16 active listings and 455 off-market properties in Troy, MO.
Market Trends
Troy, MO spans 135.9 square miles in Lincoln County, Missouri. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Troy, MO runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Troy, MO runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Troy, MO runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily vacancy in Troy, MO runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 58.8%
- Commercial 16.4%
- Industrial 11.2%
- Open space 7.7%
- Planned_development 5.9%
Largest Zones share of zoned land by district
Troy, MO zones 5,006 acres across 14 districts. Commercial zoning covers 16.4% of zoned land, residential 58.8%, open space 7.7% and industrial 11.2%. The largest single district is Single Family Residential District at 51.4%. For commercial buyers the practical constraint is that only 27.6% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Troy, MO has 26,583 residents in 10,464 households. Density runs 196 people per square mile. Median household income here is $86,844 and median gross rent $976 a month.
Tools
Frequently Asked Questions
How much does it cost to lease commercial space in Troy?
What zoning applies to commercial property in Troy?
Where does Realmo's Troy market data come from?
Methodology & data sources
- Asking prices and medians
- There are 7 active for-sale and 9 active for-lease listings in Troy, MO. Too few for-sale listings state a price per square foot for a sale median; the rent median is based on 3 of the for-lease listings that state a 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: 5,006 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 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest 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
