Commercial Real Estate Market in Troy, MO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
64 active listings and 455 off-market properties in Troy, MO. Commercial property asks $30/SF to buy and $15.30/SF/Yr to lease.
Market Trends
Troy, MO spans 135.9 square miles in Lincoln County, Missouri. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Troy, MO runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Troy, MO runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Troy, MO runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
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
Single Family Residential District
Highway Commercial District
Park And Recreation District
Light Industrial District
Single Family Residential 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.
26,583
Population
10,464
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
94%
High-School Grad
135.9 sq mi
ZIP Area
196
Density / Sq Mi
$86,844
Median Household Income
$47,088
Median Earnings
$976
Median Rent
$238,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Moscow Mills | — | — |
| Old Alexandria | — | — |
| Davis | — | — |
| Briscoe | — | — |
Commercial property in Troy, MO asks $30/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Troy?
Commercial property in Troy, MO asks an average of $30 per square foot.
How much does it cost to lease commercial space in Troy?
Asking lease rates in Troy, MO average $15.30 per square foot per year.
What zoning applies to commercial property in Troy?
Troy, MO zones 5,006 acres across 14 districts, of which 16.4% is commercial and 11.2% industrial. The largest single district is Single Family Residential District at 51.4% of zoned land. Residential zoning covers 58.8% and open space 7.7%.
Where does Realmo's Troy market data come from?
Realmo compiles Troy, MO figures from 56 active sale listings, 8 active lease listings, 455 tracked off-market properties, the current Troy zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 56 active for-sale and 8 active for-lease listings in Troy, MO. 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: 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 August 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 August 2026 · report a data issue
