Florence, KY
Commercial Real Estate Market Trends & Data

$217 Avg asking sale price
$14 Avg asking lease rate
39,777 SF Avg unit lease size
58,066 SF Avg building size for sale
7.75% Average cap rate

Florence's Demographic Profile

Florence has 14,077 households and a median income of $66,390, providing context for rent absorption and tenant demand across retail and multifamily assets. A +7% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 35,303
# Households 14,077
Median age 39
Median household income $66,390
Avg household size 2.0
Renter-occupied housing units 6,249
5-year population change +7%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Florence, KY

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Erlanger $175 4,008 SF 7.13%
Crestview Hills $157 4,796 SF 7.13%
Nearby Retail Markets Avg Cost/SF Typical Size
Florence $255 82,108 SF
Elsmere $283 7,518 SF
Erlanger $440 6,523 SF
Crescent Springs $1,140 4,300 SF
Villa Hills $1,140 4,300 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Covington $114 3,673 SF 8.04%
Newport $82 4,258 SF 8.04%
Cincinnati $126 35,901 SF 11.25%

Commercial Properties For Sale in Florence

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

8218 US Highway 42

Florence, KY 41042

  • 8,250 SF Retail Building
  • $950,000
For Sale

7847 Tanners Gate Ln

Florence, KY 41042

  • 8,400 SF Office Building
  • $1,200,000
For Sale

8780 US Highway 42

Florence, KY 41042

  • 22,265 SF Office Building
  • $3,150,000
For Sale

Turfway Crossing

Florence, KY 41042

  • 99,578 SF Retail Building
  • 8.00% Cap Rate
  • $17,050,000
For Sale

Cincinnati MSA Walgreens | 10% CAP | Abs NNN

Florence, KY 41042

  • 10,504 SF Retail Building
  • 10.00% Cap Rate
  • $3,050,000
For Sale

467 Erlanger Rd

Erlanger, KY 41018

  • 5,987 SF Office Building
  • $599,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Most Profitable Cities for Multifamily Investments in 2026
Most Profitable Cities for Multifamily Investments in 2026
Data-driven rankings of U.S. cities based on cap rates, pricing, inventory, and renter demand.
What Is a Cap Rate?
What Is a Cap Rate?
How To Calculate This Critical CRE Investment Metric and Why It Matters
How to Buy a Car Wash
How to Buy a Car Wash
Unlock the potential of car wash investments with expert insights on types, costs, and strategies
What Is a Triple-Net Lease? A Guide for CRE Investors
What Is a Triple-Net Lease? A Guide for CRE Investors
A breakdown of how triple-net leases divide costs between landlords and tenants, along with the tax implications and risks investors should weigh before signing.
Net Operating Income (NOI) Calculator
Net Operating Income (NOI) Calculator
Calculating NOI and Understanding the Significance of This Metric in Commercial Real Estate Investment
Common Area Maintenance Charges (CAM)
Common Area Maintenance Charges (CAM)
Understand CAM Fees: How Tenants Share Building Operating Costs
Understanding Existing Office Space Conditions
Understanding Existing Office Space Conditions
The Differences Between Shell Space, Full and Partial Build-Outs and Spec Suites
Tenant Improvement Allowance (TIA)
Tenant Improvement Allowance (TIA)
What Is a Tenant Improvement Allowance in Commercial Real Estate?

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Florence pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Florence $217 58,066 SF
Elsmere $235 29,298 SF
Erlanger $325 13,359 SF
Edgewood $220 4,846 SF
Crestview Hills $271 4,435 SF

Regional Demographic Comparison

This comparison places Florence alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Florence or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Florence 35,303 14,077 39 $66,390 2 6,249 7%
Elsmere 8,814 3,233 36 $59,584 3 1,056 1%
Erlanger 19,108 7,626 39 $71,802 2 2,415 2%
Edgewood 8,274 3,096 45 $112,415 3 311 1%
Crestview Hills 3,094 1,301 40 $85,067 2 411 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Florence, KY and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Florence

View All Commercial Real Estate For Sale in Florence
Is Florence a good market for a first-time commercial real estate investor?

Florence offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Florence?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Florence. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Florence?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Florence. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Florence compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Florence. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Florence acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Florence, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Cities
Commercial Market Reports