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Kentucky
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VACANCY
Apartment
The average Vacancy Rate was 4.7% in the Cincinnati metro
- Vacancy in the Cincinnati metro drifted downward by 10 basis points.
- Vacancy is expected to finish 2025 at 4.7% in the Cincinnati metro.
Distribution / Warehousing
The average Vacancy Rate was 9.3% in the Cincinnati metro
- No vacancy change since Q3 2024 in the Cincinnati metro.
- The Cincinnati metro had the lowest vacancy level since year-end 2022.
- Vacancy is expected to finish 2025 at 8.7% in the Cincinnati metro.
Flex / R&D
The average Vacancy Rate was 6.0% in the Cincinnati metro
- Vacancy in the Cincinnati metro drifted downward by 10 basis points.
- The Cincinnati metro had the lowest vacancy level since Q3 2009.
- Vacancy is expected to finish 2025 at 5.6% in the Cincinnati metro.
Office
The average Vacancy Rate was 21.2% in the Cincinnati metro
- Vacancy in the Cincinnati metro increased by 50 basis points.
- The Cincinnati metro had the highest vacancy level since Q3 1995.
- Vacancy is expected to finish 2025 at 20.4% in the Cincinnati metro.
Retail
The average Vacancy Rate was 10.7% in the Cincinnati metro
- Vacancy in the Cincinnati metro drifted downward by 20 basis points.
- Vacancy is expected to finish 2025 at 10.9% in the Cincinnati metro.
RENT
Apartment
The average Asking Rent was $1,171 in the Cincinnati metro
- Rent in the Cincinnati metro was up 0.3% from Q3 2024.
- Rent is expected to finish 2025 at $1,203 in the Cincinnati metro.
Distribution / Warehousing
The average Asking Rent was $4.84 in the Cincinnati metro
- Rent in the Cincinnati metro was up 0.2% from Q3 2024.
- Rent has risen in every quarter since Q2 2021 in the Cincinnati metro.
- Rent is expected to finish 2025 at $4.99 in the Cincinnati metro.
Flex / R&D
The average Asking Rent was $7.87 in the Cincinnati metro
- The Cincinnati metro remained flat rent since Q3 2024.
- Rent is expected to finish 2025 at $8.02 in the Cincinnati metro.
Office
The average Asking Rent was $20.07 in the Cincinnati metro
- Rent in the Cincinnati metro was up 0.5% from Q3 2024.
- Rent is expected to finish 2025 at $20.37 in the Cincinnati metro.
Retail
The average Asking Rent was $16.90 in the Cincinnati metro
- Rent in the Cincinnati metro was up 0.2% from Q3 2024.
- Rent is expected to finish 2025 at $17.19 in the Cincinnati metro.
VACANCY
Apartment
The average Vacancy Rate was 4.1% in the Knoxville metro
- Vacancy in the Knoxville metro drifted upward by 20 basis points.
- The Knoxville metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2025 at 4.0% in the Knoxville metro.
Distribution / Warehousing
The average Vacancy Rate was 1.9% in the Knoxville metro
- The Knoxville metro had the fourth lowest vacancy in the nation, and the second in the South Atlantic region, behind only Lexington.
- No vacancy change since Q3 2024 in the Knoxville metro.
- The Knoxville metro had the lowest vacancy level since Q1 2017.
Office
The average Vacancy Rate was 13.0% in the Knoxville metro
- The Knoxville metro had the second lowest vacancy in the nation, behind only Palm Beach.
- Vacancy in the Knoxville metro drifted downward by 40 basis points.
- Vacancy is expected to finish 2025 at 15.0% in the Knoxville metro.
Retail
The average Vacancy Rate was 13.5% in the Knoxville metro
- No vacancy change since Q3 2024 in the Knoxville metro.
- The Knoxville metro was among the 20 highest vacancies nationally.
- Vacancy is expected to finish 2025 at 12.5% in the Knoxville metro.
RENT
Apartment
The average Asking Rent was $1,147 in the Knoxville metro
- Rent in the Knoxville metro was down 0.9% from Q3 2024.
- Rent is expected to finish 2025 at $1,184 in the Knoxville metro.
Distribution / Warehousing
The average Asking Rent was $5.10 in the Knoxville metro
- Rent in the Knoxville metro was up 0.8% from Q3 2024.
- Rent is expected to finish 2025 at $5.18 in the Knoxville metro.
Office
The average Asking Rent was $19.56 in the Knoxville metro
- Rent in the Knoxville metro was down 0.1% from Q3 2024.
- Rent is expected to finish 2025 at $20.17 in the Knoxville metro.
Retail
The average Asking Rent was $15.61 in the Knoxville metro
- The Knoxville metro had the fifth fastest rent growth in the nation, and the second in the South Atlantic region, behind only Fort Lauderdale.
- Knoxville metro had its fastest rent rate of increase in four quarters.
- Rent is expected to finish 2025 at $15.73 in the Knoxville metro.
VACANCY
Apartment
The average Vacancy Rate was 5.0% in the Lexington metro
- Vacancy in the Lexington metro drifted upward by 10 basis points.
- Vacancy is expected to finish 2025 at 5.6% in the Lexington metro.
Distribution / Warehousing
The average Vacancy Rate was 0.6% in the Lexington metro
- The Lexington metro had the lowest vacancy in the nation.
- Vacancy in the Lexington metro drifted upward by 40 basis points.
- The Lexington metro had the highest vacancy level since Q2 2022.
Office
The average Vacancy Rate was 14.2% in the Lexington metro
- The Lexington metro had the sixth lowest vacancy in the nation and the third lowest in the South Atlantic.
- Vacancy in the Lexington metro fell by 80 basis points.
- The Lexington metro had the lowest vacancy level since year-end 2007.
Retail
The average Vacancy Rate was 12.6% in the Lexington metro
- Vacancy in the Lexington metro drifted upward by 20 basis points.
- The Lexington metro had the highest vacancy level since year-end 2003.
- Vacancy is expected to finish 2025 at 11.6% in the Lexington metro.
RENT
Apartment
The average Asking Rent was $1,031 in the Lexington metro
- Rent in the Lexington metro was up 0.1% from Q3 2024.
- Rent is expected to finish 2025 at $1,055 in the Lexington metro.
Distribution / Warehousing
The average Asking Rent was $6.40 in the Lexington metro
- Rent in the Lexington metro was up 0.5% from Q3 2024.
- Rent is expected to finish 2025 at $6.62 in the Lexington metro.
Office
The average Asking Rent was $17.66 in the Lexington metro
- Rent in the Lexington metro was up 0.2% from Q3 2024.
- Rent is expected to finish 2025 at $17.82 in the Lexington metro.
Retail
The average Asking Rent was $14.86 in the Lexington metro
- The Lexington metro remained flat rent since Q3 2024.
- Rent is expected to finish 2025 at $15.01 in the Lexington metro.
VACANCY
Apartment
The average Vacancy Rate was 6.1% in the Louisville metro
- Vacancy in the Louisville metro drifted upward by 20 basis points.
- The Louisville metro had the highest vacancy level since year-end 2021.
- Vacancy is expected to finish 2025 at 6.2% in the Louisville metro.
Distribution / Warehousing
The average Vacancy Rate was 5.9% in the Louisville metro
- Vacancy in the Louisville metro declined by 90 basis points.
- Vacancy is expected to finish 2025 at 6.2% in the Louisville metro.
Office
The average Vacancy Rate was 23.8% in the Louisville metro
- Vacancy in the Louisville metro drifted upward by 20 basis points.
- The Louisville metro was among the 20 highest vacancies nationally.
- Vacancy is expected to finish 2025 at 22.8% in the Louisville metro.
Retail
The average Vacancy Rate was 10.4% in the Louisville metro
- Vacancy in the Louisville metro drifted downward by 40 basis points.
- Vacancy is expected to finish 2025 at 9.6% in the Louisville metro.
RENT
Apartment
The average Asking Rent was $1,035 in the Louisville metro
- Rent in the Louisville metro was up 1.8% from Q3 2024.
- Louisville metro had its fastest rent rate of increase in six quarters.
- Rent is expected to finish 2025 at $1,050 in the Louisville metro.
Distribution / Warehousing
The average Asking Rent was $5.71 in the Louisville metro
- Rent in the Louisville metro was up 0.4% from Q3 2024.
- Rent has risen in every quarter since year-end 2020 in the Louisville metro.
- Rent is expected to finish 2025 at $5.87 in the Louisville metro.
Office
The average Asking Rent was $18.15 in the Louisville metro
- Rent in the Louisville metro was down 0.1% from Q3 2024.
- Rent is expected to finish 2025 at $18.36 in the Louisville metro.
Retail
The average Asking Rent was $17.69 in the Louisville metro
- Rent in the Louisville metro was up 0.3% from Q3 2024.
- Rent is expected to finish 2025 at $17.94 in the Louisville metro.
VACANCY
Apartment
The average Vacancy Rate was 9.5% in the Nashville metro
- The Nashville metro had the second highest vacancy in the nation. Only Austin is currently softer.
- Vacancy in the Nashville metro drifted upward by 30 basis points.
- The Nashville metro had the highest vacancy level since year-end 2009.
Distribution / Warehousing
The average Vacancy Rate was 2.6% in the Nashville metro
- The Nashville metro had the sixth lowest vacancy in the nation and the fourth lowest in the South Atlantic.
- Vacancy in the Nashville metro increased by 60 basis points.
- The Nashville metro had the highest vacancy level since Q3 2022.
Flex / R&D
The average Vacancy Rate was 11.6% in the Nashville metro
- Vacancy in the Nashville metro increased by 80 basis points.
- The Nashville metro was among the 10 highest vacancies nationally.
- Vacancy is expected to finish 2025 at 10.6% in the Nashville metro.
Office
The average Vacancy Rate was 17.9% in the Nashville metro
- Vacancy in the Nashville metro rose by 100 basis points.
- Vacancy is expected to finish 2025 at 18.5% in the Nashville metro.
Retail
The average Vacancy Rate was 10.7% in the Nashville metro
- Vacancy in the Nashville metro drifted upward by 40 basis points.
- The Nashville metro had the highest vacancy level since Q3 1998.
- Vacancy is expected to finish 2025 at 9.7% in the Nashville metro.
RENT
Apartment
The average Asking Rent was $1,597 in the Nashville metro
- Rent in the Nashville metro was down 0.1% from Q3 2024.
- Rent is expected to finish 2025 at $1,651 in the Nashville metro.
Distribution / Warehousing
The average Asking Rent was $5.88 in the Nashville metro
- Rent in the Nashville metro was up 0.3% from Q3 2024.
- Rent has risen in every quarter since year-end 2020 in the Nashville metro.
- Rent is expected to finish 2025 at $6.06 in the Nashville metro.
Flex / R&D
The average Asking Rent was $10.31 in the Nashville metro
- Rent in the Nashville metro was up 0.4% from Q3 2024.
- Rent is expected to finish 2025 at $10.59 in the Nashville metro.
Office
The average Asking Rent was $28.27 in the Nashville metro
- Rent in the Nashville metro was up 0.4% from Q3 2024.
- Rent is expected to finish 2025 at $28.53 in the Nashville metro.
Retail
The average Asking Rent was $17.95 in the Nashville metro
- Rent in the Nashville metro was up 0.4% from Q3 2024.
- Rent is expected to finish 2025 at $18.43 in the Nashville metro.