Covington, KY Commercial Real Estate for Lease and Sale

Explore 30 listings of Covington commercial real estate for lease and for sale to find the best space for your business.

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St. Elizabeth Covington

1500 James Simpson Jr. Way, Peaselburg, Covington, KY
Property

Office

120,000 SF
Availability

1 Space

8,303 SF
Year Built

2009
For Lease Contact for pricing
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Rivercenter Sublease

50 E Rivercenter Blvd, Covington Central Business District, Covington, KY
Property

Office
Availability

1 Space

7,873 SF
For Lease Contact for pricing
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Fort Wright Executive Center

1881 Dixie Hwy, Fort Wright, KY
Property

Office

56,088 SF
Availability

5 Spaces

19,929 SF
Year Built

1983
For Lease

$17.50/SF/YR
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RiverCenter II

100 East Rivercenter Blvd, Covington Central Business District, Covington, KY
Property

Office

250,408 SF
Availability

2 Spaces

10,111 SF
Year Built

1999
For Lease Contact for pricing
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Wright's Summit III

810 Wright's Summit Pkwy., Fort Wright, Ft. Wright, KY
Property

Office

58,878 SF
Availability

2 Spaces

8,981 SF
Year Built

2016
For Lease

$19.50/SF/YR
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100 W 6th St

100 W 6th St, Mutter Gottes, Covington, KY
Property

Retail

11,750 SF
Availability

1 Space

1,044 SF
Year Built

1920
For Lease Contact for pricing
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RiverCenter I

50 East Rivercenter Blvd, Covington Central Business District, Covington, KY
Property

Office

301,981 SF
Availability

4 Spaces

16,766 SF
Year Built

1988
For Lease

$23.00/SF/YR
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Wright's Summit II

809 Wright's Summit Pkwy., Fort Wright, Ft. Wright, KY
Property

Office

38,130 SF
Availability

2 Spaces

5,584 SF
Year Built

2008
For Lease

$17.00/SF/YR
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Wright's Summit I

909 Wright's Summit Pkwy., Fort Wright, Ft. Wright, KY
Property

Office

38,100 SF
Availability

2 Spaces

6,588 SF
Year Built

2003
For Lease

$17.00/SF/YR
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800 Highland Avenue

800 Highland Avenue, Peaselburg, Covington, KY
Property

Multi-Family

92,000 SF
Year Built

1972
For Sale

Subject To Offer
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632 Russell St.

632 Russell St, Mutter Gottes, Covington, KY
Property

Office

18,847 SF
Year Built

1864
For Sale

$3,018,915
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Gateway Center

333 Scott Street, Covington Central Business District, Covington, KY
Property

Retail

6,434 SF
Availability

1 Space

6,434 SF
For Lease

$19.00/SF/YR
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722 Scott St

722 Scott St, Covington Central Business District, Covington, KY
Property

Office

11,526 SF
Availability

1 Space

3,298 SF
For Lease

$17.00/SF/YR
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6 East 5th Street
Oddfellows Coworking
6 East 5th Street 4th Floor, Covington, KY
Services

Meeting Room

Private Office

Dedicated Desk
Amenities

Complimentary coffee & tea

High-speed wifi

Mail services

Printer

Privacy booths

Window view
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1032 Madison Avenue
CovWorx
1032 Madison Avenue, Covington, KY
Services

Open Workspace

Meeting Room

Private Office
Amenities

Business address

Complimentary coffee & tea

Free water

High-speed wifi

Kitchen

Mail services

Office furniture

Parking

TV/Monitor
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614 Madison Avenue

614 Madison Ave., Covington Central Business District, Covington, KY
Property

Office

5,900 SF
Availability

1 Space

1,710 SF
Year Built

1920
For Lease

$24.95/SF/YR
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4 Sandbank Rd

4 Sandbank Rd, Ludlow, KY
Property

Industrial
Availability

1 Space

24,332 SF
For Lease Contact for pricing
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1 Sandbank Rd

1 Sandbank Rd, Ludlow, KY
Property

Industrial
Availability

1 Space

83,682 SF
For Lease Contact for pricing
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1 Sandbank Rd

1 Sandbank Rd, Ludlow, KY
Property

Industrial

83,682 SF
For Sale

$4,184,000
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501 Main Street

501 Main Street, Mainstrasse, Covington, KY
Property

Retail

3,100 SF
Availability

1 Space

3,100 SF
For Lease Contact for pricing
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1131 Holman Street

1131 Holman Street, Westside Covington, Covington, KY
Property

Retail

750 SF
Availability

1 Space

750 SF
For Lease Contact for pricing
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4 Sandbank Rd

4 Sandbank Rd, Ludlow, KY
Property

Industrial

24,332 SF
For Sale

$1,212,600
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1650 Russell St

1650 Russell St, Peaselburg, Covington, KY
Property

Industrial

10,700 SF
For Sale

$1,295,000
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35 W. 8TH STREET

35 W. 8TH STREET, Westside Covington, Covington, KY
Property

Office

4,000 SF
Availability

1 Space

4,000 SF
For Lease

$20.00/SF/YR
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103 East 3rd Street

103 East 3rd Street, Covington Central Business District, Covington, KY
Property

Retail
Availability

1 Space

4,400 SF
Year Built

2022
For Lease

$30.00/SF/YR
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1650 Russell St

1650 Russell St, Peaselburg, Covington, KY
Property

Industrial

10,700 SF
Availability

1 Space

10,700 SF
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Covington commercial real estate market incorporates 977,109 square feet of office space across 15 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Covington commercial real estate market includes 22,034 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Covington market, there is a total of 21,400 square feet of industrial property.

The listing inventory in Covington incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Covington is represented by Office space, which accounts for 127,659 square feet of available listings. Industrial space available in Covington adds up to 118,714 square feet.

Meanwhile, most of the listings of commercial property for sale in Covington are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Covington is $17.8 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Covington can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Covington, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Covington is in the Covington Central Business District neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Covington Central Business District area.

Meanwhile, retail space opportunities are most abundant in the Covington Central Business District submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Peaselburg.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $20 per square foot. In particular, the property type commanding the highest lease rates in Covington was Office space.

The average size of a commercial property in Covington depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Covington, the average size of an office property is 75,163 square feet.
Retail properties here incorporate an average of 5,509 square feet.
Industrial space in Covington is in buildings that are, on average 10,700 square feet in size.

Covington, KY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Covington currently add up to 262,101 square feet. The market offers 14 active office listing(s), which amount to 127,659 square feet and account for 58% of commercial spaces on the market. Local retail availability includes 15,728 square feet across 7 retail space(s). Industrial space for rent opportunities in Covington amount to 118,714 square feet across a total of 3 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	14	127,659
Retail	7	15,728
Industrial	3	118,714

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Covington, KY. Currently, there is 229,561 square feet of commercial property for sale here , which includes 1 office building(s) for sale , and 3 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	1	18,847
Industrial	3	118,714
Other	2	92,000

Covington, KY Commercial Real Estate for Lease and Sale

St. Elizabeth Covington

Rivercenter Sublease

Fort Wright Executive Center

RiverCenter II

Wright's Summit III

100 W 6th St

RiverCenter I

Wright's Summit II

Wright's Summit I

800 Highland Avenue

632 Russell St.

Gateway Center

722 Scott St

6 East 5th Street

1032 Madison Avenue

614 Madison Avenue

4 Sandbank Rd

1 Sandbank Rd

1 Sandbank Rd

501 Main Street

1131 Holman Street

4 Sandbank Rd

1650 Russell St

35 W. 8TH STREET

103 East 3rd Street

1650 Russell St

Frequently Asked Questions

Covington, KY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Covington, KY Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Covington, KY?

What factors affect the price of commercial real estate in Covington, KY?

What is the average rent for commercial space in Covington, KY?

What are the best areas for commercial real estate in Covington, KY?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Covington, KY?

Covington, KY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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