2024 Office Space Rent & Sales
- $23.88 2024 Avg. Asking Rent
- 48.92% 2024 Office Vacancy Rate
Florence office price per square foot in 2024 was $23.88 on average. The local office market recorded an average vacancy rate of 48.92% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Kentucky Class A & A+ Office Space$20.10
- Kentucky Class B Office Space$18.92
Florence, KY Office Asking Rents by Class
Office Spaces for Rent in Kentucky
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Florence Executive Center II | 500 Meijer Drive, 41042 | 52,320 | 2004 |
| 4885 Houston Road | 4885 Houston Road, 41042 | 34,600 | 2003 |
| Florence Executive Center I | 600 Meijer Drive, 41042 | 52,349 | 2001 |
| Nicholas St Office Suites | 6555 Nicholas St, 41042 | 24,640 | 1989 |
| Florence Business Center | 7505 Sussex Dr, 41042 | 25,000 | 1975 |
| Park Plaza | 7536 US Highway 42, 41042 | 12,000 | 1975 |
Worth noting among recent office completions on the Florence market is Florence Executive Center II, which is currently the largest new office development in the city, at 52,320 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Florence commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.