Highlights
- The average rent for office space in Florence is $22.00 per square foot, 7.88% lower compared to the previous year.
- The market’s vacancy rate stands at 29.43%, higher than the state average of Kentucky, which is 17.37%.
2025 Office Space Rent & Sales
- $22.00 2025 Avg. Asking Rent
- -7.88% Y-o-Y Avg. Asking Rent Change
- 29.43% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Florence?
Average asking rents for office space here stand at $22.00 per square foot. The local office market recorded an average vacancy rate of 29.43% in 2025, unchanged from 29.43% in 2024.
Florence, KY Office Asking Rents by Class
What is the average office rent per square foot by property class in KY?
- Avg. Asking Rent Class A & A+$20.35
- Avg. Asking Rent Class B$19.80
- Avg. Asking Rent Class C$15.31
For comparison, the average rent for Class A and A+ office space in Kentucky was $20.35 per square foot. The state-wide average for Class B space was $19.80 per square foot, and Class C office spaces averaged $15.31 per square foot.
What are the largest recent office completions in Florence?
The largest recent office completion here is Kentucky Drive Bus Park #2 at 61,400 square feet, completed in 1976. The next largest completions are Florence Executive Center I and Florence Executive Center II.
| 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 |
| Office Suite #1 | 7413 Us Highway 42, 41042 | 1,200 | 1998 |
| 7998 Dixie Hwy | 7998 Dixie Hwy, 41042 | 1,120 | 1998 |
| Office / Medical Building | 7075 Industrial Rd, 41051 | 8,300 | 1978 |
| Kentucky Drive Bus Park #2 | 7960 Kentucky Dr., 41042 | 61,400 | 1976 |
| Florence Business Center | 7505 Sussex Dr, 41042 | 25,000 | 1975 |
| Park Plaza | 7536 US Highway 42, 41042 | 12,000 | 1975 |
| 6616 Dixie Hwy | 6616 Dixie Hwy, 41042 | 9,408 | 1968 |
See reports for other markets
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.