Frankfort, Kentucky: A Premier Destination for Commercial Real Estate

Introduction

Frankfort, Kentucky, serves as a compelling hub for commercial real estate (CRE) with its strategic location and diversified economy. As the state capital, Frankfort boasts a unique blend of government, education, and healthcare industries that drive demand across various CRE sectors. Its central location within the state offers access to major transportation networks, making it an attractive option for businesses seeking to capitalize on regional and national markets. This page explores Frankfort's CRE landscape, highlighting its economic strengths, key infrastructure, and major developments to provide a comprehensive resource for real estate professionals.

Economic and Industry Overview

Frankfort is home to a diverse economic base, with significant contributions from government services, healthcare, and manufacturing. The presence of state government offices creates a stable demand for office spaces, while healthcare facilities drive growth in medical office buildings. The manufacturing sector, including automotive and bourbon production, fuels demand for industrial properties. The Kentucky Cabinet for Economic Development actively promotes business growth and offers incentives to attract new industries, further enhancing the CRE market.

Strategic Location and Transportation Infrastructure

Frankfort's strategic positioning offers significant logistical advantages. Key transportation infrastructures include:

• Highways: Access to Interstate 64 connects Frankfort to major cities like Louisville and Lexington, facilitating efficient distribution and commuting.
• Airports: The proximity to Blue Grass Airport in Lexington and Louisville International Airport provides access to national and international flights.
• Rail Lines: CSX Transportation offers freight rail services, supporting industrial and commercial activities.

For more information, visit the Kentucky Transportation Cabinet and the Kentucky Department of Aviation.

Commercial Real Estate Inventory & Zoning

Frankfort's CRE market comprises several key submarkets, including the central business district (CBD), industrial corridors, and innovation districts. Key asset classes include:

• Office: Government and professional services drive demand in the CBD.
• Industrial: Manufacturing and logistics facilities are concentrated along major transportation routes.
• Retail: Shopping centers and standalone stores cater to local and regional consumers.

The city offers incentives for developers, including Opportunity Zones and tax abatements. Explore Frankfort's zoning maps for detailed zoning information.

Major Employers and Institutions

Frankfort's economy is bolstered by major employers, including:

• State Government: As the state capital, government offices are a significant CRE driver.
• Frankfort Regional Medical Center: A leading healthcare provider requiring medical office space.
• Jim Beam Brands Co.: A major player in the bourbon industry, impacting industrial real estate.

For more details, visit the Frankfort Economic Development Authority.

Notable Commercial Developments & Projects

Significant developments in Frankfort include:

• Mixed-Use Projects: Developments combining office, retail, and residential spaces.
• Opportunity Zones: Areas designated for economic revitalization through tax incentives.

Visit the Frankfort Planning Department for project maps and details.

Building Permits, Planning, and Development Tools

Access essential planning and development resources through these links:

• Building and Safety Department
• Permitting Portal
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Explore public data sets for Frankfort's economic insights:

• Census.gov
• Frankfort Open Data Portal

Brevitas leverages AI-powered aggregation from public data and internal insights to offer comprehensive market analyses. Visit our Brevitas Frankfort CRE page for detailed dashboards.

Why Use Brevitas for Frankfort, Kentucky CRE?

Brevitas offers a suite of AI-driven tools designed to enhance CRE transactions in Frankfort:

• AI-Driven Discovery: Tailor searches to specific needs with advanced algorithms.
• Real-Time Market Alerts: Stay updated with the latest property listings.
• Smart Property Pages: Access detailed property information effortlessly.
• Dealroom Collaboration: Streamline negotiations with integrated tools.

Unique features include auto-generated listing pages, email and landing page tools, and integration with brokers and developers, ensuring exclusive listings and premium exposure. Visit Brevitas to explore these features.