The typical asking rate per listing is in the $20's per square foot per year. The Central Business District submarket is going through a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Louisville market, the Central Business District submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 465 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the available space in the Central Business District are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 8,170 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 4 stories. Most buildings in this area were built in 1893 and are Class B.
Education is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Central Business District folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Central Business District.
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