Most listings are in the $20's per square foot per year. The Central Louisville region is experiencing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Louisville market, the Central Louisville submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 694 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the available leases in the Central Louisville 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 available, so finding a space for a small business might be tough.
Even though the median size is 7,830 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built in 1895 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Central Louisville folk. Commuting around 20 minutes 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 Louisville.
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