On average, listings lease in the $20's per square foot per year. The Downtown Lexington region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decline in rent.
In the last 90 days, 149 listings have been listed, so you'll want to check back regularly for new listings. About 8% of the office spaces in the Downtown Lexington are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,870 sqft. Most properties in this area are around 8 stories. Most buildings in this area were built in 1966 and are Class A.
This area is fairly equally mixed residential and commercial. Information is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Lexington folk. Commuting around 10 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 Downtown Lexington.
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