Most listings are in the $20's per square foot per year. The The Highlands submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Louisville market, the The Highlands submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 140 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the office spaces in the The Highlands are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,590 sqft. Most properties in this area are approximately 2 stories. Most buildings in this region were built in 1900 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Most of the occupants of The Highlands work from home. Commuting close to 30 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 The Highlands.
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