On average, listings lease in the $10's per square foot per year. The Butchertown submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $25 per sqft per year. That's a 61% decline in rent.
Compared to the rest of the Louisville market, the Butchertown submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 20 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 15% of the office spaces in the Butchertown are subleases, so you might be able to find a shorter term or below market rent. 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 4,560 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this market were built in 0 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Health care is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Butchertown occupants. Commuting approximately 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 Butchertown.
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