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The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The Central Louisville submarket is seeing a a rise in rates. In the last 3 months, the median rate for lease rose $3 per sqft per year. That's a 15% increase in rent.
Compared to the rest of the Louisville commercial real estate market, the Central Louisville region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 694 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 0% of the available commercial real estate space in the Central Louisville are subleases, so you will probably have to focus your search on direct leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 100 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built close to 1893 and are Class .
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 market. Commute by bike is the most popular way to get to work amongst Central Louisville 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 Central Louisville.
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