The typical asking rate per listing is in the $10's per square foot per year. The Limerick region is going through a an increase in rates. In the last 3 months, the median rate went up $16 per sqft per year.
Compared to the rest of the Louisville market, the Limerick submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 13 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,600 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 5 stories. Most buildings in this market were built in 1900 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the residents of Limerick work from home. Commuting between 30 and 45 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 Limerick.
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