On average, listings lease in the $10's per square foot per year. The Phoenix Hill region is seeing a decrease in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 47% decrease in rent.
Compared to the rest of the Louisville market, the Phoenix Hill submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 53 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the available space in the Phoenix Hill 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 on the market, 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 market are around 2 floors. Most buildings in this area 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. Professional services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Phoenix Hill folk. Commuting around 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 Phoenix Hill.
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