Most listings are in the $20's per square foot per year. The The Highlands submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Louisville market, the The Highlands region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 140 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the office spaces in the The Highlands are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 buildings in this area are close to 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. Manufacturing is the dominant industry in this area. Most of the occupants of The Highlands work from home. 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 The Highlands.
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