On average, listings lease in the $20's per square foot per year. The Louisville submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Louisville market, the Louisville region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 59 listings have been posted online, so you'll want to check back regularly for new listings. About 105% of the available space in the Louisville are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,490 sqft. Most buildings in this region are close to 2 stories. Most buildings in this area were built in 1890 and are Class B.