The typical asking rate per listing is in the $20's per square foot per year. The Lexington-Fayette submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decrease in rent.
In the last 90 days, 87 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available space in the Lexington-Fayette 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,940 sqft. Most buildings in this region are around 3 floors. Most buildings in this area were built in 1986 and are Class A.