On average, listings lease in the $20's per square foot per year. The Downtown Lexington submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 6% increase in rent.
In the last 90 days, 7 listings have come on the market, which means spaces are probably 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,190 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 6 stories. Most buildings in this region were built in 1975 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Information is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Lexington folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.