The typical asking rate per listing is in the $0's per square foot per year. The Downtown Lexington submarket is going through a decline in rates. In the last 3 months, the median rate decreased $20 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 22 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. 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 sqft. Most properties in this region are approximately 6 stories. Most buildings in this area were built in 1966 and are Class A.
This market is fairly equally mixed residential and commercial. Information is the dominant industry in this region. 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.