Most listings are in the $30's per square foot per year. The Downtown Lexington region is going through a an increase in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 52% increase in rent.
In the last 90 days, 12 listings have come on the market, which means listings 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,630 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 6 stories. Most buildings in this region were built in 1975 and are Class A.
A large portion of this market 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 occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.