On average, listings lease in the $20's per square foot per year. The Downtown Lexington submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 32% decline in rent.
In the last 90 days, 6 listings have been listed, which means office 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.
Even though the median size is 2,890 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 6 stories. Most buildings in this area 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 region. Commute by car is the most popular way to get to work amongst Downtown Lexington occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.