The typical asking rate per listing is in the $20's per square foot per year. The Louisville submarket is going through a decline in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Louisville market, the Louisville submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 59 listings have been listed, so you'll want to check back regularly for new listings. About 114% of the available leases in the Louisville are subleases, so you might be able to snag a great spot on a short term. 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 2,400 sqft. Most properties in this area are approximately 2 floors. Most buildings in this region were built in 1890 and are Class B.