On average, listings lease in the $10's per square foot per year. The Central Business District region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Louisville market, the Central Business District region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 36 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. 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 7,210 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 4 floors. Most buildings in this region were built in 1880 and are Class B.
Education is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Central Business District occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.