Most listings are in the $20's per square foot per year. The Lexington-Fayette submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decline in rent.
In the last 90 days, 111 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the listings in the Lexington-Fayette are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,170 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area were built in 1986 and are Class A.