The typical asking rate per listing is in the $30's per square foot per year. The Downtown Lexington region is seeing a a rise in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 52% increase in rent.
In the last 90 days, 19 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,630 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 6 floors. Most buildings in this region 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 market. Commute by car is the most popular way to get to work amongst Downtown Lexington folk. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.