Downtown Lexington Office Space

Downtown Lexington

Office Space Market Report

Number of Listings (last 90 days)
22
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
4,620
As of: July 21, 2017

Downtown Lexington Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Lexington submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 19% increase in rent.

Downtown Lexington Listing Supply

In the last 90 days, 22 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 23% of the available leases in the Downtown Lexington 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,620 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 6 floors. Most buildings in this area were built in 1966 and are Class A.

Downtown Lexington Community

This market is fairly equally mixed residential and commercial. Information is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Lexington residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Lexington.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Lexington.
Research