On average, listings lease in the $20's per square foot per year. The Downtown Lexington region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 34% decline in rent.
In the last 90 days, 7 listings have been posted online, which means office spaces might be 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.
The standard measurement for office space in this area is around 1,570 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 region 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 residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.