On average, listings lease in the $20's per square foot per year. The Downtown Lexington submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $22 per sqft per year.
In the last 90 days, 22 listings have been posted online, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 36% of the office spaces 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 11,830 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 6 stories. Most buildings in this area were built in 1966 and are Class A.
This area is fairly equally mixed residential and commercial. Information is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Lexington occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.