The typical asking rate per listing is in the $20's per square foot per year. The Central Business District submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Louisville market, the Central Business District region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 36 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 3% of the available space in the Central Business District are subleases, so you will probably have to focus your search on direct office leases. 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 8,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 4 floors. Most buildings in this area were built in 1885 and are Class B.
Education is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Central Business District occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.