Most listings are in the $20's per square foot per year. The The Highlands submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 33% increase in rent.
Compared to the rest of the Louisville market, the The Highlands region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 2 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 7,980 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 1895 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Most of the occupants of The Highlands work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.