On average, listings lease in the $20's per square foot per year. The The Highlands submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $22 per sqft per year.
Compared to the rest of the Louisville market, the The Highlands region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 533% of the listings in the The Highlands are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,190 sqft. Most properties in this region are around 2 floors. Most buildings in this area were built in 1900 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 folk of The Highlands work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.