On average, listings lease in the $20's per square foot per year. The Lexington-Fayette submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 7% decrease in rent.
In the last 90 days, 87 listings have been listed, so you'll want to check back regularly for new listings. About 103% of the available leases in the Lexington-Fayette 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,900 sqft. Most properties in this area are approximately 3 stories. Most buildings in this region were built in 1986 and are Class A.