The typical asking rate per listing is in the $20's per square foot per year. The Downtown Lexington submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 32% decrease in rent.
In the last 90 days, 6 listings have been made available, which means spaces 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 3,500 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 6 floors. Most buildings in this region were built in 1975 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Information is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Lexington folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.