On average, listings lease in the $20's per square foot per year. The Downtown Lexington submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decline in rent.
In the last 90 days, 22 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,640 sqft. Most buildings in this area are around 6 stories. Most buildings in this area were built in 1966 and are Class A.
This region is fairly equally mixed residential and commercial. Information is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Lexington folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.