The typical asking rate per listing is in the $20's per square foot per year. The Louisville region is seeing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Louisville market, the Louisville region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 59 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the listings in the Louisville are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,780 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 1885 and are Class B.