On average, listings lease in the $20's per square foot per year. The Central Business District region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Louisville market, the Central Business District region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 36 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available space in the Central Business District are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,530 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 4 stories. Most buildings in this area were built in 1890 and are Class B.
Education is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Central Business District folk. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.