Most listings are in the $20's per square foot per year. The Central Business District submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Louisville market, the Central Business District region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 31 listings have come on the market, which means office spaces are probably 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 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 4 stories. Most buildings in this market were built in 1880 and are Class B.
Education is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Central Business District folk. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.