The typical asking rate per listing is in the $10's per square foot per year. The Central Louisville region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Louisville market, the Central Louisville submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 45 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the listings in the Central Louisville are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 5,700 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this area were built in 1881 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Central Louisville occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.