On average, listings lease in the $20's per square foot per year. The Central Louisville submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Louisville market, the Central Louisville submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 45 listings have been listed, so you'll want to check back regularly for new listings. About 113% of the listings in the Central Louisville 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.
The standard measurement for office space in this area is around 2,490 sqft. Most buildings in this market are around 2 floors. Most buildings in this region were built in 1890 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 around 20 minutes a day is the norm for those who opt to reside in this part of town.