On average, listings lease in the $10's per square foot per year. The Louisville region is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 14% decrease in rent.
In the last 90 days, 18 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,610 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1999 and are Class A.