Downtown Lexington Sublease

Downtown Lexington

Office Space Market Report

Number of Listings (last 90 days)
22
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
12,740
As of: June 28, 2017

Downtown Lexington Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Lexington submarket is going through a a rise in rates. In the last 3 months, the median rate rose $25 per sqft per year.

Downtown Lexington Listing Supply

In the last 90 days, 22 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 23% of the listings in the Downtown Lexington are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 12,740 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 6 stories. Most buildings in this region were built in 1966 and are Class A.

Downtown Lexington Community

This market is fairly equally mixed residential and commercial. Information is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Lexington residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Lexington.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Lexington.
Research