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.
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.
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.