The typical asking rate per listing is in the $20's per square foot per year. The Downtown Lexington region is experiencing a decline in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 34% decrease in rent.
In the last 90 days, 7 listings have been listed, which means listings 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,570 sqft. Most buildings in this market are around 6 floors. Most buildings in this market were built in 1975 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Information is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Lexington residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.