The typical asking rate per listing is in the $10's per square foot per year. The Central Business District submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Louisville market, the Central Business District region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 36 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 7,210 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this market were built in 1880 and are Class B.
Education is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Central Business District residents. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.