On average, listings lease in the $20's per square foot per year. The Central Business District region is seeing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Louisville market, the Central Business District region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 32 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 4 stories. Most buildings in this region 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 occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.