On average, listings lease in the $20's per square foot per year. The The Highlands submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 18% decrease in rent.
Compared to the rest of the Louisville market, the The Highlands region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means office spaces are probably 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,900 sqft. Most buildings in this market are around 2 floors. Most buildings in this region were built in 1895 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Most of the folk of The Highlands work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.