
Louisville, the biggest city of Kentucky, is its renowned educational, sports, logistics, administrative, and economic center. Home to three out of the six state’s Fortune500 companies, and a number of other renowned brands, Louisville presents itself as a favorable office location. According to the latest data presented by CBRE, Louisville’s office stock offers the second-lowest rental rates in the major metropolitan markets of the country. On average, tenants are expected to pay approximately $18 per sq.ft. per year, when renting office space in Louisville. Out of all major cities of the Midwest region, only Albuquerque goes behind. Such low asking rents become a top reason that brings new businesses to the area. Experts and analysts state that companies that are looking for cheap office space in Kentucky are likely to find it in Louisville. All in all, the city’s office market is relatively stable without any significant fluctuations happening there. But, the suburban areas have faced an increase in office rents by more than 9% within the latest period of time in comparison to the CBD. Outdated venues are going through the processes of transformation and modernization to become compatible again and attract a new wave of tenants. Due to the high density of SMEs and independent businesses, there is an abundance of small office spaces for rent in Louisville. Such venues attract tenants by their flexible rental terms, significantly lower fees, and attractive membership options.






