Lexington, KY Commercial Real Estate for Lease and Sale

Explore 206 listings of Lexington commercial real estate for lease and for sale to find the best space for your business.

CRE Market FAQs

Two Office Condos For Sale/ Lease

519 Darby Creek Road, Cadentown, Lexington, KY
Property

Office

5,960 SF
Availability

2 Spaces

4,768 SF
For Lease

$16.50 - $17.50/SF/YR
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Office Building

200 E Reynolds Road, Brigadoon, Lexington, KY
Property

Office

6,708 SF
Availability

1 Space

882 SF
For Lease

$13.50/SF/YR
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PNC Tower

301 East Main Street, Downtown Lexington, Lexington, KY
Property

Office

122,987 SF
Availability

11 Spaces

45,948 SF
Year Built

1974
For Lease

$16.50/SF/YR
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Freestanding Retail Building

5548 Athens Boonesboro Rd, Boone Creek, Lexington, KY
Property

Retail

1,694 SF
Year Built

1984
For Sale

$500,000
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Eagle Creek Office Suite Available For Lease

3280 Blazer Parkway Suite 202, Richmond Square, Lexington, KY
Property

Office

1,100 SF
Availability

1 Space

1,100 SF
For Lease

$14.00/SF/YR
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Strategically Located Corporate Drive Office Space

851 Corporate Drive, Indian Hills - Pera Place, Lexington, KY
Property

Office

17,642 SF
Availability

1 Space

1,610 SF
For Lease

$15.00/SF/YR
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Corner Development Lot

3326 Clays Mill Road & 641 Delzan Place, Wellington, Lexington, KY
Property

VacantLand
For Sale

$550,000
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BB&T Plaza

200 West Vine Street, Downtown Lexington, Lexington, KY
Property

Office

92,815 SF
Availability

16 Spaces

66,705 SF
Year Built

1972
For Lease

$12.75 - $16.95/SF/YR
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Todds Center

3090, 3094 & 3100 Old Todds Road, Cadentown, Lexington, KY
Property

Retail

30,418 SF
Availability

3 Spaces

5,152 SF
Year Built

2000
For Lease Contact for pricing
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249 East Main Street

249 East Main Street, Downtown Lexington, Lexington, KY
Property

Office

46,936 SF
Availability

2 Spaces

4,604 SF
Year Built

1988
For Lease Contact for pricing
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Blue Sky Industrial Park

345 Blue Sky Parkway, Boone Creek, Lexington, KY
Property

Industrial

9,000 SF
Availability

1 Space

9,000 SF
For Lease

$6.50/SF/YR
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The Square

401 West Main Street, Downtown Lexington, Lexington, KY
Property

Office

140,000 SF
Availability

6 Spaces

22,294 SF
For Lease Contact for pricing
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Custer Drive Office Building

3138 Custer Drive, Carriage, Lexington, KY
Property

Office

14,850 SF
Year Built

1990
For Sale

$1,739,000
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Eastland Shopping Center

1301 Winchester Road, Meadows - Loudon, Lexington, KY
Property

Retail

340,094 SF
Availability

3 Spaces

13,960 SF
For Lease Contact for pricing
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Fayette Place

127 W Tiverton Way, Germann Court, Lexington, KY
Property

Retail

116,664 SF
Availability

2 Spaces

8,627 SF
Year Built

1987
For Lease Contact for pricing
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1025 Nandino Blvd.

1025 Nandino Blvd., Oakwood, Lexington, KY
Property

Industrial

14,820 SF
Availability

1 Space

178,596 SF
Year Built

1971
For Lease Contact for pricing
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Executive Place

2285 Executive Drive, Eastland Parkway, Lexington, KY
Property

Office

38,962 SF
Availability

5 Spaces

6,628 SF
Year Built

1990
For Lease

$1,775.00 - $2,575.00/MO
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Hamburg Business Center II

2704 Old Rosebud Road, Hamburg, Lexington, KY
Property

Office

30,000 SF
Availability

1 Space

10,000 SF
Year Built

2005
For Lease

$19.00/SF/YR
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Lexington Business Center

1300 New Circle Road, Liberty, Lexington, KY
Property

Industrial

309,135 SF
Availability

1 Space

15,263 SF
For Lease Contact for pricing
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Gardenside Plaza

1743 Alexandria Drive, West Gardenside, Lexington, KY
Property

Retail

8,800 SF
Availability

1 Space

8,800 SF
For Lease

$9.50/SF/YR
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US Attorneys Building

260 West Vine Street, Downtown Lexington, Lexington, KY
Property

Office

54,140 SF
Availability

1 Space

4,911 SF
Year Built

2005
For Lease

$18.50/SF/YR
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Woodhill Circle Plaza

1505-1557 E. New Circle Road, Woodhill Park, Lexington, KY
Property

Retail

379,204 SF
Availability

9 Spaces

21,010 SF
Year Built

1978
For Lease

$9.00 - $28.57/SF/YR
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B-3 Lot with 1,305 SF Improvement FOR LEASE

1205 Winchester Road, Meadows - Loudon, Lexington, KY
Property

Retail

1,305 SF
Availability

1 Space

1,305 SF
Year Built

1958
For Lease

$5,750.00/MO
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Fountain Plaza - Eagle Creek Office Park

161 North Eagle Creek Drive, Richmond Square, Lexington, KY
Property

Office

71,000 SF
Availability

9 Spaces

31,186 SF
Year Built

2000
For Lease

$18.00 - $19.00/SF/YR
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Fortune Drive Retail/Office Suites For Lease

2473 Fortune Drive , Liberty, Lexington, KY
Property

Retail

49,059 SF
Availability

2 Spaces

4,285 SF
For Lease

$14.50/SF/YR
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Lexington Professional Center

101 Yorkshire Boulevard, Richmond Square, Lexington, KY
Property

Office

180,866 SF
Year Built

1978
For Sale

Subject To Offer
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Lexington commercial real estate market incorporates 5,805,588 square feet of office space across 98 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Lexington commercial real estate market includes 2,528,382 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Lexington market, there is a total of 2,053,232 square feet of industrial property.

The listing inventory in Lexington incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Lexington is represented by Industrial space, which accounts for 1,615,451 square feet of available listings. Office space available in Lexington adds up to 960,955 square feet.

Meanwhile, most of the listings of commercial property for sale in Lexington are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Lexington is $16.79 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Lexington can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $19.19 per square foot, industrial space in Lexington saw average rents of $12 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Lexington, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Lexington is in the Downtown Lexington neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Lexington area.

Meanwhile, retail space opportunities are most abundant in the Woodhill Park submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Spindletop.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $24 per square foot. In particular, the property type commanding the highest lease rates in Lexington was Office space.

Conversely, the highest sale price last year was $11,550,000 that is located at 3470 Blazer Pkwy.

The average size of a commercial property in Lexington depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Lexington, the average size of an office property is 65,232 square feet.
Retail properties here incorporate an average of 48,623 square feet.
Industrial space in Lexington is in buildings that are, on average 73,330 square feet in size.

Lexington, KY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Lexington currently add up to 3,661,006 square feet. The market offers 79 active office listing(s), which amount to 984,946 square feet and account for 48% of commercial spaces on the market. Local retail availability includes 399,587 square feet across 50 retail space(s). Industrial space for rent opportunities in Lexington amount to 1,611,051 square feet across a total of 25 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	79	984,946
Retail	50	399,587
Industrial	25	1,611,051
Other	8	665,422

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Lexington, KY. Currently, there is 945,875 square feet of commercial property for sale here , which includes 19 office building(s) for sale , 5 retail investment opportunity listing(s) , and 3 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	19	553,094
Retail	5	13,731
Industrial	3	66,900
Other	22	312,150

Lexington, KY Commercial Real Estate for Lease and Sale

Two Office Condos For Sale/ Lease

Office Building

PNC Tower

Freestanding Retail Building

Eagle Creek Office Suite Available For Lease

Strategically Located Corporate Drive Office Space

Corner Development Lot

BB&T Plaza

Todds Center

249 East Main Street

Blue Sky Industrial Park

The Square

Custer Drive Office Building

Eastland Shopping Center

Fayette Place

1025 Nandino Blvd.

Executive Place

Hamburg Business Center II

Lexington Business Center

Gardenside Plaza

US Attorneys Building

Woodhill Circle Plaza

B-3 Lot with 1,305 SF Improvement FOR LEASE

Fountain Plaza - Eagle Creek Office Park

Fortune Drive Retail/Office Suites For Lease

Lexington Professional Center

Frequently Asked Questions

Lexington, KY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Lexington, KY Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Lexington, KY?

What factors affect the price of commercial real estate in Lexington, KY?

What is the average rent for commercial space in Lexington, KY?

What are the best areas for commercial real estate in Lexington, KY?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Lexington, KY?

Lexington, KY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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About us