Lexington, KY Commercial Real Estate for Lease and Sale

Explore 234 listings of Lexington commercial real estate for lease and for sale to find the best space for your business.

CRE Market FAQs

1,100 SF Office Suite Available on Nicholasville Rd

2134 Nicholasville Rd, Glendover, Lexington, KY
Property

Office

19,145 SF
Availability

1 Space

1,100 SF
Year Built

1962
For Lease

$1,750.00/MO
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Monarch Plaza Office Park

1030 Monarch Street, Beaumont, Lexington, KY
Property

Office

206,240 SF
Availability

3 Spaces

7,258 SF
Year Built

2004
For Lease

$14.00 - $17.00/SF/YR
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Barrister Hall

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

Office

29,800 SF
Availability

1 Space

3,658 SF
Year Built

1990
For Lease

$15.75/SF/YR
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1171 E New Circle Road

1171 E New Circle Rd, Liberty, Lexington, KY
Property

Retail

4,480 SF
Availability

1 Space

4,480 SF
Year Built

2014
For Lease

$12,500.00/MO
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Three Office Condos For Sale/ Lease

519 Darby Creek Road, Cadentown, Lexington, KY
Property

Office

5,960 SF
For Sale

Subject To Offer
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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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Lexington Interstate Retail End-Cap Opportunity

1951 Stanton Way, Castleton Lyons - Winchester Farm, Lexington, KY
Property

Retail

2,000 SF
Availability

1 Space

2,000 SF
For Lease Contact for pricing
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Village Shoppes Lexington KY

3094 Richmond Road, Andover Estates, Lexington, KY
Property

Retail

12,000 SF
Availability

3 Spaces

3,773 SF
Year Built

1988
For Lease

$20.00/SF/YR
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Keithshire Place Office Suites

3330 Partner Place & 570 Delzan Place, Wellington, Lexington, KY
Property

Office

42,292 SF
Availability

5 Spaces

12,731 SF
For Lease

$6.95 - $10.00/SF/YR
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3175 Custer Drive Lexington KY

3175 Custer Drive, Carriage, Lexington, KY
Property

Office

10,253 SF
Availability

2 Spaces

3,578 SF
Year Built

1985
For Lease

$1,270.00 - $2,054.00/MO
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Fairfield Inn & Suites - Lexington

2211 Elkhorn Rd, Eastland Parkway, Lexington, KY
Property

Other

49,744 SF
Year Built

2018
For Sale Contact Broker
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5.13 Acres of Light Industrial Land Available for Sale or Lease

751 Freight Boulevard, Northside Lexington, Lexington, KY
Property

VacantLand
For Sale

Subject To Offer
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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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Lexington Business Center

1300 New Circle Road, Liberty, Lexington, KY
Property

Industrial

309,135 SF
Availability

1 Space

33,504 SF
For Lease

$11.00/SF/YR
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110 West Vine Street

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

Office

42,696 SF
Availability

1 Space

7,593 SF
Year Built

1976
For Lease

$19.50/SF/YR
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HUB On Campus Lexington Limestone

685 South Limestone, Royal Lexington, Lexington, KY
Property

Retail

305,420 SF
Availability

3 Spaces

7,150 SF
Year Built

2020
For Lease

$30.00/SF/YR
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Lexington Professional Center

101 Yorkshire Boulevard, Richmond Square, Lexington, KY
Property

Office

180,866 SF
Availability

4 Spaces

180,866 SF
Year Built

1978
For Lease

$10.00/SF/YR
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Corporate Plaza

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

Office

120,866 SF
Availability

8 Spaces

22,284 SF
Year Built

1982
For Lease

$19.25 - $19.50/SF/YR
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Two Paragon Centre

2343 Alexandria Drive, Garden Springs, Lexington, KY
Property

Office

45,887 SF
Availability

1 Space

1,231 SF
Year Built

1990
For Lease

$22.00/SF/YR
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Free-Standing Office Near UK Campus For Sale or Lease

350 Elaine Drive , North Elizabeth, Lexington, KY
Property

Office

18,208 SF
Availability

3 Spaces

36,416 SF
Year Built

1978
For Lease

$17.00/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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Newtown Business Center

1051 Newtown Pike, Oakwood, Lexington, KY
Property

Industrial

86,700 SF
Availability

3 Spaces

12,152 SF
Year Built

1982
For Lease

$14.00 - $17.00/SF/YR
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+/-.69 AC Lot Zoned B6-P

2097 Harrodsburg Rd, Garden Springs, Lexington, KY
Property

Retail

528 SF
Availability

1 Space

30,056 SF
Year Built

1999
For Lease

$5,000.00/MO
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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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975 SF Retail Space For Lease

1039 North Limestone, North Limestone, Lexington, KY
Property

Retail

8,580 SF
Availability

1 Space

975 SF
For Lease

$1,100.00/MO
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981-985 Freight Boulevard

981-985 Freight Boulevard, Northside Lexington, Lexington, KY
Property

VacantLand
For Sale

$1,050,000
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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 7,287,158 square feet of office space across 109 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 2,715,457 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 2,107,167 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 1,649,596 square feet of available listings. Office space available in Lexington adds up to 1,018,235 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 $16.42 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 $19.72 per square foot, industrial space in Lexington saw average rents of $11.65 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 73,608 square feet.
Retail properties here incorporate an average of 48,491 square feet.
Industrial space in Lexington is in buildings that are, on average 72,661 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 4,082,414 square feet. The market offers 90 active office listing(s), which amount to 1,018,235 square feet and account for 50% of commercial spaces on the market. Local retail availability includes 486,539 square feet across 53 retail space(s). Industrial space for rent opportunities in Lexington amount to 1,645,196 square feet across a total of 26 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	90	1,018,235
Retail	53	486,539
Industrial	26	1,645,196
Other	10	932,444

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 1,094,993 square feet of commercial property for sale here , which includes 21 office building(s) for sale , 6 retail investment opportunity listing(s) , and 3 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	21	603,482
Retail	6	118,542
Industrial	3	56,401
Other	29	316,567

Lexington, KY Commercial Real Estate for Lease and Sale

1,100 SF Office Suite Available on Nicholasville Rd

Monarch Plaza Office Park

Barrister Hall

1171 E New Circle Road

Three Office Condos For Sale/ Lease

Todds Center

Lexington Interstate Retail End-Cap Opportunity

Village Shoppes Lexington KY

Keithshire Place Office Suites

3175 Custer Drive Lexington KY

Fairfield Inn & Suites - Lexington

5.13 Acres of Light Industrial Land Available for Sale or Lease

BB&T Plaza

Lexington Business Center

110 West Vine Street

HUB On Campus Lexington Limestone

Lexington Professional Center

Corporate Plaza

Two Paragon Centre

Free-Standing Office Near UK Campus For Sale or Lease

PNC Tower

Newtown Business Center

+/-.69 AC Lot Zoned B6-P

Custer Drive Office Building

975 SF Retail Space For Lease

981-985 Freight Boulevard

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

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us