Lexington, KY Commercial Real Estate for Lease and Sale

Explore 377 listings of Lexington commercial real estate for lease and for sale to find the best space for your business.

CRE Market Stats

St. Joseph Office Park Condominiums - Buildings A, B & C

1401 Harrodsburg Road, Headley Green, Lexington, KY
For Lease

$20.00/SF/YR
Property

Office

174,225 SF
Availability

8 Spaces

27,524 SF
Year Built

1983
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Small Hamburg Office For Lease

2452 Sir Barton Way, Hamburg, Lexington, KY
For Lease

$18.00/SF/YR
Property

Office

25,752 SF
Availability

1 Space

1,194 SF
Year Built

2007
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448 & 444 Lewis Hargett Circle

448 Lewis Hargett Circle, Wellington, Lexington, KY
For Lease

$25.51/SF/YR
Property

Office

40,093 SF
Availability

1 Space

1,035 SF
Year Built

2005
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Stonecrest Office Colony

1795 Alysheba Way Ste 101, Hamburg, Lexington, KY
For Lease

$20.10/SF/YR
Property

Office

1,000 SF
Availability

1 Space

1,000 SF
Year Built

2003
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Eagle Creek Office Suite Available For Lease

3280 Blazer Parkway Suite 201, Richmond Square, Lexington, KY
For Lease

$1,250.00/MO
Property

Office

1,100 SF
Availability

1 Space

1,100 SF
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Lexington Green Office Building I

230 Lexington Green Circle, Wellington, Lexington, KY
For Lease

$21.50/SF/YR
Property

Office

74,939 SF
Availability

2 Spaces

3,436 SF
Year Built

1980
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Two Paragon Centre

2343 Alexandria Drive, Garden Springs, Lexington, KY
For Lease

$22.00/SF/YR
Property

Office

45,887 SF
Availability

1 Space

1,231 SF
Year Built

1990
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997 Governors Lane

997 Governors Lane, Beaumont, Lexington, KY
For Lease

$18.00/SF/YR
Property

Office

31,188 SF
Availability

1 Space

4,321 SF
Year Built

2007
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Near Campus Bar/Restaurant Space

384 Woodland Avenue, Oldham, Lexington, KY
For Lease

$6,216.90/MO
Property

Retail

3,910 SF
Availability

1 Space

3,910 SF
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Office Building

200 E Reynolds Road, Brigadoon, Lexington, KY
For Lease

$13.50/SF/YR
Property

Office

6,708 SF
Availability

1 Space

882 SF
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Tates Creek Centre

4101 Tates Creek Centre Drive, Beleau Wood, Lexington, KY
For Lease

Contact for pricing
Property

Retail

196,028 SF
Availability

2 Spaces

5,290 SF
Year Built

1986
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Hamburg Office Park - One Hamburg

1792 Alysheba Way, Hamburg, Lexington, KY
For Lease

$22.50/SF/YR
Property

Office

74,187 SF
Availability

2 Spaces

4,064 SF
Year Built

2003
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Regency Office Court

2201 Regency Road, Deerfield, Lexington, KY
For Lease

$1,575.00/MO
Property

Office

47,200 SF
Availability

1 Space

1,254 SF
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Chevy Chase / UK Retail Space Available For Lease

630 Euclid Avenue , Columbia Heights, Lexington, KY
For Lease

$28.00/SF/YR
Property

Retail

2,360 SF
Availability

1 Space

2,360 SF
Year Built

2016
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War Admiral Place

2344 Elkhorn Road, Hamburg, Lexington, KY
For Lease

Contact for pricing
Property

Retail

7,488 SF
Availability

1 Space

2,000 SF
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5.13 Acres of Light Industrial Land Available for Sale or Lease

751 Freight Boulevard, Northside Lexington, Lexington, KY
For Sale

$1,285,000
Property

VacantLand
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1161 Commercial Dr Lexington KY

1161 Commercial Dr Lexington KY, Meadows - Loudon, Lexington, KY
For Lease

Contact for pricing
Property

Industrial

5,300 SF
Availability Contact for availability
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Fountain Plaza - Eagle Creek Office Park

161 North Eagle Creek Drive, Richmond Square, Lexington, KY
For Lease

$18.00 - $19.00/SF/YR
Property

Office

71,000 SF
Availability

9 Spaces

31,186 SF
Year Built

2000
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Burt Road Medical Clinic

177 Burt Road, Deerfield, Lexington, KY
For Lease

$16.50/SF/YR
Property

Office

13,004 SF
Availability

1 Space

8,670 SF
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35,214 SF Industrial Space for Sublease

800 Enterprise Dr, Westmorland, Lexington, KY
For Lease

$6.75/SF/YR
Property

Industrial

38,000 SF
Availability

1 Space

38,000 SF
Year Built

1994
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Newtown Business Center

1051 Newtown Pike, Oakwood, Lexington, KY
For Lease

$14.00 - $17.00/SF/YR
Property

Industrial

86,700 SF
Availability

3 Spaces

12,152 SF
Year Built

1982
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Cygnus Building

2353 Alexandria Drive, Garden Springs, Lexington, KY
For Lease

$21.00/SF/YR
Property

Office

40,383 SF
Availability

1 Space

13,725 SF
Year Built

1989
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Historical Downtown Office Building - For Lease

112 West High Street, Historic South Hill, Lexington, KY
For Lease

$16.00/SF/YR
Property

Office

2,682 SF
Availability

1 Space

2,682 SF
Year Built

1930
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US Attorneys Building

260 West Vine Street, Downtown Lexington, Lexington, KY
For Lease

$18.50/SF/YR
Property

Office

54,140 SF
Availability

1 Space

4,911 SF
Year Built

2005
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Office Building

2401-2409 Regency Road, Deerfield, Lexington, KY
For Lease

$13.50/SF/YR
Property

Office

25,000 SF
Availability

3 Spaces

4,537 SF
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Prime Freestanding Restaurant Opportunity

134 Malabu Dr, Lansdowne, Lexington, KY
For Lease

Contact for pricing
Property

Retail

5,200 SF
Availability

1 Space

5,200 SF
Year Built

2017
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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 14,709,380 square feet of office space across 232 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. In Lexington, the coworking segment of the commercial real estate market incorporates about 2,715 square feet.

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 2,986,122 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 2,914,028 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 1,546,449 square feet of available listings. Office space available in Lexington adds up to 1,128,701 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 $16.36 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 $11.16 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 Liberty.

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 Retail space.

Conversely, the highest sale price last year was $16,490,000 that is located at 1050 Chinoe Road.

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 66,861 square feet.
Retail properties here incorporate an average of 48,163 square feet.
Industrial space in Lexington is in buildings that are, on average 85,707 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 4,115,427 square feet. The market offers 103 active office listing(s), which amount to 1,128,701 square feet and account for 52% of commercial spaces on the market. Local retail availability includes 425,984 square feet across 54 retail space(s). Industrial space for rent opportunities in Lexington amount to 1,542,049 square feet across a total of 26 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	103	1,128,701
Retail	54	425,984
Industrial	26	1,542,049
Other	12	1,018,693

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 933,744 square feet of commercial property for sale here , which includes 20 office building(s) for sale , 8 retail investment opportunity listing(s) , and 3 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	20	488,862
Retail	8	125,134
Industrial	3	56,401
Other	33	263,346

Lexington, KY Commercial Real Estate for Lease and Sale

St. Joseph Office Park Condominiums - Buildings A, B & C

Small Hamburg Office For Lease

448 & 444 Lewis Hargett Circle

Stonecrest Office Colony

Eagle Creek Office Suite Available For Lease

Lexington Green Office Building I

Two Paragon Centre

997 Governors Lane

Near Campus Bar/Restaurant Space

Office Building

Tates Creek Centre

Hamburg Office Park - One Hamburg

Regency Office Court

Chevy Chase / UK Retail Space Available For Lease

War Admiral Place

5.13 Acres of Light Industrial Land Available for Sale or Lease

1161 Commercial Dr Lexington KY

Fountain Plaza - Eagle Creek Office Park

Burt Road Medical Clinic

35,214 SF Industrial Space for Sublease

Newtown Business Center

Cygnus Building

Historical Downtown Office Building - For Lease

US Attorneys Building

Office Building

Prime Freestanding Restaurant Opportunity

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