Lexington, KY Commercial Real Estate for Lease and Sale

Explore 216 listing(s) of commercial real estate in Lexington, KY to find the best space for your business.

CRE Market FAQs

1515 Mercer Road

1515 Mercer Road, Masterson Station Park, Lexington, KY
Space Type

Industrial
For Lease Contact for pricing

1 space available / 423,600 SF
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112 Dennis Dr

112 Dennis Dr, Deerfield, Lexington, KY
Property Type

Office
For Sale

$975,000
Property size 8,262 SF
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120 E Reynolds Rd

120 E Reynolds Rd Lexington, Brigadoon, Lexington, KY
Space Type

Office
For Lease

$12.50/MO
1 space available / 1,450 SF
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437 Lewis Hargett Circle

437 Lewis Hargett Circle, Wellington, Lexington, KY
Property Type

Office
For Sale

$950,000
Built in 2003 / Property size 5,096 SF
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Frequently Asked Questions

Here is a rundown of the primary commercial real estate property types currently available in Lexington:
- Office Space: The market includes 2,524,120 square feet of office spaces in addition to 150 coworking locations.
- Retail Space: Between malls, restaurants and stores, Lexington is home to 326,268,323 square feet of available retail space.
- Industrial Space: Warehouses, distribution centers, manufacturing facilities and other industrial types total 926,061 square feet of available space in Lexington.
The average rent for commercial real estate in Lexington is $18.36 per square foot. However, specific rates may vary widely by property type, class and quality. The cheapest commercial space in Lexington costs $1.23, while the city’s premium locations ask up to $48.
Office space here averages $19.71 per square foot while industrial space averages $9.87 per square foot. The variation reflects differences in property types, quality, and demand. 
Here is a breakdown of the average size of different property classes (also known as asset class or property type):
- Class A/A+ properties have an average size of 46,563 square feet.
- Class B properties are sized 29,058 square feet, on average.
- Class C properties span an average of 29,123 square feet.
The best area for commercial real estate in Lexington will depend greatly on your needs. The neighborhood with the largest overall number of commercial listings is Downtown Lexington, home to no fewer than 34 listings for space of all types. If you're looking for office space, Downtown Lexington has the highest concentration of office listings at 31.

Meanwhile, Westmorland has the highest number of industrial availabilities (6), while Woodhill Park boasts the largest number of retail listings in the city (6).
CommercialCafe’s CRE offering in Lexington is enabled by a network of 78 active brokers from 36 different firms, ensuring a wide variety of listings. Working with an experienced professional can make a real difference. Learn more about the benefits of working with a broker.

To get in touch with a broker, use the "Contact Property" button on this search page or fill in the contact form provided on each individual property’s listing page.
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, local market conditions, the state of the local economy and the demand for that particular type of commercial property, to name a few.

Asking rents in the city can be as high as $48 per square foot. In particular, the property type commanding the highest lease rates in Lexington is Retail space.
The average size of a commercial property here stands at 223,095. However, different asset classes and zoning laws will result in vastly different property sizes. Here is a breakdown of the average size of different commercial asset classes in Lexington:
Office properties:
- Average size: 31,951 square feet.
- Largest property: #400 (13,104 square feet).
Retail properties:
- Average size: 6,042,006 square feet.
- Largest property: Space 7 (43,560 square feet).
Industrial properties:
- Average size: 31,934 square feet.
- Largest property: Space Available (423,600 square feet).

Lexington, KY Commercial Space Listings

Commercial Space for Lease - Breakdown

The 156 listings for commercial real estate currently available for rent in Lexington add up to 2,058,692 square feet across various property types. Here's a breakdown of the available space by category:

Property Type	Count of Listings	Total Sq. Ft.
Office	74	488,407
Retail	54	423,450
Industrial	23	923,740
Other	5	223,095

Office properties:

The market has 74 active office listings, encompassing 488,407 square feet.
Lexington office spaces currently listed on CommercialCafe represent 47% of the total commercial real estate market in Lexington, compared to an average of 39% across all markets tracked by CommercialCafe.

Retail Space:

There are 54 retail listings available, adding up to a total of 423,450 square feet.
Retail spaces account for approximately 34% of the local commercial market, while the average share taken up by retail in all U.S. markets is 35%.

Industrial Space:

The industrial market in Lexington offers 23 listings, amounting to 923,740 available square feet.
Industrial spaces, including warehouses and manufacturing sites, make up about 14% of the total commercial space available in the market, compared to a nationwide average of 25%.

Commercial Space for Sale - Breakdown

There are currently 59 properties listed for sale in the Lexington market, adding up to 700,537 square feet of space available for purchase. Here is a breakdown of the commercial space for sale listed locally:

20 office properties
7 retail properties
7 industrial properties

Property Type	Count of Listings	Total Sq. Ft.
Office	20	316,456
Retail	7	29,890
Industrial	7	225,346
Other	25	128,845

Lexington, KY Commercial Real Estate for Lease and Sale

1515 Mercer Road

112 Dennis Dr

120 E Reynolds Rd

437 Lewis Hargett Circle

Frequently Asked Questions

Lexington, KY Commercial Space Listings

Commercial Space for Lease - Breakdown

Commercial Space for Sale - Breakdown

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