Louisville Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Louisville is $19.83 per square foot, 1.25% higher compared to the previous year.
  • The market’s vacancy rate stands at 13.71%, lower than the state average of Kentucky, which is 17.37%.

2025 Office Space Rent & Sales

  • $19.83 2025 Avg. Asking Rent
  • 1.25% Y-o-Y Avg. Asking Rent Change
  • 13.71% 2025 Office Vacancy Rate
  • $67.4M2025 Total Office Sales
  • $140.06Avg. Sale Price/SF

What is the average asking rent price for office space in Louisville?

Average asking rents for office space here stand at $19.83 per square foot. The local office market recorded an average vacancy rate of 13.71% in 2025, unchanged from 13.71% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $67.4M across 4 sales. These transactions commanded an average sale price per square foot of $140.06.

Louisville, KY Office Asking Rents by Class

What is the average office rent per square foot by property class in Louisville?

  • Avg. Asking Rent Class A & A+$20.16
  • Avg. Asking Rent Class B$19.35

What is the average office rent per square foot by property class in KY?

  • Avg. Asking Rent Class A & A+$20.35
  • Avg. Asking Rent Class B$19.80
  • Avg. Asking Rent Class C$15.31

For comparison, the average rent for Class A and A+ office space in Kentucky was $20.35 per square foot. The state-wide average for Class B space was $19.80 per square foot, and Class C office spaces averaged $15.31 per square foot.

Louisville, KY Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Louisville was Louisville - Central at 1.07%. Meanwhile, the highest office vacancy rate in the market was 24.64%, recorded in Louisville - South.
Submarket Asking Rents Vacancy Rates
Louisville - St. Matthews $25.26 4.85%
Louisville - Central East $22.76 4.54%
Louisville - East $21.19 10.79%
Louisville - Central Business District $20.00 19.65%
Hurstbourne Corridor $19.75 10.84%
Louisville - South $17.15 24.64%
Louisville - Central $11.73 1.07%
Data provided by Yardi Research

Explore Top Office Markets in Kentucky

2025 Office Sales Volume

  • $140.062025 Avg. Price per SF
  • -8.61%Y-o-Y Avg. PpSF Change
  • $67.4M2025 Office Sales Volume
  • 42025 Number of Transactions

What is the average sale price per square foot for office space in Louisville?

Average sale prices for office space in this market recorded a -8.61% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $140.06 per square foot. For comparison, the statewide Kentucky average during the same time period stood at $124.46 per square foot, while the national average was $182.48 per square foot.

Louisville, KY Sale Price per SF Trend

  • Louisville Avg. Sale Price per SF in 2025$140.06
  • Kentucky Avg. Sale Price per SF in 2025$124.46

What was the total office sales volume in Louisville in 2025?

The local office market recorded 4 deals in 2025, adding up to a yearly sales volume of $67.4M.

  • Louisville, KY Total Office Sales Volume in 2025 $67.4M
  • Louisville, KY Total Number of Office Sales Closed in 2025 4
Data provided by Yardi Research

2025 Office Construction in Louisville, KY

  • Louisville, KY Total SF completed in 2025 120,190

How much office space was built in Louisville in 2025?

120,190 square feet of new office space was delivered across the market in the previous year. New construction included 2 properties, with an average new property size of 60,095 square feet.

What are the largest recent office completions in Louisville?

The largest recent office completion here is Kindred Square II at 146,958 square feet, completed in 2018. The next largest completions are ShelbyHurst Office Campus - Building 900 and ShelbyHurst Office Campus - 700 North Hurstbourne Pkwy.

Office building Address SF Completed
Old Henry Crossing #7 13906 Promenade Green Way, 40245 66,050 2019
Kindred Square II 658 South 4th Street, 40202 146,958 2018
ShelbyHurst Office Campus - Building 900 805 North Whittington Pkwy, 40222 140,000 2018
2700 Buddeke Drive 2700 Buddeke Drive, 38,799 2018
Valley College Drive Office Space 833 Valley College Drive, 40272 1,146 2017
ShelbyHurst Office Campus - 500 North Hurstbourne Pkwy 500 North Hurstbourne Pkwy, 40222 120,000 2016
Woodlawn Center Office Park, Phase II 297 North Hubbards Lane, 40207 45,000 2016
Park Place Lofts 400 East Main Street , 40202 3,058 2015
ShelbyHurst Office Campus - 700 North Hurstbourne Pkwy 700 North Hurstbourne Pkwy, 40222 130,000 2014
Watterson Trail Center Condominiums 10610 Watterson Center Ct Ste 202, 40299 27,912 2013
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.