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Office Space for Rent in Louisville, KY - 292 Listings

Louisville, KY Office Overview

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The Louisville office market includes high-density office submarkets like Jeffersontown, Eastpoint Parkway, St Matthews, and Lyndon. With a metropolitan population of nearly 1.3 million, the Class A office market in Louisville sees significant demand from the health care, transportation, high-technology, and tourism industries.

As of mid-2017, the Greater Louisville office market encompasses nearly 27 million square feet of existing office space in properties larger than 50,000 square feet. As the largest city in Kentucky, the office market in Louisville posts robust demand for office space from diverse industries such as shipping, medical sciences, and manufacturing.

Louisville, KY Office Inventory Description

Louisville sprawls along the banks of the Ohio River and is impacted by the unique business cultures of both the Old South and the Midwest. With a gross metropolitan product of nearly $67 billion annually, the demand for office employment continues to grow. Nearly 40% of the office space in Louisville is Class A, with Class B office inventory accounting for nearly all of the remaining 60%.

Trophy office properties in Louisville include the 9901 Linn Station Road office building, Hurstbourne Place on Shelbyville Road, and the Forum Office Park Building IV on Hurstbourne Parkway in the suburb of Lyndon, Kentucky.

Louisville, KY Commercial Inventory Breakdown

Office Spaces

Total: 27,461,893 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 7,659,517 SF / 27.89% of total office
  • 100k to 500k SF: 15,320,724 SF / 55.79% of total office
  • 500k to 1M SF: 4,481,652 SF / 16.32% of total office

By class:

  • Class A: 11,097,539 SF / 40.41% of total office
  • Class B: 14,369,977 SF / 52.33% of total office
  • Class C: 397,108 SF / 1.45% of total office

Top 10 Largest Office Buildings

in Louisville

Office building Address Sqft Year built
Waterfront Plaza 325 West Main Street, 40202 737,776 1991
National City Tower 101 South 5th Street, 40202 723,300 1972
Humana Waterside Building 101 East Main Street, 40202 705,000 1991
Aegon Center 400 West Market Street, 40202 633,650 1993
Brown-Forman Headquarters 850 Dixie Hwy, 40210 600,884 1935
PNC Plaza 500 West Jefferson Street, 40202 556,042 1971
Humana Building 502 West Main Street, 40202 525,000 1985
Dixie Medical Mall at Dixie Manor Shopping Center 6801 Dixie Hwy, 40258 353,810 1997
Brown & Williamson Tower 401 South 4th Street, 40202 346,213 1982
Louisville City FC - Office Building SWC Adams Street & Cabel Street, 40206 340,000 n/a

Most Recently-Built Office Buildings

in Louisville

Office building Address Sqft Year built
Novak Center For Children’s Health 411 East Chestnut Street, 40202 176,000 2018
Kindred Square II 658 South 4th Street, 40202 146,958 2018
ShelbyHurst Office Campus - Building 900 805 North Whittington Pkwy, 40222 140,000 2018
Old Brownsboro Crossing - 4915 Norton Healthcare 4915 Norton Healthcare Blvd, 40241 102,140 2018
Old Henry Crossing #4 2000 High Wickham Place, 40245 65,000 2017
Lyndon Centre Office Park 506 Lyndon Lane, 40222 44,252 2017
Eastpoint Centre - Building F 13410 Eastpoint Centre Drive, 40223 32,500 2017
The Edison Center 701 West Ormsby Avenue, 40203 120,000 2016
ShelbyHurst Office Campus - 500 North Hurstbourne Pkwy 500 North Hurstbourne Pkwy, 40222 120,000 2016
Woodlawn Center Phase II 297 North Hubbards Lane, 40207 60,000 2016

Louisville, KY Green Office Space

Employment

While not yet ranking in the Top 30 Green Office Markets in the U.S., green office space in Louisville is on the rise, with dozens of projects scattered throughout the metropolitan area.

The ShelbyHurst Office Campus on 600 North Hurstbourne Parkway in Louisville is a local example of a Class A green building. With over 125,000 square feet of space, this 4-story office property was built in 2012 and is LEED certified. As tenants, national and global investors seek out green certified office assets for their use and portfolios, the green office trend will continue to take root in Louisville.

Developers are aware of this demand, and with the number green building projects underway, Louisville is making progress in becoming one of the top green office markets. The 2017 National Green Building Adoption Index looked at office properties in 30 major U.S. markets and discovered, EPA Energy Star-labeled buildings included, that the percentage of green certification has increased nationally from under 5% in 2005 to 38% as of mid-2017.

Louisville, KY’s Top Office-Using Sectors

Demand for commercial real estate in Jefferson County is driven by a combination of multiple businesses including traditional manufacturing, transportation, and health care.

  • Manufacturing – Ford Motor Company, GE Appliances, and Brown-Forman all create strong demand for commercial real estate in Louisville.
  • Transportation – The UPS Worldport at the Louisville International Airport, and the inland Jefferson Riverport International both have a major impact on the demand for office use in Louisville.
  • Health Care & Insurance – As home to Humana health insurance, Louisville is a major center for the health care and medical sciences sectors that generate white collar office space employment.
  • Corporate Offices – The demand for while collar office space in Louisville also comes from companies such as Norton Healthcare, Kindred Healthcare, KentuckyOne Health, and LG&E Energy that create major employment in Louisville.

Louisville Demographics

Population

  • Total Population738,336
  • Male Population(48.3 %) 356,791
  • Female Population(51.7 %) 381,544
  • Median Age37.00

Income/Financial

  • Average Household Income$79,784
  • Median Household Income$51,398
  • Median Income Under 25$26,867
  • Median Income 25-44$56,932
  • Median Income 45-64$61,481
  • Median Income Over 65$36,000

News

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