Louisville, KY Commercial Real Estate Market Overview
Louisville, Ky., started out as a stop for river boats going down the Ohio River. Today, the city is still true to its roots as a river town — as the shipping and cargo industries continue to be central to the local economy. In fact, two-thirds of the entire U.S. population can be reached overnight from Louisville, thanks to its advantageous location. As a result, Louisville Muhammad Ali International Airport is UPS’s worldwide shipping hub, and the city as a whole relies to a great extent on the shipping and cargo sector.
As expected, industrial real estate makes up a significant amount of the Kentucky commercial real estate market, with most industrial properties being situated in the vicinity of the international airport. Many high-end commercial properties are also present in the metro, primarily in Louisville’s central business district along the Ohio River’s waterfront.